International Assets Investment Management LLC Increases Stake in Zscaler, Inc. (NASDAQ:ZS)

International Assets Investment Management LLC increased its holdings in Zscaler, Inc. (NASDAQ:ZS) by 13,498.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 285,299 shares of the company’s stock after purchasing an additional 283,201 shares during the quarter. International Assets Investment Management LLC owned 0.19% of Zscaler worth $48,769,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in shares of Zscaler during the second quarter valued at approximately $28,000. Asset Dedication LLC raised its holdings in Zscaler by 436.8% during the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company’s stock valued at $39,000 after buying an additional 166 shares during the last quarter. American Capital Advisory LLC purchased a new stake in Zscaler during the 2nd quarter valued at $50,000. GAMMA Investing LLC grew its holdings in Zscaler by 21.3% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $73,000 after acquiring an additional 67 shares during the last quarter. Finally, Quarry LP increased its position in shares of Zscaler by 613.0% in the second quarter. Quarry LP now owns 385 shares of the company’s stock valued at $74,000 after acquiring an additional 331 shares during the period. 46.45% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Robert Schlossman sold 4,947 shares of Zscaler stock in a transaction on Monday, September 30th. The shares were sold at an average price of $170.22, for a total transaction of $842,078.34. Following the transaction, the insider now owns 107,241 shares in the company, valued at $18,254,563.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Robert Schlossman sold 4,947 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $170.22, for a total value of $842,078.34. Following the transaction, the insider now directly owns 107,241 shares of the company’s stock, valued at approximately $18,254,563.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Rich sold 4,813 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $824,370.64. Following the completion of the sale, the insider now owns 103,259 shares of the company’s stock, valued at approximately $17,686,201.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,502 shares of company stock valued at $5,256,651 in the last quarter. 19.20% of the stock is currently owned by insiders.

Zscaler Trading Up 0.6 %

Shares of ZS stock opened at $184.96 on Monday. Zscaler, Inc. has a 12-month low of $152.60 and a 12-month high of $259.61. The stock has a market capitalization of $27.96 billion, a P/E ratio of -362.67 and a beta of 0.82. The firm’s 50 day moving average is $180.90 and its 200 day moving average is $180.68.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The company had revenue of $592.90 million during the quarter, compared to analyst estimates of $567.46 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. Zscaler’s revenue was up 30.3% compared to the same quarter last year. As a group, equities analysts predict that Zscaler, Inc. will post -0.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ZS. Mizuho cut Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 target price on the stock. in a research note on Tuesday, July 16th. JMP Securities reissued a “market outperform” rating and set a $270.00 target price on shares of Zscaler in a research note on Wednesday, September 4th. Oppenheimer dropped their price target on Zscaler from $260.00 to $230.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Rosenblatt Securities reiterated a “neutral” rating and issued a $190.00 price target on shares of Zscaler in a report on Wednesday, September 4th. Finally, Loop Capital dropped their target price on shares of Zscaler from $180.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and an average target price of $216.73.

Zscaler Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.