Dynamic Technology Lab Private Ltd Has $271,000 Stake in Zscaler, Inc. (NASDAQ:ZS)

Dynamic Technology Lab Private Ltd reduced its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 24.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,584 shares of the company’s stock after selling 504 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Zscaler were worth $271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Champlain Investment Partners LLC increased its holdings in Zscaler by 28.2% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock valued at $220,401,000 after purchasing an additional 283,540 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Zscaler by 13,498.6% during the third quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock worth $48,769,000 after purchasing an additional 283,201 shares during the last quarter. GuoLine Advisory Pte Ltd acquired a new stake in shares of Zscaler in the third quarter valued at $32,660,000. Massachusetts Financial Services Co. MA bought a new position in shares of Zscaler in the second quarter valued at about $25,287,000. Finally, Westfield Capital Management Co. LP lifted its position in Zscaler by 33.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock worth $68,293,000 after buying an additional 100,814 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Zscaler Stock Up 0.8 %

Shares of Zscaler stock opened at $206.59 on Monday. The business’s 50 day moving average is $190.12 and its 200-day moving average is $184.78. The stock has a market cap of $31.70 billion, a P/E ratio of -516.46 and a beta of 0.82. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $259.61.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. The company had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $567.46 million. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same period last year, the firm earned ($0.17) earnings per share. On average, sell-side analysts expect that Zscaler, Inc. will post -0.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ZS. Piper Sandler dropped their target price on shares of Zscaler from $255.00 to $215.00 and set an “overweight” rating for the company in a research note on Wednesday, September 4th. Needham & Company LLC dropped their price objective on shares of Zscaler from $290.00 to $235.00 and set a “strong-buy” rating for the company in a research report on Wednesday, September 4th. Barclays increased their price objective on Zscaler from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on Zscaler from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, UBS Group lowered their price objective on Zscaler from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $221.13.

Insider Transactions at Zscaler

In other Zscaler news, Director Andrew William Fraser Brown sold 8,000 shares of Zscaler stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $174.10, for a total value of $1,392,800.00. Following the transaction, the director now owns 25,907 shares in the company, valued at $4,510,408.70. The trade was a 23.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Remo Canessa sold 8,455 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $1,448,172.40. Following the completion of the transaction, the chief financial officer now directly owns 231,793 shares of the company’s stock, valued at $39,701,505.04. This trade represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,502 shares of company stock valued at $5,256,651. Company insiders own 19.20% of the company’s stock.

Zscaler Company 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.