Dynamic Technology Lab Private Ltd Has $271,000 Holdings 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 the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,584 shares of the company’s stock after selling 504 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Zscaler were worth $271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of Zscaler in the 2nd quarter valued at $28,000. Asset Dedication LLC boosted its position in Zscaler by 436.8% during the second quarter. Asset Dedication LLC now owns 204 shares of the company’s stock valued at $39,000 after acquiring an additional 166 shares during the last quarter. American Capital Advisory LLC acquired a new stake in Zscaler during the 2nd quarter worth about $50,000. GAMMA Investing LLC raised its position in shares of 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 in the last quarter. Finally, Quarry LP lifted its stake in shares of Zscaler by 613.0% in the 2nd quarter. Quarry LP now owns 385 shares of the company’s stock valued at $74,000 after purchasing an additional 331 shares during the period. 46.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ZS. JPMorgan Chase & Co. raised their target price on Zscaler from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday. Robert W. Baird lowered their price objective on shares of Zscaler from $260.00 to $225.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Wells Fargo & Company dropped their target price on shares of Zscaler from $182.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 4th. Scotiabank reduced their price target on shares of Zscaler from $210.00 to $195.00 and set a “sector outperform” rating for the company in a report on Wednesday, September 4th. Finally, Bank of America lowered shares of Zscaler from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $265.00 to $195.00 in a report on Wednesday, September 4th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $221.13.

Zscaler Stock Up 0.8 %

Zscaler stock opened at $206.59 on Monday. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $259.61. The company’s 50 day moving average price is $190.12 and its two-hundred day moving average price 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 (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share 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 business had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $567.46 million. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. The business’s revenue was up 30.3% on a year-over-year basis. On average, equities analysts anticipate that Zscaler, Inc. will post -0.95 EPS for the current year.

Insider Activity at Zscaler

In other news, insider Robert Schlossman sold 1,435 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the transaction, the insider now owns 105,806 shares of the company’s stock, valued at $19,224,950.20. This represents a 1.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of Zscaler stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $488,490.56. Following the completion of the sale, the chief executive officer now directly owns 361,432 shares of the company’s stock, valued at approximately $61,906,072.96. This trade represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,502 shares of company stock worth $5,256,651. 19.20% of the stock is owned by company insiders.

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.