Quantinno Capital Management LP Has $2.25 Million Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Quantinno Capital Management LP boosted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 117.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,144 shares of the company's stock after buying an additional 7,100 shares during the quarter. Quantinno Capital Management LP's holdings in Zscaler were worth $2,247,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Quest Partners LLC acquired a new stake in shares of Zscaler during the second quarter worth $28,000. True Wealth Design LLC lifted its position in Zscaler by 18,500.0% during the third quarter. True Wealth Design LLC now owns 186 shares of the company's stock valued at $32,000 after purchasing an additional 185 shares during the period. Asset Dedication LLC lifted 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 purchasing an additional 166 shares during the period. American Capital Advisory LLC acquired a new position in Zscaler during the second quarter valued at $50,000. Finally, Quarry LP lifted its position in Zscaler by 613.0% during the second 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 hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Michael J. Rich sold 4,813 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $824,370.64. Following the sale, the insider now owns 103,259 shares of the company's stock, valued at $17,686,201.52. This trade represents a 4.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Remo Canessa sold 8,455 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $1,448,172.40. Following the transaction, the chief financial officer now directly owns 231,793 shares in the company, valued at approximately $39,701,505.04. The trade was a 3.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,502 shares of company stock valued at $5,256,651. Company insiders own 18.10% of the company's stock.

Zscaler Stock Up 2.9 %

Shares of Zscaler stock traded up $5.88 during trading hours on Wednesday, hitting $207.27. The company's stock had a trading volume of 893,639 shares, compared to its average volume of 2,053,293. The company has a market capitalization of $31.80 billion, a PE ratio of -805.56 and a beta of 0.82. The business has a fifty day moving average of $194.86 and a 200 day moving average of $186.25. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.61.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. During the same period in the prior year, the firm posted ($0.18) EPS. The firm's revenue was up 26.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Zscaler, Inc. will post -0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wedbush decreased their price objective on shares of Zscaler from $260.00 to $220.00 and set an "outperform" rating for the company in a research report on Wednesday, September 4th. Susquehanna boosted their target price on shares of Zscaler from $210.00 to $225.00 and gave the stock a "positive" rating in a research note on Tuesday, December 3rd. Stifel Nicolaus boosted their target price on shares of Zscaler from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Loop Capital cut their target price on shares of Zscaler from $200.00 to $195.00 and set a "hold" rating for the company in a research note on Tuesday, December 3rd. Finally, Robert W. Baird cut their target price 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. Eleven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, Zscaler currently has a consensus rating of "Moderate Buy" and an average price target of $224.84.

About Zscaler

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.