Two Sigma Advisers LP Has $125.28 Million Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Two Sigma Advisers LP trimmed its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 54.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 732,900 shares of the company's stock after selling 873,000 shares during the period. Two Sigma Advisers LP owned approximately 0.48% of Zscaler worth $125,282,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp raised its position in shares of Zscaler by 21.6% in the 3rd quarter. Stifel Financial Corp now owns 103,201 shares of the company's stock valued at $17,641,000 after purchasing an additional 18,350 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of Zscaler by 117.5% in the third quarter. Quantinno Capital Management LP now owns 13,144 shares of the company's stock worth $2,247,000 after buying an additional 7,100 shares during the last quarter. Readystate Asset Management LP raised its holdings in Zscaler by 123.2% in the third quarter. Readystate Asset Management LP now owns 65,611 shares of the company's stock valued at $11,216,000 after acquiring an additional 36,221 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in Zscaler by 4.5% during the 3rd quarter. Motley Fool Asset Management LLC now owns 6,135 shares of the company's stock valued at $1,024,000 after acquiring an additional 262 shares during the last quarter. Finally, Insight Holdings Group LLC increased its position in shares of Zscaler by 8.7% in the 3rd quarter. Insight Holdings Group LLC now owns 10,000 shares of the company's stock worth $1,709,000 after purchasing an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company's stock.

Zscaler Stock Up 3.4 %

Zscaler stock traded up $6.93 during midday trading on Friday, hitting $212.54. The company's stock had a trading volume of 1,605,647 shares, compared to its average volume of 2,055,659. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61. The company has a market capitalization of $32.61 billion, a PE ratio of -822.44 and a beta of 0.82. The stock's 50-day moving average price is $192.67 and its 200-day moving average price is $185.44.

Zscaler (NASDAQ:ZS - Get Free Report) last announced 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. The company had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative return on equity of 0.80% and a negative net margin of 1.58%. The company's quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.18) EPS. As a group, equities analysts anticipate that Zscaler, Inc. will post -0.95 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Zscaler from $215.00 to $205.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Scotiabank lifted their target price on Zscaler from $195.00 to $205.00 and gave the stock a "sector outperform" rating in a research report on Tuesday. Susquehanna upped their price target on Zscaler from $210.00 to $225.00 and gave the company a "positive" rating in a research report on Tuesday. JMP Securities reiterated a "market outperform" rating and set a $240.00 target price (down previously from $270.00) on shares of Zscaler in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Zscaler from $220.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, November 29th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, Zscaler currently has an average rating of "Moderate Buy" and a consensus price target of $224.84.

Insider Buying and Selling

In other Zscaler news, insider Robert Schlossman sold 1,435 shares of Zscaler stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the sale, the insider now owns 105,806 shares of the company's stock, valued at $19,224,950.20. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael J. Rich sold 4,813 shares of the company's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $824,370.64. Following the completion of the transaction, the insider now directly owns 103,259 shares in the company, valued at $17,686,201.52. This trade represents a 4.45 % decrease in their ownership of the stock. 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 18.10% of the company's stock.

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.