LMR Partners LLP Buys Shares of 10,453 Zscaler, Inc. (NASDAQ:ZS)

LMR Partners LLP bought a new stake in Zscaler, Inc. (NASDAQ:ZS) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 10,453 shares of the company’s stock, valued at approximately $1,787,000.

Several other institutional investors also recently bought and sold shares of ZS. International Assets Investment Management LLC grew its position in Zscaler by 13,498.6% in the 3rd quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock valued at $48,769,000 after acquiring an additional 283,201 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Zscaler in the 1st quarter valued at about $47,217,000. GuoLine Advisory Pte Ltd purchased a new position in shares of Zscaler in the 3rd quarter valued at about $32,660,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Zscaler in the 2nd quarter valued at about $25,287,000. Finally, Vanguard Group Inc. boosted its stake in shares of Zscaler by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 8,961,774 shares of the company’s stock valued at $1,726,307,000 after buying an additional 118,002 shares during the period. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Stock Up 0.7 %

Shares of ZS stock opened at $202.85 on Tuesday. The business’s fifty day moving average price is $183.11 and its 200 day moving average price is $182.84. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.61.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $592.90 million for the quarter, compared to analyst estimates of $567.46 million. During the same quarter in the prior year, the company posted ($0.17) earnings per share. Zscaler’s quarterly revenue was up 30.3% on a year-over-year basis. As a group, equities research analysts anticipate that Zscaler, Inc. will post -0.97 EPS for the current year.

Insiders Place Their Bets

In related news, insider Robert Schlossman sold 1,435 shares of the stock in a transaction dated 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 directly owns 105,806 shares in the company, valued at approximately $19,224,950.20. This represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew William Fraser Brown sold 8,000 shares of the 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. This trade represents a 23.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,502 shares of company stock worth $5,256,651. 19.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ZS. Robert W. Baird decreased their price objective on Zscaler from $260.00 to $225.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Barclays decreased their target price on Zscaler from $230.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, September 4th. Oppenheimer decreased their target price 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 restated a “neutral” rating and set a $190.00 target price on shares of Zscaler in a research note on Wednesday, September 4th. Finally, BTIG Research decreased their target price on Zscaler from $220.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.18.

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.