November 10, 2019 at 2:26 pm

Sigma Planning Corp Sells 2,117 Shares of Zscaler Inc (NASDAQ:ZS)

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Sigma Planning Corp decreased its holdings in shares of Zscaler Inc (NASDAQ:ZS) by 20.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,463 shares of the company’s stock after selling 2,117 shares during the period. Sigma Planning Corp’s holdings in Zscaler were worth $400,000 at the end of the most recent quarter.

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Other large investors have also modified their holdings of the company. Nuveen Asset Management LLC acquired a new position in Zscaler during the second quarter valued at approximately $148,614,000. Vanguard Group Inc. grew its holdings in Zscaler by 16.1% during the second quarter. Vanguard Group Inc. now owns 4,739,352 shares of the company’s stock valued at $363,224,000 after purchasing an additional 655,847 shares during the period. Allianz Asset Management GmbH grew its holdings in Zscaler by 19.5% during the second quarter. Allianz Asset Management GmbH now owns 2,453,763 shares of the company’s stock valued at $188,057,000 after purchasing an additional 400,253 shares during the period. Pictet Asset Management Ltd. lifted its stake in Zscaler by 159.8% in the second quarter. Pictet Asset Management Ltd. now owns 637,700 shares of the company’s stock valued at $48,873,000 after buying an additional 392,200 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in Zscaler by 874.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 328,350 shares of the company’s stock valued at $25,165,000 after buying an additional 294,640 shares in the last quarter. Institutional investors own 33.03% of the company’s stock.

ZS has been the topic of a number of research reports. Robert W. Baird cut their price target on shares of Zscaler from $80.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. Citigroup initiated coverage on shares of Zscaler in a research note on Monday, October 14th. They issued a “neutral” rating and a $50.00 price target on the stock. Morgan Stanley cut their price target on shares of Zscaler from $47.00 to $40.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 22nd. Rosenblatt Securities reaffirmed a “hold” rating and issued a $50.00 price target on shares of Zscaler in a research note on Wednesday, September 18th. Finally, ValuEngine raised shares of Zscaler from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. Zscaler currently has a consensus rating of “Hold” and a consensus price target of $64.61.

NASDAQ ZS traded up $1.35 on Friday, hitting $43.90. 2,131,000 shares of the stock were exchanged, compared to its average volume of 2,496,264. The company has a market capitalization of $5.66 billion, a PE ratio of -365.83 and a beta of 1.14. Zscaler Inc has a 52 week low of $30.72 and a 52 week high of $89.54. The business’s fifty day moving average is $46.06 and its 200 day moving average is $67.20.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.06. The firm had revenue of $86.11 million for the quarter, compared to the consensus estimate of $82.15 million. Zscaler had a negative net margin of 9.46% and a negative return on equity of 9.46%. On average, equities analysts expect that Zscaler Inc will post -0.24 EPS for the current fiscal year.

In other news, Director Karen Blasing sold 1,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.09, for a total value of $68,090.00. Following the completion of the transaction, the director now owns 3,595 shares of the company’s stock, valued at $244,783.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amit Sinha sold 4,807 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $65.52, for a total transaction of $314,954.64. Following the completion of the transaction, the insider now directly owns 127,664 shares of the company’s stock, valued at approximately $8,364,545.28. The disclosure for this sale can be found here. Insiders have sold 22,228 shares of company stock worth $1,542,961 over the last quarter. Corporate insiders own 27.40% of the company’s stock.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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