Advisors Asset Management Inc. Has $698,000 Holdings in Zscaler, Inc. (NASDAQ:ZS)

Advisors Asset Management Inc. increased its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 50.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,082 shares of the company’s stock after buying an additional 1,363 shares during the period. Advisors Asset Management Inc.’s holdings in Zscaler were worth $698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZS. DekaBank Deutsche Girozentrale increased its stake in shares of Zscaler by 7.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company’s stock worth $37,495,000 after purchasing an additional 14,701 shares during the last quarter. Creative Planning increased its position in Zscaler by 7.6% during the third quarter. Creative Planning now owns 148,534 shares of the company’s stock worth $25,390,000 after buying an additional 10,551 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Zscaler in the second quarter valued at approximately $25,287,000. Strategic Advisors LLC lifted its position in shares of Zscaler by 470.0% in the third quarter. Strategic Advisors LLC now owns 8,140 shares of the company’s stock valued at $1,391,000 after buying an additional 6,712 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Zscaler by 1,786.5% during the 3rd quarter. Van ECK Associates Corp now owns 15,073 shares of the company’s stock worth $2,728,000 after acquiring an additional 14,274 shares during the period. 46.45% of the stock is owned by institutional investors.

Insider Activity

In other Zscaler news, insider Michael J. Rich sold 4,813 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was 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 in the company, valued at approximately $17,686,201.52. The trade was a 4.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrew William Fraser Brown sold 8,000 shares of the firm’s 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 of the company’s stock, 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. Insiders sold 30,502 shares of company stock valued at $5,256,651 over the last quarter. 19.20% of the stock is owned by company insiders.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $210.30 on Wednesday. Zscaler, Inc. has a one year low of $153.45 and a one year high of $259.61. The company has a market cap of $32.07 billion, a price-to-earnings ratio of -525.75 and a beta of 0.82. The firm has a 50 day simple moving average of $187.27 and a 200 day simple moving average of $183.96.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $592.90 million for the quarter, compared to the consensus estimate of $567.46 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. Zscaler’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.17) EPS. As a group, analysts expect that Zscaler, Inc. will post -0.95 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $270.00 price target on shares of Zscaler in a report on Monday, November 4th. BMO Capital Markets reduced their target price on shares of Zscaler from $208.00 to $197.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Rosenblatt Securities reiterated a “neutral” rating and issued a $190.00 price target on shares of Zscaler in a research note on Wednesday, September 4th. Oppenheimer cut their price objective on shares of Zscaler from $260.00 to $230.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Finally, Morgan Stanley increased their target price on Zscaler from $202.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Monday, August 26th. Ten research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and a consensus price target of $219.32.

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.