LA Financiere DE L Echiquier Trims Holdings in Zscaler, Inc. (NASDAQ:ZS)

LA Financiere DE L Echiquier cut its stake in Zscaler, Inc. (NASDAQ:ZS – Get Rating) by 6.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 197,052 shares of the company’s stock after selling 12,488 shares during the quarter. Zscaler comprises about 2.1% of LA Financiere DE L Echiquier’s holdings, making the stock its 15th largest position. LA Financiere DE L Echiquier owned 0.14% of Zscaler worth $32,390,000 as of its most recent filing with the SEC.

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Several other hedge funds also recently made changes to their positions in the stock. Daiwa Securities Group Inc. grew its position in shares of Zscaler by 6.6% in the third quarter. Daiwa Securities Group Inc. now owns 9,923 shares of the company’s stock valued at $1,631,000 after purchasing an additional 611 shares in the last quarter. Clear Street Markets LLC purchased a new position in Zscaler during the third quarter worth about $58,000. Los Angeles Capital Management LLC grew its position in Zscaler by 331.4% during the third quarter. Los Angeles Capital Management LLC now owns 27,827 shares of the company’s stock worth $4,574,000 after buying an additional 21,377 shares in the last quarter. Avantax Advisory Services Inc. grew its position in Zscaler by 4.7% during the third quarter. Avantax Advisory Services Inc. now owns 5,319 shares of the company’s stock worth $874,000 after buying an additional 241 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its position in Zscaler by 10.3% during the third quarter. Kestra Advisory Services LLC now owns 23,603 shares of the company’s stock worth $3,880,000 after buying an additional 2,208 shares in the last quarter. 45.33% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zscaler news, COO Dali Rajic sold 7,113 shares of the company’s stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $114.14, for a total transaction of $811,877.82. Following the transaction, the chief operating officer now owns 296,820 shares in the…