AQR Capital Management LLC Has $173.92 Million Holdings in Zscaler, Inc. (NASDAQ:ZS)

AQR Capital Management LLC raised its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 120.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 964,031 shares of the company's stock after buying an additional 525,956 shares during the period. AQR Capital Management LLC owned about 0.63% of Zscaler worth $173,921,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ZS. Global X Japan Co. Ltd. raised its stake in shares of Zscaler by 127.4% during the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company's stock valued at $25,000 after purchasing an additional 79 shares during the period. Summit Securities Group LLC acquired a new stake in Zscaler in the fourth quarter valued at $27,000. Stonebridge Financial Group LLC bought a new position in Zscaler during the 4th quarter valued at $29,000. Versant Capital Management Inc grew its holdings in Zscaler by 136.8% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $32,000 after acquiring an additional 104 shares in the last quarter. Finally, Modus Advisors LLC bought a new stake in shares of Zscaler in the 4th quarter worth about $36,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on ZS shares. Citigroup reiterated a "buy" rating and issued a $240.00 price target (up from $235.00) on shares of Zscaler in a research note on Wednesday, March 5th. Bank of America upgraded Zscaler from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $215.00 to $240.00 in a research report on Friday, March 7th. Morgan Stanley cut their target price on Zscaler from $205.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Wedbush upped their price target on shares of Zscaler from $230.00 to $240.00 and gave the stock an "outperform" rating in a research report on Thursday, March 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Zscaler from $190.00 to $210.00 and gave the company an "equal weight" rating in a research report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Zscaler currently has an average rating of "Moderate Buy" and a consensus price target of $236.66.

Insider Buying and Selling at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,155 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $429,168.25. Following the completion of the sale, the chief executive officer now directly owns 356,414 shares of the company's stock, valued at $70,979,848.10. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Ajay Mangal sold 190,480 shares of Zscaler stock in a transaction on Monday, March 17th. The shares were sold at an average price of $200.69, for a total transaction of $38,227,431.20. Following the completion of the sale, the insider now directly owns 2,580,210 shares of the company's stock, valued at approximately $517,822,344.90. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,234 shares of company stock worth $42,030,790. 18.10% of the stock is currently owned by company insiders.

Zscaler Trading Up 1.5 %

NASDAQ:ZS traded up $3.41 on Friday, hitting $230.47. 1,747,265 shares of the company's stock traded hands, compared to its average volume of 2,012,352. The firm has a 50-day moving average price of $201.65 and a 200-day moving average price of $198.42. The company has a market cap of $35.66 billion, a PE ratio of -921.88 and a beta of 1.14. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $231.93.

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.