10,300 Shares in Zscaler, Inc. (NASDAQ:ZS) Acquired by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,300 shares of the company's stock, valued at approximately $1,858,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZS. AQR Capital Management LLC lifted its position in Zscaler by 120.1% during the 4th quarter. AQR Capital Management LLC now owns 964,031 shares of the company's stock worth $173,921,000 after acquiring an additional 525,956 shares during the period. Natixis acquired a new position in Zscaler in the 4th quarter valued at $87,775,000. Pictet Asset Management Holding SA lifted its stake in shares of Zscaler by 25.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company's stock worth $291,935,000 after acquiring an additional 332,307 shares during the period. DnB Asset Management AS lifted its stake in shares of Zscaler by 66.8% in the 4th quarter. DnB Asset Management AS now owns 667,383 shares of the company's stock worth $120,403,000 after acquiring an additional 267,162 shares during the period. Finally, Artisan Partners Limited Partnership raised its holdings in Zscaler by 30.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 868,795 shares of the company's stock worth $156,739,000 after purchasing an additional 204,996 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Price Performance

Shares of NASDAQ:ZS traded up $0.12 during midday trading on Tuesday, reaching $233.10. The company had a trading volume of 1,991,510 shares, compared to its average volume of 2,015,921. The stock has a market capitalization of $36.07 billion, a P/E ratio of -932.40 and a beta of 1.14. Zscaler, Inc. has a one year low of $153.45 and a one year high of $235.67. The stock's fifty day moving average price is $202.39 and its 200-day moving average price is $198.78.

Insider Activity at Zscaler

In other news, Director Andrew William Fraser Brown sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $206.00, for a total transaction of $2,060,000.00. Following the sale, the director now owns 27,216 shares in the company, valued at $5,606,496. The trade was a 26.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ajay Mangal sold 190,480 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $200.69, for a total value of $38,227,431.20. Following the completion of the transaction, the insider now owns 2,580,210 shares in the company, valued at $517,822,344.90. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 209,234 shares of company stock worth $42,030,790 in the last 90 days. 18.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays reissued an "overweight" rating on shares of Zscaler in a research note on Wednesday, March 5th. Wedbush boosted their target price 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. The Goldman Sachs Group set a $207.00 price target on shares of Zscaler and gave the company a "neutral" rating in a report on Thursday, March 6th. Robert W. Baird boosted their price objective on shares of Zscaler from $240.00 to $250.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Finally, UBS Group increased their target price on shares of Zscaler from $250.00 to $260.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $236.66.

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.