BNP Paribas Boosts Holdings in Zscaler, Inc. (NASDAQ:ZS)

BNP Paribas boosted its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 1,038.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,009 shares of the company's stock after buying an additional 4,569 shares during the period. BNP Paribas' holdings in Zscaler were worth $909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ZS. Geode Capital Management LLC grew its holdings in shares of Zscaler by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 1,658,406 shares of the company's stock worth $298,710,000 after acquiring an additional 32,545 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Zscaler by 25.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company's stock worth $291,935,000 after purchasing an additional 332,307 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Zscaler by 120.1% in the fourth 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. Artisan Partners Limited Partnership boosted its holdings in shares of Zscaler by 30.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 868,795 shares of the company's stock worth $156,739,000 after buying an additional 204,996 shares during the last quarter. Finally, DnB Asset Management AS grew its holdings in Zscaler by 66.8% during the fourth quarter. DnB Asset Management AS now owns 667,383 shares of the company's stock valued at $120,403,000 after purchasing an additional 267,162 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on ZS. Wells Fargo & Company raised their price target on Zscaler from $190.00 to $210.00 and gave the company an "equal weight" rating in a report on Thursday, March 6th. Morgan Stanley dropped 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. Sanford C. Bernstein reissued an "outperform" rating and set a $244.00 price target on shares of Zscaler in a research report on Thursday, March 6th. Scotiabank reaffirmed a "sector outperform" rating and issued a $242.00 price objective (up previously from $225.00) on shares of Zscaler in a report on Wednesday, March 5th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $240.00 price target on shares of Zscaler in a research note on Wednesday, March 5th. Eight investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $236.66.

Insider Transactions at Zscaler

In other Zscaler news, Director Andrew William Fraser Brown sold 10,000 shares of the stock in a transaction 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 transaction, the director now directly owns 27,216 shares of the company's stock, valued at $5,606,496. This trade represents a 26.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Ajay Mangal sold 190,480 shares of the company's stock in a transaction that occurred on 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 sale, the insider now owns 2,580,210 shares of the company's stock, valued at $517,822,344.90. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 209,234 shares of company stock valued at $42,030,790. Corporate insiders own 18.10% of the company's stock.

Zscaler Stock Down 0.2 %

ZS stock traded down $0.39 during trading on Thursday, hitting $233.15. The company had a trading volume of 2,184,424 shares, compared to its average volume of 2,010,438. The firm has a market capitalization of $36.07 billion, a P/E ratio of -932.60 and a beta of 1.14. The company has a 50 day simple moving average of $203.96 and a 200-day simple moving average of $199.26. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $235.80.

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.