Caisse DE Depot ET Placement DU Quebec lifted its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 7.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,375 shares of the company's stock after acquiring an additional 1,475 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Zscaler were worth $3,676,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZS. Wilmington Savings Fund Society FSB acquired a new position in Zscaler in the 3rd quarter valued at $38,000. Versant Capital Management Inc lifted its position in shares of 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 purchasing an additional 104 shares during the last quarter. GAMMA Investing LLC boosted its stake in Zscaler by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 448 shares of the company's stock valued at $81,000 after purchasing an additional 70 shares during the period. Everence Capital Management Inc. bought a new position in Zscaler in the 4th quarter worth approximately $565,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Zscaler by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,666 shares of the company's stock worth $1,994,000 after buying an additional 151 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.
Zscaler Trading Down 0.2 %
ZS traded down $0.39 on Thursday, reaching $233.15. The stock had a trading volume of 2,184,424 shares, compared to its average volume of 2,010,438. The firm has a 50-day moving average of $203.96 and a 200-day moving average of $199.26. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $235.80. The company has a market capitalization of $36.07 billion, a price-to-earnings ratio of -932.60 and a beta of 1.14.
Analyst Ratings Changes
A number of analysts have weighed in on ZS shares. Needham & Company LLC reissued a "buy" rating and issued a $240.00 price target on shares of Zscaler in a report on Wednesday, March 5th. Wedbush lifted their price objective on Zscaler from $230.00 to $240.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. Scotiabank restated a "sector outperform" rating and set a $242.00 target price (up previously from $225.00) on shares of Zscaler in a report on Wednesday, March 5th. Stephens began coverage on shares of Zscaler in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $255.00 target price on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of Zscaler from $230.00 to $250.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $236.66.
Check Out Our Latest Report on Zscaler
Insider Buying and Selling
In related news, insider Robert Schlossman sold 2,878 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $573,153.70. Following the transaction, the insider now owns 107,587 shares in the company, valued at $21,425,951.05. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew William Fraser Brown sold 10,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $206.00, for a total value of $2,060,000.00. Following the completion of the transaction, the director now directly owns 27,216 shares in the company, valued at $5,606,496. This represents a 26.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 209,234 shares of company stock worth $42,030,790 in the last ninety days. Company insiders own 18.10% of the company's stock.
About Zscaler
(
Free Report)
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.
Further Reading
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