Dimensional Fund Advisors LP raised its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 186,781 shares of the company's stock after acquiring an additional 12,108 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.12% of Zscaler worth $33,704,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Global X Japan Co. Ltd. grew its stake in Zscaler by 127.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company's stock worth $25,000 after buying an additional 79 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Zscaler in the 4th quarter valued at $27,000. Stonebridge Financial Group LLC acquired a new stake in Zscaler during the 4th quarter worth $29,000. Versant Capital Management Inc grew its position 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 purchasing an additional 104 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in Zscaler in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 46.45% of the company's stock.
Zscaler Price Performance
Shares of ZS stock traded up $0.61 during trading hours on Wednesday, hitting $233.71. The stock had a trading volume of 1,657,467 shares, compared to its average volume of 2,017,145. Zscaler, Inc. has a one year low of $153.45 and a one year high of $235.67. The stock has a market capitalization of $36.16 billion, a price-to-earnings ratio of -934.85 and a beta of 1.14. The stock's 50-day moving average price is $203.96 and its two-hundred day moving average price is $199.26.
Insider Activity
In other Zscaler news, major shareholder Ajay Mangal sold 190,480 shares of the company's 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 transaction, the insider now directly owns 2,580,210 shares in the company, valued at approximately $517,822,344.90. This represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Schlossman sold 2,878 shares of the firm'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 $573,153.70. Following the completion of the transaction, the insider now owns 107,587 shares in the company, valued at approximately $21,425,951.05. This trade represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,234 shares of company stock worth $42,030,790. 18.10% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
ZS has been the topic of a number of analyst reports. Roth Capital initiated coverage on shares of Zscaler in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 price objective on the stock. The Goldman Sachs Group set a $207.00 price target on shares of Zscaler and gave the stock a "neutral" rating in a report on Thursday, March 6th. BTIG Research set a $252.00 target price on Zscaler and gave the stock a "buy" rating in a research report on Thursday, March 6th. BMO Capital Markets raised their price target on Zscaler from $222.00 to $233.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. Finally, Cantor Fitzgerald raised shares of Zscaler from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $220.00 to $250.00 in a research note on Thursday, April 3rd. Eight investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Zscaler currently has an average rating of "Moderate Buy" and a consensus price target of $236.66.
View Our Latest Analysis on ZS
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.
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