Integrated Wealth Concepts LLC bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,200 shares of the company's stock, valued at approximately $216,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of 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 purchasing an additional 79 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Zscaler during the fourth quarter worth about $27,000. Stonebridge Financial Group LLC purchased a new stake in shares of Zscaler during the fourth quarter worth approximately $29,000. Versant Capital Management Inc raised its holdings in shares of Zscaler by 136.8% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $32,000 after purchasing an additional 104 shares in the last quarter. Finally, Crews Bank & Trust purchased a new stake in Zscaler during the 4th quarter worth about $36,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, Director Andrew William Fraser Brown sold 10,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $206.00, for a total transaction of $2,060,000.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Ajay Mangal sold 190,480 shares of Zscaler 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 directly owns 2,580,210 shares of the company's stock, valued at $517,822,344.90. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 209,234 shares of company stock valued at $42,030,790 over the last quarter. Insiders own 18.10% of the company's stock.
Zscaler Stock Down 0.0 %
Shares of ZS traded down $0.09 during trading hours on Friday, reaching $233.06. The company's stock had a trading volume of 2,579,581 shares, compared to its average volume of 2,012,709. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $235.67. The firm has a market cap of $36.06 billion, a price-to-earnings ratio of -932.24 and a beta of 1.14. The company has a 50 day moving average of $204.85 and a two-hundred day moving average of $199.57.
Analyst Ratings Changes
Several equities analysts have issued reports on the company. Morgan Stanley dropped their price objective on Zscaler from $205.00 to $200.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Needham & Company LLC reiterated a "buy" rating and issued a $240.00 price objective on shares of Zscaler in a research note on Wednesday, March 5th. JPMorgan Chase & Co. upped their target price on Zscaler from $240.00 to $250.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. The Goldman Sachs Group set a $207.00 price objective on Zscaler and gave the stock a "neutral" rating in a research report on Thursday, March 6th. Finally, Citigroup reaffirmed a "buy" rating and set a $240.00 price target (up from $235.00) on shares of Zscaler in a research note on Wednesday, March 5th. Eight 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $236.66.
Check Out Our Latest Analysis on ZS
Zscaler Profile
(
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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