Sterling Capital Management LLC Has $301,000 Position in Zscaler, Inc. (NASDAQ:ZS)

Sterling Capital Management LLC decreased its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 93.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,668 shares of the company's stock after selling 25,820 shares during the quarter. Sterling Capital Management LLC's holdings in Zscaler were worth $301,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Zscaler during the third quarter worth about $38,000. Tidal Investments LLC increased its stake in Zscaler by 278.9% in the third quarter. Tidal Investments LLC now owns 34,098 shares of the company's stock valued at $5,829,000 after purchasing an additional 25,099 shares during the period. Versant Capital Management Inc raised its stake in shares of Zscaler by 136.8% during the fourth 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 holdings in Zscaler by 18.5% in 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 in the last quarter. Finally, Modus Advisors LLC acquired a new position in shares of Zscaler during the 4th quarter worth $36,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZS has been the topic of a number of research reports. Mizuho upped their price target on Zscaler from $210.00 to $225.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. BMO Capital Markets lifted their price target on Zscaler from $222.00 to $233.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Barclays restated an "overweight" rating on shares of Zscaler in a research report on Wednesday, March 5th. 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, Needham & Company LLC reiterated a "buy" rating and set a $240.00 price objective on shares of Zscaler in a research report on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Zscaler has an average rating of "Moderate Buy" and a consensus price target of $234.16.

Zscaler Price Performance

Shares of Zscaler stock traded up $3.28 during trading hours on Friday, hitting $213.42. The company's stock had a trading volume of 700,907 shares, compared to its average volume of 1,977,951. The stock has a 50 day moving average of $199.33 and a 200 day moving average of $197.03. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $217.84. The company has a market capitalization of $33.02 billion, a PE ratio of -853.08 and a beta of 1.12.

Insider Buying and Selling

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,155 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $429,168.25. Following the completion of the sale, the chief executive officer now owns 356,414 shares in the company, valued at $70,979,848.10. This trade represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andrew William Fraser Brown sold 10,000 shares of Zscaler stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $206.00, for a total value of $2,060,000.00. Following the transaction, the director now owns 27,216 shares of the company's stock, valued at $5,606,496. The trade was a 26.87 % decrease in their position. 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 over the last ninety days. Company insiders own 18.10% of the company's stock.

Zscaler 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.