Stifel Financial Corp Has $20.33 Million Position in Zscaler, Inc. (NASDAQ:ZS)

Stifel Financial Corp raised its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,665 shares of the company's stock after purchasing an additional 9,464 shares during the period. Stifel Financial Corp owned 0.07% of Zscaler worth $20,326,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Zscaler by 2.0% in the fourth 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 in the last quarter. Pictet Asset Management Holding SA grew its holdings in Zscaler by 25.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company's stock worth $291,935,000 after buying an additional 332,307 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in Zscaler by 30.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 868,795 shares of the company's stock valued at $156,739,000 after purchasing an additional 204,996 shares in the last quarter. DnB Asset Management AS boosted its stake in shares of Zscaler by 66.8% during the 4th quarter. DnB Asset Management AS now owns 667,383 shares of the company's stock worth $120,403,000 after acquiring an additional 267,162 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Zscaler by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 539,113 shares of the company's stock valued at $97,261,000 after buying an additional 16,742 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Price Performance

NASDAQ:ZS traded up $2.27 during mid-day trading on Thursday, hitting $228.44. 1,240,864 shares of the company's stock were exchanged, compared to its average volume of 2,000,399. The company has a market cap of $35.35 billion, a PE ratio of -915.20 and a beta of 1.12. Zscaler, Inc. has a one year low of $153.45 and a one year high of $230.70. The business has a fifty day moving average price of $200.30 and a 200 day moving average price of $197.92.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Needham & Company LLC restated a "buy" rating and issued a $240.00 target price on shares of Zscaler in a research note on Wednesday, March 5th. BTIG Research set a $252.00 target price on shares of Zscaler and gave the stock a "buy" rating in a report on Thursday, March 6th. Scotiabank reiterated a "sector outperform" rating and issued a $242.00 price target (up previously from $225.00) on shares of Zscaler in a research note on Wednesday, March 5th. Rosenblatt Securities reaffirmed a "buy" rating and set a $235.00 target price on shares of Zscaler in a report on Tuesday, April 15th. Finally, The Goldman Sachs Group set a $207.00 target price on Zscaler and gave the stock a "neutral" rating in a research note on Thursday, March 6th. Eight 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. Based on data from MarketBeat.com, Zscaler presently has an average rating of "Moderate Buy" and a consensus target price of $236.66.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 2,878 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was 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 directly owns 107,587 shares of the company's stock, valued at approximately $21,425,951.05. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew William Fraser Brown sold 10,000 shares of the business's stock in a transaction that occurred on 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 sale, the director now 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 disclosure for this sale can be found here. Insiders have sold a total of 209,234 shares of company stock valued at $42,030,790 over the last ninety days. 18.10% of the stock is currently owned by company insiders.

About Zscaler

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.