Thematics Asset Management Has $29.23 Million Stake in Zscaler, Inc. (NASDAQ:ZS)

Thematics Asset Management grew its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 10.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,000 shares of the company's stock after purchasing an additional 15,000 shares during the period. Zscaler comprises 1.3% of Thematics Asset Management's portfolio, making the stock its 22nd largest holding. Thematics Asset Management owned about 0.11% of Zscaler worth $29,226,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ZS. Global X Japan Co. Ltd. raised its stake in shares of Zscaler by 127.4% in the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company's stock valued at $25,000 after acquiring an additional 79 shares in the last quarter. Summit Securities Group LLC bought a new position in Zscaler in the 4th quarter worth $27,000. Stonebridge Financial Group LLC bought a new stake in Zscaler during the fourth quarter valued at about $29,000. Versant Capital Management Inc increased its stake in shares of Zscaler by 136.8% in 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 period. Finally, Modus Advisors LLC bought a new position in Zscaler in the 4th quarter worth approximately $36,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zscaler

In other Zscaler news, major shareholder Ajay Mangal sold 190,480 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 2,580,210 shares of the company's stock, valued at $517,822,344.90. The trade was a 6.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jagtar Singh Chaudhry sold 2,155 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 356,414 shares of the company's stock, valued at $70,979,848.10. The trade was a 0.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 209,234 shares of company stock valued at $42,030,790. 18.10% of the stock is owned by corporate insiders.

Zscaler Stock Performance

ZS stock traded up $6.16 during mid-day trading on Friday, hitting $216.30. 1,670,521 shares of the company were exchanged, compared to its average volume of 1,982,039. The firm has a market cap of $33.47 billion, a P/E ratio of -866.82 and a beta of 1.12. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $217.84. The firm's 50 day simple moving average is $199.33 and its 200 day simple moving average is $197.03.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ZS shares. Wedbush increased their price objective on shares of Zscaler from $230.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. BTIG Research set a $252.00 target price on Zscaler and gave the stock a "buy" rating in a report on Thursday, March 6th. Morgan Stanley reduced their target price on shares of Zscaler from $205.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Sanford C. Bernstein restated an "outperform" rating and issued a $244.00 price target on shares of Zscaler in a research report on Thursday, March 6th. Finally, Cantor Fitzgerald upgraded shares of Zscaler from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $220.00 to $250.00 in a research note on Thursday, April 3rd. Nine analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $234.16.

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.