XTX Topco Ltd Reduces Stake in Zscaler, Inc. (NASDAQ:ZS)

XTX Topco Ltd lessened its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 88.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,498 shares of the company's stock after selling 11,376 shares during the quarter. XTX Topco Ltd's holdings in Zscaler were worth $270,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ZS. Geode Capital Management LLC raised its stake in shares of Zscaler by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 1,658,406 shares of the company's stock valued at $298,710,000 after acquiring an additional 32,545 shares during the period. Pictet Asset Management Holding SA increased 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 valued at $291,935,000 after purchasing an additional 332,307 shares during the last quarter. Artisan Partners Limited Partnership raised its position in Zscaler by 30.9% in the fourth 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 during the period. DnB Asset Management AS lifted its stake in Zscaler by 66.8% during the fourth quarter. DnB Asset Management AS now owns 667,383 shares of the company's stock worth $120,403,000 after purchasing an additional 267,162 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Zscaler by 3.2% during the fourth quarter. Bank of New York Mellon Corp now owns 539,113 shares of the company's stock worth $97,261,000 after buying an additional 16,742 shares during the period. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Zscaler Price Performance

Shares of NASDAQ:ZS traded up $3.50 during trading on Thursday, reaching $229.67. The company had a trading volume of 1,005,842 shares, compared to its average volume of 1,999,699. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $230.70. The stock's fifty day moving average price is $200.30 and its 200 day moving average price is $197.92. The firm has a market capitalization of $35.54 billion, a price-to-earnings ratio of -921.98 and a beta of 1.12.

Insider Activity at Zscaler

In other news, major shareholder Ajay Mangal sold 190,480 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was 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 of the company's stock, valued at approximately $517,822,344.90. This represents a 6.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Schlossman sold 2,878 shares of Zscaler 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 sale, 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 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 worth $42,030,790 in the last three months. Insiders own 18.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ZS. Cantor Fitzgerald raised Zscaler from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $220.00 to $250.00 in a research note on Thursday, April 3rd. The Goldman Sachs Group set a $207.00 target price on shares of Zscaler and gave the stock a "neutral" rating in a research note on Thursday, March 6th. Wells Fargo & Company boosted their price target on shares of Zscaler from $190.00 to $210.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. boosted their target price on Zscaler from $240.00 to $250.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. Finally, Rosenblatt Securities restated a "buy" rating and set a $235.00 target price on shares of Zscaler in a research note on Tuesday, April 15th. Eight equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $236.66.

Zscaler Company 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.