Zscaler, Inc. (NASDAQ:ZS) Shares Bought by Bamco Inc. NY

Bamco Inc. NY increased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 43.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 143,730 shares of the company's stock after acquiring an additional 43,458 shares during the period. Bamco Inc. NY owned approximately 0.09% of Zscaler worth $25,930,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Corebridge Financial Inc. raised its position in shares of Zscaler by 0.5% in the fourth quarter. Corebridge Financial Inc. now owns 11,695 shares of the company's stock valued at $2,110,000 after buying an additional 54 shares during the last quarter. Erste Asset Management GmbH raised its position in Zscaler by 0.6% in the fourth quarter. Erste Asset Management GmbH now owns 9,780 shares of the company's stock valued at $1,805,000 after purchasing an additional 56 shares during the period. KRS Capital Management LLC lifted its stake in shares of Zscaler by 1.9% in the 4th quarter. KRS Capital Management LLC now owns 3,261 shares of the company's stock valued at $588,000 after purchasing an additional 60 shares during the last quarter. Ironwood Investment Management LLC grew its holdings in shares of Zscaler by 1.0% during the 4th quarter. Ironwood Investment Management LLC now owns 6,249 shares of the company's stock worth $1,127,000 after purchasing an additional 64 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Zscaler by 16.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the company's stock worth $88,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company's stock.

Insider Buying and Selling

In other Zscaler news, Director Andrew William Fraser Brown sold 10,000 shares of Zscaler stock in a transaction 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 transaction, the director now directly owns 27,216 shares in the company, valued at approximately $5,606,496. The trade was a 26.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Schlossman sold 2,878 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total transaction of $573,153.70. Following the sale, the insider now owns 107,587 shares of the company's stock, valued at $21,425,951.05. This trade represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 209,234 shares of company stock worth $42,030,790 in the last quarter. 18.10% of the stock is owned by insiders.

Zscaler Stock Performance

Shares of ZS stock opened at $230.47 on Monday. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $231.93. The firm has a market cap of $35.66 billion, a price-to-earnings ratio of -921.88 and a beta of 1.14. The stock's 50-day moving average is $201.65 and its two-hundred day moving average is $198.48.

Analyst Ratings Changes

ZS has been the subject of several research analyst reports. Cantor Fitzgerald raised shares of 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. BTIG Research set a $252.00 target price on shares of Zscaler and gave the company a "buy" rating in a report on Thursday, March 6th. Scotiabank reissued a "sector outperform" rating and issued a $242.00 target price (up previously from $225.00) on shares of Zscaler in a research report on Wednesday, March 5th. Bank of America upgraded Zscaler from a "neutral" rating to a "buy" rating and raised their price target for the stock from $215.00 to $240.00 in a research report on Friday, March 7th. Finally, Roth Capital began coverage on Zscaler in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Zscaler currently has an average rating of "Moderate Buy" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.