OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 102.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,100 shares of the company's stock after purchasing an additional 4,100 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Zscaler were worth $1,461,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of ZS. Global X Japan Co. Ltd. boosted its stake in shares of Zscaler by 127.4% during the fourth 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 during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Zscaler during the 4th quarter valued at about $27,000. Colonial Trust Co SC purchased a new stake in shares of Zscaler during the 4th quarter valued at about $28,000. Stonebridge Financial Group LLC purchased a new stake in Zscaler during the 4th quarter worth approximately $29,000. Finally, Crews Bank & Trust purchased a new stake in Zscaler during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 46.45% of the company's stock.
Zscaler Stock Up 1.5%
ZS stock opened at $245.00 on Wednesday. The firm has a market cap of $37.91 billion, a PE ratio of -980.00 and a beta of 1.14. The business has a 50 day moving average of $207.39 and a 200-day moving average of $200.84. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $247.28.
Insider Activity
In other news, major shareholder Ajay Mangal sold 190,480 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $200.69, for a total value 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 $517,822,344.90. This trade represents a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew William Fraser Brown sold 10,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the director now directly owns 27,216 shares of the company's stock, valued at $5,606,496. The trade was a 26.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 209,234 shares of company stock valued at $42,030,790 over the last three months. Corporate insiders own 18.10% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented on ZS shares. JPMorgan Chase & Co. lifted their target price on Zscaler from $240.00 to $250.00 and gave the stock an "overweight" rating in a research report on Thursday, March 6th. BNP Paribas raised Zscaler from a "neutral" rating to an "outperform" rating and set a $260.00 target price on the stock in a research note on Monday, April 28th. Scotiabank reissued a "sector outperform" rating and issued a $242.00 price objective (up previously from $225.00) on shares of Zscaler in a research note on Wednesday, March 5th. Stephens began coverage on Zscaler in a research report on Tuesday, April 1st. They set an "overweight" rating and a $255.00 target price on the stock. Finally, Bank of America raised Zscaler from a "neutral" rating to a "buy" rating and upped their price target for the company from $215.00 to $240.00 in a research report on Friday, March 7th. Eight research 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $236.66.
Check Out Our Latest Stock Report on ZS
About Zscaler
(
Free Report)
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.
Further Reading
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