OMERS ADMINISTRATION Corp Sells 3,875 Shares of Zscaler, Inc. (NASDAQ:ZS)

OMERS ADMINISTRATION Corp decreased its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 26.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,952 shares of the company's stock after selling 3,875 shares during the period. OMERS ADMINISTRATION Corp's holdings in Zscaler were worth $1,976,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of Zscaler by 120.1% in the fourth quarter. AQR Capital Management LLC now owns 964,031 shares of the company's stock valued at $173,921,000 after buying an additional 525,956 shares during the period. Natixis bought a new stake in shares of Zscaler during the 4th quarter valued at $87,775,000. Greenvale Capital LLP acquired a new stake in shares of Zscaler during the 4th quarter worth $72,164,000. Pictet Asset Management Holding SA increased its position in shares of Zscaler by 25.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company's stock worth $291,935,000 after purchasing an additional 332,307 shares during the period. Finally, DnB Asset Management AS raised its stake in Zscaler by 66.8% in the fourth quarter. DnB Asset Management AS now owns 667,383 shares of the company's stock valued at $120,403,000 after purchasing an additional 267,162 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Zscaler Trading Up 0.4%

NASDAQ ZS traded up $1.07 on Monday, hitting $252.57. 2,046,840 shares of the company were exchanged, compared to its average volume of 2,044,854. The stock has a fifty day moving average of $210.17 and a 200-day moving average of $202.23. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $253.75. The company has a market cap of $39.08 billion, a PE ratio of -1,010.28 and a beta of 1.14.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ZS. Citigroup reiterated a "buy" rating and issued a $240.00 target price (up previously from $235.00) on shares of Zscaler in a research report on Wednesday, March 5th. BTIG Research set a $252.00 price objective on shares of Zscaler and gave the stock a "buy" rating in a research report on Thursday, March 6th. Rosenblatt Securities restated a "buy" rating and issued a $235.00 target price on shares of Zscaler in a research report on Tuesday, April 15th. Wedbush upped their price target on shares of Zscaler from $230.00 to $240.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Finally, Robert W. Baird raised their price objective on Zscaler from $240.00 to $250.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. 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 company's stock. According to data from MarketBeat, Zscaler currently has a consensus rating of "Moderate Buy" and an average target price of $238.53.

Insider Activity

In other news, insider Robert Schlossman sold 2,878 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $573,153.70. Following the completion of the sale, the insider now directly owns 107,587 shares of the company's stock, valued at $21,425,951.05. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Ajay Mangal sold 190,480 shares of the firm'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 completion of the transaction, the insider now directly owns 2,580,210 shares in the company, valued at approximately $517,822,344.90. The trade was a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 209,234 shares of company stock worth $42,030,790 over the last quarter. 18.10% of the stock is currently owned by corporate insiders.

Zscaler 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.