APG Asset Management N.V. Buys 46,139 Shares of Zscaler, Inc. (NASDAQ:ZS)

APG Asset Management N.V. increased its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 411.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,357 shares of the company's stock after purchasing an additional 46,139 shares during the period. APG Asset Management N.V.'s holdings in Zscaler were worth $9,993,000 at the end of the most recent quarter.

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

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Insider Buying and Selling at Zscaler

In other news, Director Andrew William Fraser Brown sold 10,000 shares of Zscaler stock in a transaction that occurred 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 completion of the transaction, the director now 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 legal filing with the SEC, which is accessible through this link. Also, insider Robert Schlossman sold 2,878 shares of the firm's stock in a transaction 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 of the company's stock, 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 sold a total of 209,234 shares of company stock valued at $42,030,790 in the last quarter. Corporate insiders own 18.10% of the company's stock.

Zscaler Stock Up 2.6 %

NASDAQ ZS traded up $5.17 during midday trading on Tuesday, hitting $204.61. The company had a trading volume of 1,240,081 shares, compared to its average volume of 1,977,152. The firm has a fifty day simple moving average of $200.77 and a two-hundred day simple moving average of $195.68. The stock has a market cap of $31.66 billion, a price-to-earnings ratio of -818.45 and a beta of 1.12. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $217.84.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of Zscaler from $245.00 to $240.00 and set a "buy" rating for the company in a research note on Monday, March 31st. BMO Capital Markets raised their price target on shares of Zscaler from $222.00 to $233.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. boosted their price objective on shares of Zscaler from $240.00 to $250.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. BTIG Research set a $252.00 target price on shares of Zscaler and gave the stock a "buy" rating in a research note on Thursday, March 6th. Finally, Scotiabank restated a "sector outperform" rating and set a $242.00 price objective (up previously from $225.00) on shares of Zscaler in a report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $234.94.

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.