Fox Run Management L.L.C. Takes Position in Zscaler, Inc. (NASDAQ:ZS)

Fox Run Management L.L.C. bought a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 9,260 shares of the company's stock, valued at approximately $1,671,000.

Other large investors have also added to or reduced their stakes in the company. Erste Asset Management GmbH boosted its position in Zscaler by 0.6% during the 4th quarter. Erste Asset Management GmbH now owns 9,780 shares of the company's stock worth $1,805,000 after acquiring an additional 56 shares during the period. KRS Capital Management LLC raised 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 valued at $588,000 after buying an additional 60 shares during the period. Ironwood Investment Management LLC increased its stake in Zscaler by 1.0% in the 4th quarter. Ironwood Investment Management LLC now owns 6,249 shares of the company's stock valued at $1,127,000 after buying an additional 64 shares during the period. Smartleaf Asset Management LLC grew its stake in Zscaler by 16.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the company's stock valued at $88,000 after purchasing an additional 69 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Zscaler by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 448 shares of the company's stock valued at $81,000 after purchasing an additional 70 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Canaccord Genuity Group lifted their price target on Zscaler from $220.00 to $230.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Rosenblatt Securities raised Zscaler from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $190.00 to $235.00 in a report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft lifted their target price on Zscaler from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Morgan Stanley started coverage on Zscaler in a research report on Tuesday, March 18th. They set an "equal weight" rating for the company. Finally, The Goldman Sachs Group set a $207.00 target price on shares of Zscaler and gave the stock a "neutral" rating in a report on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.68.

Remove Ads

Zscaler Trading Down 1.9 %

Shares of Zscaler stock traded down $4.18 on Wednesday, hitting $211.55. The stock had a trading volume of 1,675,681 shares, compared to its average volume of 1,866,465. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $217.84. The company's 50 day moving average price is $201.26 and its 200 day moving average price is $192.96. The stock has a market cap of $32.73 billion, a price-to-earnings ratio of -846.20 and a beta of 0.88.

Insider Transactions at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,155 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total value of $429,168.25. Following the transaction, the chief executive officer now owns 356,414 shares in the company, valued at approximately $70,979,848.10. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Ajay Mangal sold 190,480 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 2,580,210 shares in the company, valued at $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 199,234 shares of company stock valued at $39,970,790 in the last ninety days. Corporate insiders own 18.10% of the company's stock.

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.