Metis Global Partners LLC acquired a new stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,269 shares of the company's stock, valued at approximately $229,000.
Several other institutional investors and hedge funds have also recently modified their holdings of ZS. Fisher Asset Management LLC boosted its stake in shares of Zscaler by 137.2% in the 4th quarter. Fisher Asset Management LLC now owns 56,300 shares of the company's stock valued at $10,157,000 after buying an additional 32,567 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Zscaler in the 4th quarter valued at about $5,305,000. Mn Services Vermogensbeheer B.V. lifted its position in shares of Zscaler by 2.0% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 35,000 shares of the company's stock worth $6,314,000 after buying an additional 700 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Zscaler by 3.2% during the fourth quarter. Bank of New York Mellon Corp now owns 539,113 shares of the company's stock worth $97,261,000 after purchasing an additional 16,742 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Zscaler by 13.8% during the fourth quarter. IFP Advisors Inc now owns 1,007 shares of the company's stock worth $182,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on ZS shares. The Goldman Sachs Group set a $207.00 price objective on shares of Zscaler and gave the stock a "neutral" rating in a research report on Thursday. UBS Group upped their price objective on Zscaler from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Thursday. 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. Stifel Nicolaus upped their price target on Zscaler from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, Oppenheimer increased their price target on Zscaler from $230.00 to $250.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, Zscaler has a consensus rating of "Moderate Buy" and a consensus target price of $233.88.
Check Out Our Latest Report on Zscaler
Insider Transactions at Zscaler
In related news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $573,516.16. Following the completion of the sale, the chief executive officer now directly owns 358,569 shares in the company, valued at approximately $71,828,542.08. This represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Syam Nair sold 3,682 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the transaction, the insider now owns 142,866 shares in the company, valued at approximately $28,618,917.12. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,248 shares of company stock worth $2,052,879. 18.10% of the stock is currently owned by company insiders.
Zscaler Price Performance
NASDAQ:ZS traded down $14.07 during trading hours on Monday, reaching $194.69. 3,054,457 shares of the company were exchanged, compared to its average volume of 1,868,910. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $217.84. The firm has a market cap of $29.87 billion, a price-to-earnings ratio of -778.76 and a beta of 0.88. The stock has a 50 day simple moving average of $196.78 and a 200 day simple moving average of $191.64.
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.
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