Oak Associates Ltd. OH Has $3.03 Million Stake in Zscaler, Inc. (NASDAQ:ZS)

Oak Associates Ltd. OH grew its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 75.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,788 shares of the company's stock after acquiring an additional 7,220 shares during the period. Oak Associates Ltd. OH's holdings in Zscaler were worth $3,029,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ZS. Geode Capital Management LLC lifted its position in shares of Zscaler by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 1,658,406 shares of the company's stock worth $298,710,000 after buying an additional 32,545 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in 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 buying an additional 332,307 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Zscaler by 30.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 868,795 shares of the company's stock worth $156,739,000 after buying an additional 204,996 shares during the last quarter. DnB Asset Management AS increased its position in shares of Zscaler by 66.8% during the fourth quarter. DnB Asset Management AS now owns 667,383 shares of the company's stock valued at $120,403,000 after acquiring an additional 267,162 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Zscaler by 3.2% in 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. 46.45% of the stock is currently owned by institutional investors.

Remove Ads

Insiders Place Their Bets

In other Zscaler news, major shareholder Ajay Mangal sold 190,480 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $200.69, for a total value of $38,227,431.20. Following the sale, the insider now directly owns 2,580,210 shares in the company, valued at $517,822,344.90. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrew William Fraser Brown sold 10,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $206.00, for a total transaction of $2,060,000.00. Following the transaction, the director now directly owns 27,216 shares of the company's stock, valued at $5,606,496. This represents a 26.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 209,234 shares of company stock valued at $42,030,790 over the last 90 days. 18.10% of the stock is currently owned by company insiders.

Zscaler Trading Up 2.6 %

Zscaler stock traded up $5.20 during mid-day trading on Tuesday, hitting $204.64. 1,735,801 shares of the company's stock were exchanged, compared to its average volume of 1,977,365. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $217.84. The stock has a 50 day moving average of $200.77 and a two-hundred day moving average of $195.68. The stock has a market cap of $31.66 billion, a P/E ratio of -818.56 and a beta of 1.12.

Wall Street Analyst Weigh In

A number of brokerages have commented on ZS. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $244.00 target price on shares of Zscaler in a report on Thursday, March 6th. Wedbush raised their target price on shares of Zscaler from $230.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Cantor Fitzgerald upgraded Zscaler from a "neutral" rating to an "overweight" rating and increased their target price for the company from $220.00 to $250.00 in a research report on Thursday, April 3rd. Morgan Stanley started coverage on Zscaler in a research note on Tuesday, March 18th. They issued an "equal weight" rating for the company. Finally, Citigroup reiterated a "buy" rating and issued a $240.00 price target (up from $235.00) 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 assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.