Oxford Asset Management LLP Makes New $384,000 Investment in Zscaler, Inc. (NASDAQ:ZS)

Oxford Asset Management LLP purchased a new stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,130 shares of the company's stock, valued at approximately $384,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Zscaler during the 3rd quarter valued at approximately $38,000. Tidal Investments LLC lifted its holdings in shares of Zscaler by 278.9% during the third quarter. Tidal Investments LLC now owns 34,098 shares of the company's stock worth $5,829,000 after buying an additional 25,099 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $32,000 after acquiring an additional 104 shares during the period. GAMMA Investing LLC grew its stake in shares of Zscaler by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 448 shares of the company's stock worth $81,000 after acquiring an additional 70 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in Zscaler during the fourth quarter worth $36,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ZS shares. Scotiabank reissued a "sector outperform" rating and issued a $242.00 price target (up from $225.00) on shares of Zscaler in a report on Wednesday, March 5th. Mizuho increased their target price on shares of Zscaler from $210.00 to $225.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Morgan Stanley lowered their price target on Zscaler from $205.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Wells Fargo & Company raised their price objective on Zscaler from $190.00 to $210.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 6th. Finally, Royal Bank of Canada lifted their price objective on Zscaler from $230.00 to $250.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $234.16.

Zscaler Trading Up 2.6 %

Shares of ZS stock opened at $215.58 on Friday. The firm has a market capitalization of $33.36 billion, a price-to-earnings ratio of -862.32 and a beta of 1.12. The firm's 50 day moving average is $199.30 and its 200-day moving average is $197.37. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $217.84.

Insiders Place Their Bets

In related news, major shareholder Ajay Mangal sold 190,480 shares of the business's stock in a transaction that occurred on 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 sale, the insider now directly owns 2,580,210 shares of the company's stock, valued at $517,822,344.90. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,155 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $429,168.25. Following the completion of the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 209,234 shares of company stock valued at $42,030,790. 18.10% of the stock is currently owned by corporate insiders.

About Zscaler

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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