1,496 Shares in Zscaler, Inc. (NASDAQ:ZS) Acquired by Poinciana Advisors Group LLC

Poinciana Advisors Group LLC purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,496 shares of the company's stock, valued at approximately $270,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZS. Global X Japan Co. Ltd. grew its stake in shares of Zscaler by 127.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company's stock worth $25,000 after purchasing an additional 79 shares during the period. Stonebridge Financial Group LLC purchased a new position in Zscaler in the fourth quarter valued at approximately $29,000. Prestige Wealth Management Group LLC purchased a new position in Zscaler in the third quarter valued at approximately $31,000. Versant Capital Management Inc grew its position in 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 in the last quarter. Finally, True Wealth Design LLC grew its position in shares of Zscaler by 18,500.0% during the third quarter. True Wealth Design LLC now owns 186 shares of the company's stock worth $32,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ZS. Canaccord Genuity Group boosted their price target on shares of Zscaler from $220.00 to $230.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. 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. Loop Capital dropped their target price on Zscaler from $200.00 to $195.00 and set a "hold" rating on the stock in a report on Tuesday, December 3rd. JPMorgan Chase & Co. increased their price objective on Zscaler from $240.00 to $250.00 and gave the stock an "overweight" rating in a report on Thursday, March 6th. Finally, Bank of America raised Zscaler from a "neutral" rating to a "buy" rating and upped their target price for the stock from $215.00 to $240.00 in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $233.06.

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Zscaler Stock Performance

Shares of Zscaler stock traded up $2.36 during midday trading on Wednesday, hitting $203.95. The company had a trading volume of 1,924,510 shares, compared to its average volume of 1,867,536. The company has a 50 day moving average of $198.77 and a 200 day moving average of $191.64. The stock has a market capitalization of $31.56 billion, a P/E ratio of -815.80 and a beta of 0.88. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $217.84.

Zscaler Company 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.