Skandinaviska Enskilda Banken AB publ Has $8.36 Million Stake in Zscaler, Inc. (NASDAQ:ZS)

Skandinaviska Enskilda Banken AB publ lowered its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,671 shares of the company's stock after selling 1,851 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Zscaler were worth $8,363,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Erste Asset Management GmbH lifted its holdings 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 buying an additional 56 shares in the last quarter. KRS Capital Management LLC increased its position in Zscaler by 1.9% in the fourth quarter. KRS Capital Management LLC now owns 3,261 shares of the company's stock worth $588,000 after purchasing an additional 60 shares during the period. Smartleaf Asset Management LLC lifted its position in Zscaler by 16.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the company's stock valued at $88,000 after purchasing an additional 69 shares during the period. GAMMA Investing LLC lifted its stake in shares of Zscaler by 18.5% in 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 during the period. Finally, Avior Wealth Management LLC increased its stake in shares of Zscaler by 50.7% in the 4th quarter. Avior Wealth Management LLC now owns 214 shares of the company's stock valued at $39,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Zscaler from $222.00 to $233.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Rosenblatt Securities raised Zscaler from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $190.00 to $235.00 in a research report on Thursday, March 6th. Mizuho lifted their target price on Zscaler from $210.00 to $225.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Robert W. Baird increased their target price on shares of Zscaler from $240.00 to $250.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Finally, Loop Capital lowered their target price on Zscaler from $200.00 to $195.00 and set a "hold" rating on the stock in a research report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $233.06.

Zscaler Stock Up 1.2 %

Shares of NASDAQ:ZS traded up $2.36 during trading on Wednesday, reaching $203.95. 1,923,981 shares of the company traded hands, compared to its average volume of 1,867,535. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $217.84. The firm has a market capitalization of $31.56 billion, a PE ratio of -815.80 and a beta of 0.88. The company's 50 day moving average is $198.77 and its two-hundred day moving average is $191.64.

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.