Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 258,500 shares of the company's stock after selling 10,700 shares during the quarter. Swiss National Bank owned about 0.17% of Zscaler worth $46,636,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in Zscaler by 3.9% during the third quarter. Geode Capital Management LLC now owns 1,625,861 shares of the company's stock valued at $277,327,000 after acquiring an additional 60,414 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in Zscaler by 28.2% in the third quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company's stock valued at $220,401,000 after purchasing an additional 283,540 shares during the period. Bank of New York Mellon Corp grew 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 valued at $97,261,000 after purchasing an additional 16,742 shares during the period. Westfield Capital Management Co. LP grew its holdings in Zscaler by 33.8% in the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company's stock valued at $68,293,000 after purchasing an additional 100,814 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Zscaler by 11.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company's stock valued at $65,036,000 after purchasing an additional 37,801 shares during the period. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, major shareholder Ajay Mangal sold 190,480 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $200.69, for a total transaction of $38,227,431.20. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 18.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on ZS shares. JPMorgan Chase & Co. raised their price objective on Zscaler from $240.00 to $250.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. Robert W. Baird lifted their price target on Zscaler from $240.00 to $250.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Barclays reaffirmed an "overweight" rating on shares of Zscaler in a research note on Wednesday, March 5th. UBS Group lifted their price target on Zscaler from $250.00 to $260.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Finally, BMO Capital Markets lifted their price target on Zscaler from $222.00 to $233.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, Zscaler has an average rating of "Moderate Buy" and an average price target of $232.68.

Zscaler Price Performance

Shares of ZS stock traded down $0.40 on Thursday, hitting $203.55. The stock had a trading volume of 951,120 shares, compared to its average volume of 1,861,259. The firm has a market capitalization of $31.49 billion, a P/E ratio of -814.20 and a beta of 0.88. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $217.84. The company's 50 day moving average price is $199.11 and its 200-day moving average price is $191.72.

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.