Thematics Asset Management Has $29.23 Million Stake in Zscaler, Inc. (NASDAQ:ZS)

Thematics Asset Management raised its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 162,000 shares of the company's stock after acquiring an additional 15,000 shares during the period. Zscaler makes up 1.3% of Thematics Asset Management's portfolio, making the stock its 22nd biggest position. Thematics Asset Management owned about 0.11% of Zscaler worth $29,226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in Zscaler in the third quarter valued at about $38,000. Tidal Investments LLC lifted its position in Zscaler by 278.9% during the 3rd quarter. Tidal Investments LLC now owns 34,098 shares of the company's stock worth $5,829,000 after acquiring an additional 25,099 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Zscaler by 136.8% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $32,000 after acquiring an additional 104 shares during the period. GAMMA Investing LLC grew its position in Zscaler by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 448 shares of the company's stock valued at $81,000 after acquiring an additional 70 shares in the last quarter. Finally, Modus Advisors LLC purchased a new stake in shares of Zscaler during the fourth quarter valued at approximately $36,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZS has been the subject of a number of recent analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $235.00 price target on shares of Zscaler in a report on Tuesday, April 15th. Mizuho lifted their target price on Zscaler from $210.00 to $225.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Barclays reissued an "overweight" rating on shares of Zscaler in a report on Wednesday, March 5th. Citigroup restated a "buy" rating and set a $240.00 price objective (up previously from $235.00) on shares of Zscaler in a research note on Wednesday, March 5th. Finally, Wedbush increased their target price on Zscaler from $230.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $234.16.

Insider Transactions at Zscaler

In other news, Director Andrew William Fraser Brown sold 10,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $206.00, for a total transaction of $2,060,000.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Ajay Mangal sold 190,480 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $200.69, for a total value of $38,227,431.20. Following the sale, the insider now owns 2,580,210 shares in the company, valued at approximately $517,822,344.90. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,234 shares of company stock valued at $42,030,790. Corporate insiders own 18.10% of the company's stock.

Zscaler Trading Up 4.8 %

NASDAQ:ZS traded up $9.55 during midday trading on Thursday, hitting $210.14. 2,641,575 shares of the stock were exchanged, compared to its average volume of 1,980,531. The business has a 50-day moving average price of $199.38 and a two-hundred day moving average price of $196.76. The company has a market capitalization of $32.51 billion, a price-to-earnings ratio of -840.56 and a beta of 1.12. Zscaler, Inc. has a one year low of $153.45 and a one year high of $217.84.

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.