Zscaler, Inc. (NASDAQ:ZS) Holdings Increased by United Capital Management of KS Inc.

United Capital Management of KS Inc. raised its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,081 shares of the company's stock after purchasing an additional 1,325 shares during the period. United Capital Management of KS Inc.'s holdings in Zscaler were worth $5,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Global X Japan Co. Ltd. raised its stake in Zscaler by 127.4% during the fourth 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 during the fourth quarter worth approximately $29,000. Prestige Wealth Management Group LLC purchased a new position in Zscaler during the third quarter worth approximately $31,000. Versant Capital Management Inc raised its stake in Zscaler by 136.8% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $32,000 after purchasing an additional 104 shares during the period. Finally, True Wealth Design LLC raised its stake in 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 purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 46.45% of the company's stock.

Zscaler Trading Up 1.2 %

NASDAQ:ZS traded up $2.36 during mid-day trading on Wednesday, hitting $203.95. The stock had a trading volume of 1,924,510 shares, compared to its average volume of 1,867,536. The company has a 50 day simple moving average of $198.77 and a 200-day simple moving average of $191.64. The stock has a market capitalization of $31.56 billion, a price-to-earnings 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.

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Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ZS shares. Scotiabank reissued a "sector outperform" rating and issued a $242.00 price objective (up previously from $225.00) on shares of Zscaler in a research report on Wednesday, March 5th. Morgan Stanley started coverage on shares of Zscaler in a research report on Tuesday. They issued an "equal weight" rating for the company. Needham & Company LLC reissued a "buy" rating and issued a $240.00 price objective on shares of Zscaler in a research report on Wednesday, March 5th. Wells Fargo & Company increased their price objective on shares of Zscaler from $190.00 to $210.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 6th. Finally, Rosenblatt Securities raised shares of Zscaler from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $190.00 to $235.00 in a research report on Thursday, March 6th. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $233.06.

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.