Vestor Capital LLC Takes $2.50 Million Position in Zscaler, Inc. (NASDAQ:ZS)

Vestor Capital LLC purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,877 shares of the company's stock, valued at approximately $2,504,000.

Other large investors have also added to or reduced their stakes in the company. Global X Japan Co. Ltd. lifted its position in Zscaler by 127.4% in the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company's stock worth $25,000 after buying an additional 79 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Zscaler in the fourth quarter valued at $29,000. Prestige Wealth Management Group LLC purchased a new position in shares of Zscaler during the 3rd quarter worth about $31,000. True Wealth Design LLC grew its holdings in Zscaler by 18,500.0% during the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company's stock valued at $32,000 after purchasing an additional 185 shares during the last quarter. Finally, Versant Capital Management Inc raised its position 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 purchasing an additional 104 shares during the period. Institutional investors own 46.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. The Goldman Sachs Group set a $207.00 target price on Zscaler and gave the company a "neutral" rating in a research note on Thursday, March 6th. Canaccord Genuity Group increased their target price on Zscaler from $220.00 to $230.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Guggenheim reissued a "neutral" rating on shares of Zscaler in a research note on Tuesday, December 3rd. Bank of America raised shares of Zscaler from a "neutral" rating to a "buy" rating and raised their price target for the stock from $215.00 to $240.00 in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Zscaler from $240.00 to $250.00 and gave the company an "overweight" rating in a research report 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.68.

Remove Ads

Zscaler Trading Down 1.9 %

ZS traded down $4.18 during midday trading on Wednesday, hitting $211.55. 1,675,681 shares of the company were exchanged, compared to its average volume of 1,866,465. The company's 50 day simple moving average is $201.26 and its 200 day simple moving average is $192.96. The firm has a market capitalization of $32.73 billion, a price-to-earnings ratio of -846.20 and a beta of 0.88. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $217.84.

Insider Transactions at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,155 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total transaction of $429,168.25. Following the transaction, the chief executive officer now owns 356,414 shares in the company, valued at approximately $70,979,848.10. This represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Remo Canessa sold 3,721 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $741,037.15. Following the completion of the sale, the chief financial officer now owns 213,702 shares of the company's stock, valued at $42,558,753.30. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 199,234 shares of company stock valued at $39,970,790 in the last 90 days. 18.10% of the stock is currently owned by company insiders.

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.