Zscaler, Inc. (NASDAQ:ZS) Shares Acquired by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership boosted its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 30.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 868,795 shares of the company's stock after purchasing an additional 204,996 shares during the period. Artisan Partners Limited Partnership owned about 0.57% of Zscaler worth $156,739,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Fred Alger Management LLC increased its stake in shares of Zscaler by 1,151.0% in the 3rd quarter. Fred Alger Management LLC now owns 10,371 shares of the company's stock worth $1,773,000 after purchasing an additional 9,542 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Zscaler by 11.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company's stock worth $65,036,000 after buying an additional 37,801 shares in the last quarter. Zweig DiMenna Associates LLC raised its stake in shares of Zscaler by 29.8% in the fourth quarter. Zweig DiMenna Associates LLC now owns 77,941 shares of the company's stock worth $14,061,000 after buying an additional 17,900 shares during the period. Baader Bank Aktiengesellschaft lifted its position in shares of Zscaler by 30.3% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 8,400 shares of the company's stock valued at $1,515,000 after buying an additional 1,952 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of Zscaler during the 3rd quarter valued at approximately $449,000. 46.45% of the stock is currently owned by institutional investors.

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Zscaler Price Performance

NASDAQ ZS traded down $2.31 during midday trading on Friday, hitting $207.14. 2,427,477 shares of the company traded hands, compared to its average volume of 1,897,022. The company has a market cap of $32.05 billion, a PE ratio of -828.56 and a beta of 0.88. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $217.84. The company's 50-day simple moving average is $202.08 and its 200-day simple moving average is $193.67.

Insider Buying and Selling at Zscaler

In other news, major shareholder Ajay Mangal sold 190,480 shares of the firm's stock in a transaction on 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 completion of the sale, the insider now owns 2,580,210 shares of the company's stock, valued at $517,822,344.90. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,155 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $429,168.25. Following the transaction, the chief executive officer now directly owns 356,414 shares in the company, valued at $70,979,848.10. This represents a 0.60 % 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 worth $39,970,790 over the last quarter. Insiders own 18.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ZS shares. KeyCorp raised their target price on shares of Zscaler from $245.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Wedbush raised their price objective on shares of Zscaler from $230.00 to $240.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. The Goldman Sachs Group set a $207.00 target price on shares of Zscaler and gave the stock a "neutral" rating in a report on Thursday, March 6th. Guggenheim restated a "neutral" rating on shares of Zscaler in a research report on Tuesday, December 3rd. Finally, Robert W. Baird upped their price objective on Zscaler from $240.00 to $250.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Nine analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $232.68.

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.