Zscaler, Inc. (NASDAQ:ZS) Shares Bought by Lbp Am Sa

LBP AM SA grew its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 14.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 366,978 shares of the company's stock after buying an additional 47,041 shares during the period. Zscaler accounts for about 0.9% of LBP AM SA's holdings, making the stock its 23rd biggest holding. LBP AM SA owned 0.24% of Zscaler worth $66,207,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Champlain Investment Partners LLC boosted its position in shares of Zscaler by 28.2% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company's stock valued at $220,401,000 after acquiring an additional 283,540 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Zscaler in the 4th quarter valued at about $28,072,000. Westfield Capital Management Co. LP grew its stake in shares of Zscaler by 33.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company's stock valued at $68,293,000 after buying an additional 100,814 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Zscaler by 59.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company's stock worth $34,421,000 after buying an additional 71,297 shares during the last quarter. Finally, Thematics Asset Management increased its holdings in shares of Zscaler by 88.5% during the 3rd quarter. Thematics Asset Management now owns 147,000 shares of the company's stock worth $25,128,000 after buying an additional 69,000 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

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Zscaler Stock Down 0.5 %

Shares of NASDAQ:ZS traded down $1.06 during midday trading on Tuesday, reaching $201.59. The company's stock had a trading volume of 1,610,931 shares, compared to its average volume of 1,870,261. The firm has a market cap of $31.19 billion, a price-to-earnings ratio of -806.36 and a beta of 0.88. The business has a 50 day moving average price of $198.42 and a 200 day moving average price of $191.63. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $217.84.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wedbush increased their price objective on Zscaler from $230.00 to $240.00 and gave the stock an "outperform" rating in a research report on Thursday, March 6th. JMP Securities reiterated a "market outperform" rating and set a $240.00 price target (down from $270.00) on shares of Zscaler in a report on Tuesday, December 3rd. Bank of America raised Zscaler from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $215.00 to $240.00 in a research report on Friday, March 7th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $244.00 target price on shares of Zscaler in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group set a $207.00 price target on shares of Zscaler and gave the company a "neutral" rating in a research note on Thursday, March 6th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.