CANADA LIFE ASSURANCE Co Acquires 6,640 Shares of Zscaler, Inc. (NASDAQ:ZS)

CANADA LIFE ASSURANCE Co raised its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,215 shares of the company's stock after purchasing an additional 6,640 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.10% of Zscaler worth $27,272,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Zweig DiMenna Associates LLC raised its holdings 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 valued at $14,061,000 after purchasing an additional 17,900 shares during the last quarter. Baader Bank Aktiengesellschaft grew its position in Zscaler by 30.3% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 8,400 shares of the company's stock worth $1,515,000 after purchasing an additional 1,952 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Zscaler in the 4th quarter valued at about $565,000. SYM FINANCIAL Corp bought a new position in shares of Zscaler during the 4th quarter worth approximately $303,000. Finally, Merit Financial Group LLC purchased a new position in shares of Zscaler in the 4th quarter worth approximately $787,000. 46.45% of the stock is owned by institutional investors.

Zscaler Stock Performance

Shares of NASDAQ:ZS traded up $9.55 during trading on Thursday, reaching $210.14. 2,641,203 shares of the stock traded hands, compared to its average volume of 2,063,691. The stock has a market cap of $32.51 billion, a P/E ratio of -840.56 and a beta of 1.12. The stock has a 50-day moving average of $199.38 and a two-hundred day moving average of $196.76. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $217.84.

Analyst Ratings Changes

A number of brokerages recently commented on ZS. Bank of America upgraded Zscaler from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $215.00 to $240.00 in a report on Friday, March 7th. Roth Capital started coverage on shares of Zscaler in a research note on Wednesday. They issued a "neutral" rating and a $215.00 target price on the stock. The Goldman Sachs Group set a $207.00 price target on shares of Zscaler and gave the stock a "neutral" rating in a research note on Thursday, March 6th. Jefferies Financial Group lowered their price objective on Zscaler from $245.00 to $240.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $244.00 target price on shares of Zscaler in a research report on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $234.16.

Insiders Place Their Bets

In other Zscaler news, CFO Remo Canessa sold 3,721 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total value of $741,037.15. Following the transaction, the chief financial officer now owns 213,702 shares of the company's stock, valued at approximately $42,558,753.30. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew William Fraser Brown sold 10,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $206.00, for a total value of $2,060,000.00. Following the sale, the director now owns 27,216 shares of the company's stock, valued at approximately $5,606,496. This represents a 26.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,234 shares of company stock valued at $42,030,790. Corporate insiders own 18.10% of the company's stock.

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.