Zscaler, Inc. (NASDAQ:ZS) Stock Holdings Raised by Xponance Inc.

Xponance Inc. raised its stake in Zscaler, Inc. (NASDAQ:ZS) by 8.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,127 shares of the company’s stock after purchasing an additional 1,295 shares during the period. Xponance Inc.’s holdings in Zscaler were worth $3,090,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Zscaler by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,625,861 shares of the company’s stock valued at $277,327,000 after buying an additional 60,414 shares during the last quarter. Champlain Investment Partners LLC grew 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 buying an additional 283,540 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Zscaler by 3.2% during the 4th quarter. Bank of New York Mellon Corp now owns 539,113 shares of the company’s stock valued at $97,261,000 after buying an additional 16,742 shares during the last quarter. Westfield Capital Management Co. LP grew its position in shares of Zscaler by 33.8% during 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 last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Zscaler by 11.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock valued at $65,036,000 after buying an additional 37,801 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ZS shares. Citigroup reissued a “buy” rating and set a $240.00 target price (up from $235.00) on shares of Zscaler in a research note on Wednesday, March 5th. Needham & Company LLC reissued a “buy” rating and set a $240.00 target price on shares of Zscaler in a research note on Wednesday, March 5th. Morgan Stanley started coverage on shares of Zscaler in a research note on Tuesday. They set an “equal weight” rating for the company. KeyCorp boosted their target price on shares of Zscaler from $245.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Loop Capital reduced their target price on shares of Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a research note on Tuesday, December 3rd. Nine investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $232.68.

Zscaler Price Performance

ZS stock opened at $203.55 on Friday. 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 $199.43 and its 200-day simple moving average is $191.81. The firm has a market capitalization of $31.49 billion, a P/E ratio of -814.20 and a beta of 0.88.

Insider Activity

In other Zscaler news, insider Robert Schlossman sold 2,878 shares of the company’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 $573,153.70. Following the transaction, the insider now owns 107,587 shares in the company, valued at approximately $21,425,951.05. This represents a 2.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Remo Canessa sold 3,721 shares of the company’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 transaction of $741,037.15. Following the completion of the transaction, the chief financial officer now owns 213,702 shares in the company, valued at approximately $42,558,753.30. This represents a 1.71 % decrease in their position. 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 90 days. 18.10% of the stock is owned by company insiders.

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.