Trexquant Investment LP Has $15.54 Million Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Trexquant Investment LP lifted its holdings in Zscaler, Inc. (NASDAQ:ZS) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,158 shares of the company’s stock after purchasing an additional 9,329 shares during the quarter. Trexquant Investment LP’s holdings in Zscaler were worth $15,544,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ZS. Geode Capital Management LLC raised its stake in shares of Zscaler by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 1,658,406 shares of the company’s stock worth $298,710,000 after purchasing an additional 32,545 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Zscaler by 25.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company’s stock valued at $291,935,000 after acquiring an additional 332,307 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in Zscaler by 30.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 868,795 shares of the company’s stock valued at $156,739,000 after acquiring an additional 204,996 shares during the last quarter. DnB Asset Management AS grew its position in shares of Zscaler by 66.8% in the 4th quarter. DnB Asset Management AS now owns 667,383 shares of the company’s stock valued at $120,403,000 after acquiring an additional 267,162 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Zscaler by 3.2% in 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 purchasing an additional 16,742 shares during the period. Institutional investors own 46.45% of the company’s stock.

Insider Activity at Zscaler

In other Zscaler news, major shareholder Ajay Mangal sold 190,480 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $200.69, for a total transaction 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 approximately $517,822,344.90. This represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Schlossman sold 2,878 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $573,153.70. Following the completion of the sale, the insider now directly owns 107,587 shares in the company, valued at approximately $21,425,951.05. This represents a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 199,234 shares of company stock worth $39,970,790 over the last three months. Company insiders own 18.10% of the company’s stock.

Zscaler Stock Performance

Shares of NASDAQ ZS opened at $201.07 on Wednesday. The firm has a 50 day moving average price of $202.49 and a two-hundred day moving average price of $194.34. The stock has a market cap of $31.11 billion, a P/E ratio of -804.28 and a beta of 0.88. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $217.84.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ZS. Citigroup reissued a “buy” rating and set a $240.00 price target (up previously from $235.00) on shares of Zscaler in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft raised their price target on Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Royal Bank of Canada increased their price objective on shares of Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Morgan Stanley initiated coverage on shares of Zscaler in a research note on Tuesday, March 18th. They issued an “equal weight” rating on the stock. Finally, BTIG Research set a $252.00 price objective on shares of Zscaler and gave the stock a “buy” rating in a research report on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and an average target price of $232.35.

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.