Hel Ved Capital Management Ltd Has $1.87 Million Holdings in Zscaler, Inc. (NASDAQ:ZS)

Hel Ved Capital Management Ltd grew its stake in Zscaler, Inc. (NASDAQ:ZS) by 291.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,380 shares of the company’s stock after acquiring an additional 7,730 shares during the period. Hel Ved Capital Management Ltd’s holdings in Zscaler were worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Global X Japan Co. Ltd. boosted its holdings in Zscaler by 127.4% in the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after acquiring an additional 79 shares during the last quarter. Summit Securities Group LLC acquired a new position in Zscaler during the 4th quarter valued at about $27,000. Stonebridge Financial Group LLC acquired a new position in Zscaler during the 4th quarter valued at about $29,000. Prestige Wealth Management Group LLC bought a new position in shares of Zscaler in the 3rd quarter valued at about $31,000. Finally, Versant Capital Management Inc grew its position in shares of Zscaler by 136.8% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after buying an additional 104 shares during the period. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zscaler

In related news, insider Robert Schlossman sold 2,878 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total value of $573,153.70. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,155 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 $429,168.25. Following the completion of the transaction, the chief executive officer now owns 356,414 shares in the company, valued at approximately $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 a total of 209,234 shares of company stock worth $42,030,790 in the last 90 days. Corporate insiders own 18.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ZS shares. Wedbush increased their price objective on shares of Zscaler from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. UBS Group increased their price target on Zscaler from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Mizuho lifted their price objective on Zscaler from $210.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Royal Bank of Canada increased their target price on Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $240.00 target price on shares of Zscaler in a research report on Wednesday, March 5th. Eight 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 company. According to MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.94.

Zscaler Stock Performance

ZS opened at $174.67 on Friday. The business’s 50-day simple moving average is $202.38 and its 200 day simple moving average is $194.43. The firm has a market capitalization of $27.03 billion, a PE ratio of -698.68 and a beta of 1.12. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $217.84.

Zscaler 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.