Shariaportfolio Inc. Makes New $233,000 Investment in Zscaler, Inc. (NASDAQ:ZS)

Shariaportfolio Inc. purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZSFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,051 shares of the company’s stock, valued at approximately $233,000.

A number of other hedge funds have also recently made changes to their positions in ZS. Sequoia Financial Advisors LLC bought a new stake in shares of Zscaler in the fourth quarter worth $9,674,000. Nordea Investment Management AB grew its position in shares of Zscaler by 463.5% in the 4th quarter. Nordea Investment Management AB now owns 29,803 shares of the company’s stock valued at $6,629,000 after buying an additional 24,514 shares during the last quarter. Norges Bank acquired a new stake in shares of Zscaler in the fourth quarter valued at about $117,599,000. Vanguard Group Inc. raised its position in shares of Zscaler by 1.5% during the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock worth $1,343,810,000 after acquiring an additional 129,090 shares during the last quarter. Finally, Beacon Pointe Advisors LLC lifted its stake in shares of Zscaler by 41.2% in the fourth quarter. Beacon Pointe Advisors LLC now owns 9,170 shares of the company’s stock worth $2,032,000 after acquiring an additional 2,677 shares during the period. 46.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZS has been the subject of a number of analyst reports. Rosenblatt Securities reissued a “neutral” rating and set a $190.00 target price on shares of Zscaler in a research note on Tuesday, May 28th. BTIG Research dropped their price objective on Zscaler from $258.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Loop Capital decreased their target price on Zscaler from $225.00 to $180.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Wedbush raised their price objective on shares of Zscaler from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, Barclays boosted their target price on Zscaler from $205.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Get Our Latest Stock Report on ZS

Insider Buying and Selling at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the completion of the sale, the chief executive officer now directly owns 367,152 shares in the company, valued at approximately $70,915,408.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Zscaler news, insider Syam Nair sold 2,893 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $558,782.95. Following the sale, the insider now directly owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $408,512.25. Following the completion of the transaction, the chief executive officer now owns 367,152 shares in the company, valued at $70,915,408.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,715 shares of company stock worth $2,455,902. Insiders own 19.20% of the company’s stock.

Zscaler Price Performance

Shares of Zscaler stock traded up $1.18 during trading on Wednesday, hitting $188.83. The stock had a trading volume of 2,783,228 shares, compared to its average volume of 2,255,043. The business’s 50-day moving average is $176.07 and its 200 day moving average is $204.22. Zscaler, Inc. has a 12 month low of $131.59 and a 12 month high of $259.61. The firm has a market cap of $28.54 billion, a price-to-earnings ratio of -375.67 and a beta of 0.85. The company has a current ratio of 1.75, a quick ratio of 1.98 and a debt-to-equity ratio of 1.04.

Zscaler Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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