WINTON GROUP Ltd acquired a new stake in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,492 shares of the company’s stock, valued at approximately $1,096,000.
A number of other institutional investors and hedge funds have also modified their holdings of ZS. Atria Wealth Solutions Inc. boosted its holdings in Zscaler by 16.5% in the 1st quarter. Atria Wealth Solutions Inc. now owns 3,455 shares of the company’s stock worth $686,000 after buying an additional 490 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Zscaler by 12.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 424,547 shares of the company’s stock valued at $84,239,000 after acquiring an additional 46,822 shares in the last quarter. Townsquare Capital LLC boosted its stake in shares of Zscaler by 14.7% in the first quarter. Townsquare Capital LLC now owns 5,374 shares of the company’s stock worth $1,066,000 after acquiring an additional 687 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Zscaler during the first quarter worth approximately $508,000. Finally, Entropy Technologies LP acquired a new position in Zscaler in the 1st quarter valued at $689,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.
Zscaler Stock Performance
NASDAQ:ZS opened at $243.29 on Thursday. The company’s 50-day moving average is $295.56 and its two-hundred day moving average is $290.92. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $336.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a market capitalization of $38.80 billion, a price-to-earnings ratio of -935.69 and a beta of 1.07.
Insiders Place Their Bets
In related news, insider Adam Geller sold 10,464 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $284.25, for a total transaction of $2,974,392.00. Following the completion of the sale, the insider directly owned 43,478 shares of the company’s stock, valued at approximately $12,358,621.50. This trade represents a 19.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Schlossman sold 3,200 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $325.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider directly owned 80,086 shares in the company, valued at $26,027,950. The trade was a 3.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 43,084 shares of company stock worth $12,446,825 over the last ninety days. Company insiders own 17.20% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on ZS shares. Susquehanna lifted their target price on shares of Zscaler from $320.00 to $340.00 and gave the stock a “positive” rating in a research note on Wednesday, September 3rd. Citigroup decreased their price target on shares of Zscaler from $365.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, December 1st. Berenberg Bank lowered their price target on shares of Zscaler from $400.00 to $390.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Royal Bank Of Canada increased their price objective on shares of Zscaler from $350.00 to $366.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Finally, Wedbush boosted their target price on Zscaler from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $321.87.
Check Out Our Latest Report on Zscaler
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.
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