Mizuho Bank Ltd. Has $45,000 Holdings in Zscaler, Inc. (NASDAQ:ZS)

Mizuho Bank Ltd. increased its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 78.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 250 shares of the company’s stock after buying an additional 110 shares during the period. Mizuho Bank Ltd.’s holdings in Zscaler were worth $45,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its holdings in shares of Zscaler by 11.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock valued at $65,036,000 after purchasing an additional 37,801 shares during the period. Zweig DiMenna Associates LLC boosted its holdings in Zscaler by 29.8% in the fourth quarter. Zweig DiMenna Associates LLC now owns 77,941 shares of the company’s stock worth $14,061,000 after acquiring an additional 17,900 shares in the last quarter. Baader Bank Aktiengesellschaft grew its stake in Zscaler by 30.3% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 8,400 shares of the company’s stock valued at $1,515,000 after acquiring an additional 1,952 shares during the period. Benjamin Edwards Inc. bought a new stake in shares of Zscaler during the third quarter valued at approximately $449,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Zscaler during the fourth quarter worth approximately $565,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Down 9.1 %

NASDAQ ZS opened at $174.67 on Friday. The company has a market cap 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. The firm’s 50-day simple moving average is $202.38 and its two-hundred day simple moving average is $194.43.

Insider Activity

In other news, major shareholder Ajay Mangal sold 190,480 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $200.69, for a total value of $38,227,431.20. Following the sale, the insider now directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Schlossman sold 2,878 shares of the business’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 $573,153.70. Following the transaction, the insider now directly owns 107,587 shares of the company’s stock, valued at approximately $21,425,951.05. This represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 209,234 shares of company stock valued at $42,030,790 over the last quarter. Company insiders own 18.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $244.00 price target on shares of Zscaler in a research report on Thursday, March 6th. Jefferies Financial Group dropped their price target on shares of Zscaler from $245.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Scotiabank reissued a “sector outperform” rating and set a $242.00 price objective (up from $225.00) on shares of Zscaler in a report on Wednesday, March 5th. BTIG Research set a $252.00 target price on Zscaler and gave the company a “buy” rating in a report on Thursday, March 6th. Finally, BMO Capital Markets upped their price target on Zscaler from $222.00 to $233.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and a consensus target price of $234.94.

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.