WINTON GROUP Ltd lifted its stake in Zscaler, Inc. (NASDAQ:ZS – Free Report) by 209.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,158 shares of the company’s stock after buying an additional 7,558 shares during the period. WINTON GROUP Ltd’s holdings in Zscaler were worth $2,510,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Integrated Wealth Concepts LLC increased its holdings in Zscaler by 19.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock valued at $285,000 after purchasing an additional 239 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Zscaler by 8.2% during the 1st quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock valued at $972,000 after purchasing an additional 370 shares in the last quarter. Empowered Funds LLC increased its holdings in Zscaler by 9.2% during the 1st quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock valued at $558,000 after purchasing an additional 238 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Zscaler during the 2nd quarter valued at $252,000. Finally, Jump Financial LLC acquired a new stake in Zscaler during the 2nd quarter valued at $3,019,000. 46.45% of the stock is owned by institutional investors and hedge funds.
Zscaler Price Performance
Shares of ZS opened at $130.78 on Monday. The firm has a market capitalization of $21.15 billion, a price-to-earnings ratio of -272.45 and a beta of 0.97. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. The business’s fifty day moving average price is $143.61 and its two-hundred day moving average price is $182.64. Zscaler, Inc. has a 52 week low of $114.63 and a 52 week high of $336.99.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on ZS shares. UBS Group dropped their price target on Zscaler from $260.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Oppenheimer dropped their price target on Zscaler from $280.00 to $250.00 and set an “outperform” rating for the company in a report on Tuesday, March 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 price target on shares of Zscaler in a report on Wednesday, May 27th. Guggenheim raised Zscaler from a “neutral” rating to a “buy” rating and set a $214.00 price target for the company in a report on Monday, June 1st. Finally, Citizens Jmp dropped their price target on Zscaler from $290.00 to $210.00 and set a “market outperform” rating for the company in a report on Friday, May 1st. Thirty-three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $216.03.
Get Our Latest Stock Analysis on Zscaler
Insider Activity
In other Zscaler news, CEO Jagtar Singh Chaudhry sold 1,941 shares of Zscaler stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $303,941.19. Following the transaction, the chief executive officer directly owned 345,916 shares in the company, valued at approximately $54,166,986.44. The trade was a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam Geller sold 2,094 shares of Zscaler stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total value of $321,491.82. Following the transaction, the insider owned 46,949 shares in the company, valued at approximately $7,208,079.97. This represents a 4.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 12,130 shares of company stock valued at $1,892,487. Company insiders own 17.20% of the company’s stock.
About Zscaler
Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.
Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.
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