Lmcg Investments LLC grew its position in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) by 12.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,845 shares of the company’s stock after acquiring an additional 1,616 shares during the quarter. Lmcg Investments LLC’s holdings in Zscaler were worth $2,678,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in ZS. Prestige Wealth Management Group LLC bought a new stake in Zscaler in the third quarter worth about $31,000. True Wealth Design LLC raised its holdings in shares of Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after buying an additional 185 shares during the period. Versant Capital Management Inc lifted its stake 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 acquiring an additional 104 shares during the last quarter. Modus Advisors LLC purchased a new position in Zscaler during the 4th quarter valued at $36,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Zscaler in the 3rd quarter valued at $38,000. 46.45% of the stock is owned by hedge funds and other institutional investors.
Zscaler Stock Performance
Shares of ZS opened at $187.58 on Tuesday. The firm’s fifty day simple moving average is $196.20 and its 200-day simple moving average is $187.91. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $259.61.
Analysts Set New Price Targets
A number of brokerages have weighed in on ZS. JPMorgan Chase & Co. lifted their target price on Zscaler from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Morgan Stanley dropped their target price on Zscaler from $215.00 to $205.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 3rd. Wells Fargo & Company boosted their price target on Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. BMO Capital Markets lifted their target price on Zscaler from $197.00 to $222.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, BNP Paribas started coverage on shares of Zscaler in a research note on Tuesday, October 8th. They set a “neutral” rating and a $180.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $224.84.
View Our Latest Research Report on ZS
Insider Activity at Zscaler
In related news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the transaction, the chief executive officer now owns 358,569 shares of the company’s stock, valued at $71,828,542.08. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Syam Nair sold 3,682 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the sale, the insider now directly owns 142,866 shares of the company’s stock, valued at $28,618,917.12. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,248 shares of company stock valued at $2,052,879 in the last three months. 18.10% of the stock is currently owned by company insiders.
About Zscaler
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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