Azimuth Capital Investment Management LLC Makes New Investment in Zscaler, Inc. (NASDAQ:ZS)

Azimuth Capital Investment Management LLC acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZSFree Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,100 shares of the company’s stock, valued at approximately $244,000.

Several other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in shares of Zscaler in the fourth quarter valued at approximately $29,000. Parkside Financial Bank & Trust lifted its stake in Zscaler by 582.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after purchasing an additional 134 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Zscaler in the fourth quarter valued at $37,000. Quadrant Capital Group LLC raised its stake in shares of Zscaler by 66.7% in the fourth quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after acquiring an additional 70 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Zscaler by 109.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock valued at $46,000 after acquiring an additional 109 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’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 sale, the chief executive officer now owns 367,152 shares in the company, valued at approximately $70,915,408.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, 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 transaction of $408,512.25. Following the completion of the sale, the chief executive officer now owns 367,152 shares of the company’s stock, valued at approximately $70,915,408.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Syam Nair sold 2,893 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 transaction of $558,782.95. Following the sale, the insider now directly owns 137,294 shares of the company’s stock, valued at approximately $26,518,336.10. The disclosure for this sale can be found here. Insiders have sold 12,715 shares of company stock worth $2,455,902 in the last quarter. 19.20% of the stock is owned by corporate insiders.

Zscaler Stock Up 1.2 %

ZS stock traded up $2.06 during trading on Friday, reaching $180.99. The stock had a trading volume of 2,128,204 shares, compared to its average volume of 2,430,679. Zscaler, Inc. has a 1-year low of $131.59 and a 1-year high of $259.61. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $27.13 billion, a P/E ratio of -354.88 and a beta of 0.85. The firm has a fifty day moving average price of $176.49 and a 200 day moving average price of $204.20.

Analyst Ratings Changes

ZS has been the topic of a number of analyst reports. JMP Securities restated a “market outperform” rating and issued a $270.00 price target on shares of Zscaler in a research note on Friday, May 31st. Royal Bank of Canada raised their price target on Zscaler from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Scotiabank reduced their price objective on shares of Zscaler from $250.00 to $210.00 and set a “sector outperform” rating for the company in a research report on Friday, May 31st. Oppenheimer restated an “outperform” rating and issued a $260.00 price objective (down previously from $290.00) on shares of Zscaler in a research report on Friday, May 31st. Finally, Wedbush lifted their price target on shares of Zscaler from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Seven analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $224.00.

Check Out Our Latest Stock Report on Zscaler

About Zscaler

(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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