Vinva Investment Management Ltd Increases Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Vinva Investment Management Ltd boosted its holdings in Zscaler, Inc. (NASDAQ:ZSFree Report) by 48.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,245 shares of the company’s stock after purchasing an additional 1,389 shares during the quarter. Vinva Investment Management Ltd’s holdings in Zscaler were worth $953,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Spire Wealth Management grew its stake in shares of Zscaler by 24.5% in the 4th quarter. Spire Wealth Management now owns 249 shares of the company’s stock valued at $58,000 after purchasing an additional 49 shares during the last quarter. US Bancorp DE grew its position in Zscaler by 0.3% in the 4th quarter. US Bancorp DE now owns 22,944 shares of the company’s stock valued at $5,083,000 after buying an additional 59 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Zscaler by 1.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,761 shares of the company’s stock valued at $585,000 after buying an additional 63 shares during the period. Lindbrook Capital LLC raised its position in Zscaler by 41.1% during the 4th quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock worth $53,000 after buying an additional 69 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Zscaler by 66.7% in the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Performance

Shares of NASDAQ:ZS traded up $2.06 on Friday, reaching $180.99. 2,128,204 shares of the company’s stock were exchanged, compared to its average volume of 2,430,679. Zscaler, Inc. has a fifty-two week low of $131.59 and a fifty-two week high of $259.61. The business’s 50-day moving average is $176.49 and its two-hundred day moving average is $204.20. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $27.13 billion, a price-to-earnings ratio of -354.88 and a beta of 0.85.

Analyst Ratings Changes

ZS has been the subject of several recent analyst reports. Wedbush raised their price target on Zscaler from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, March 1st. UBS Group lowered their target price on shares of Zscaler from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Citigroup reduced their price target on shares of Zscaler from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday. Robert W. Baird lowered their price target on Zscaler from $265.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, May 24th. Finally, KeyCorp raised Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 price objective for the company in a research note on Thursday, April 18th. Seven analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Read Our Latest Report on ZS

Insider Buying and Selling

In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following the completion of the transaction, the chief executive officer now directly owns 367,152 shares in the company, valued at $70,915,408.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Remo Canessa sold 7,707 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $1,488,607.05. Following the completion of the sale, the chief financial officer now owns 255,943 shares in the company, valued at $49,435,390.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,715 shares of company stock valued at $2,455,902. Insiders own 19.20% of the company’s stock.

Zscaler Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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