Private Trust Co. NA lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) by 419.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 270 shares of the company’s stock after buying an additional 218 shares during the quarter. Private Trust Co. NA’s holdings in Zscaler were worth $85,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. purchased a new position in shares of Zscaler in the first quarter worth $516,622,000. Nuveen LLC purchased a new stake in Zscaler in the 1st quarter worth $153,340,000. Goldman Sachs Group Inc. boosted its holdings in shares of Zscaler by 23.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock valued at $604,831,000 after purchasing an additional 578,883 shares during the last quarter. Woodline Partners LP purchased a new position in shares of Zscaler during the first quarter valued at about $70,340,000. Finally, Vanguard Group Inc. grew its position in shares of Zscaler by 3.1% during the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock valued at $1,962,474,000 after purchasing an additional 294,034 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.
Zscaler Stock Performance
Shares of Zscaler stock opened at $307.92 on Thursday. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $319.89. The stock’s fifty day moving average price is $288.61 and its 200-day moving average price is $272.79. The firm has a market cap of $48.74 billion, a P/E ratio of -1,140.44 and a beta of 1.06. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95.
Analysts Set New Price Targets
ZS has been the subject of a number of recent research reports. JMP Securities reissued a “market outperform” rating and issued a $355.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. Cantor Fitzgerald restated an “overweight” rating and issued a $340.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. Susquehanna increased their price target on shares of Zscaler from $320.00 to $340.00 and gave the company a “positive” rating in a report on Wednesday, September 3rd. Rosenblatt Securities boosted their price objective on Zscaler from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zscaler in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $307.86.
Check Out Our Latest Stock Report on ZS
Insider Buying and Selling at Zscaler
In related news, insider Robert Schlossman sold 7,006 shares of Zscaler stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the transaction, the insider directly owned 76,132 shares of the company’s stock, valued at $23,263,655.24. This trade represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Raj Judge sold 4,524 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the completion of the transaction, the executive vice president directly owned 73,832 shares of the company’s stock, valued at $20,724,642.40. This trade represents a 5.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,884 shares of company stock valued at $11,406,825 in the last ninety days. Company insiders own 18.10% of the company’s stock.
Zscaler Company 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.
Featured Articles
- Five stocks we like better than Zscaler
- The Risks of Owning Bonds
- Archer’s Recent String of Victories Signals a New Phase of Growth
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- 3 Key Stocks Boosting Buybacks Amid Improving Fundamentals
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- The Best AI for Picking Stocks, Ranked by Performance
Want to see what other hedge funds are holding ZS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zscaler, Inc. (NASDAQ:ZS – Free Report).
Receive News & Ratings for Zscaler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zscaler and related companies with MarketBeat.com's FREE daily email newsletter.