1,304 Shares in Zscaler, Inc. (NASDAQ:ZS) Acquired by Tradewinds LLC.

Tradewinds LLC. acquired a new stake in Zscaler, Inc. (NASDAQ:ZS) in the 4th quarter, Holdings Channel.com reports. The fund acquired 1,304 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors have also recently modified their holdings of ZS. Cerity Partners LLC boosted its position in shares of Zscaler by 73.5% during the 3rd quarter. Cerity Partners LLC now owns 10,562 shares of the company’s stock worth $1,806,000 after acquiring an additional 4,476 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Zscaler by 9.1% during the third quarter. The Manufacturers Life Insurance Company now owns 6,969 shares of the company’s stock worth $1,191,000 after purchasing an additional 581 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Zscaler by 27.0% in the 3rd quarter. D.A. Davidson & CO. now owns 1,936 shares of the company’s stock valued at $331,000 after purchasing an additional 411 shares in the last quarter. Townsquare Capital LLC increased its stake in shares of Zscaler by 236.2% in the 3rd quarter. Townsquare Capital LLC now owns 4,983 shares of the company’s stock valued at $852,000 after purchasing an additional 3,501 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Zscaler by 11.2% during the 3rd quarter. Captrust Financial Advisors now owns 5,024 shares of the company’s stock worth $859,000 after buying an additional 504 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ZS. Stephens assumed coverage on Zscaler in a research report on Tuesday. They issued an “overweight” rating and a $255.00 target price on the stock. Bank of America upgraded shares of Zscaler from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $215.00 to $240.00 in a research report on Friday, March 7th. Rosenblatt Securities upgraded shares of Zscaler from a “neutral” rating to a “buy” rating and raised their target price for the company from $190.00 to $235.00 in a research report on Thursday, March 6th. Scotiabank reaffirmed a “sector outperform” rating and set a $242.00 target price (up previously from $225.00) on shares of Zscaler in a research note on Wednesday, March 5th. Finally, Morgan Stanley assumed coverage on Zscaler in a report on Tuesday, March 18th. They set an “equal weight” rating on the stock. Nine investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $232.35.

Zscaler Stock Up 1.3 %

Shares of ZS stock opened at $201.07 on Wednesday. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $217.84. The firm has a 50 day moving average of $202.49 and a 200-day moving average of $194.34. The company has a market cap of $31.11 billion, a price-to-earnings ratio of -804.28 and a beta of 0.88.

Insider Buying and Selling at Zscaler

In related news, insider Robert Schlossman sold 2,878 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total value of $573,153.70. Following the transaction, the insider now directly owns 107,587 shares in the company, valued at $21,425,951.05. This trade represents a 2.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,155 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $429,168.25. Following the sale, the chief executive officer now owns 356,414 shares of the company’s stock, valued at $70,979,848.10. This trade represents a 0.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 199,234 shares of company stock valued at $39,970,790. Corporate insiders own 18.10% of the company’s stock.

Zscaler 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.