SLT Holdings LLC Invests $1.08 Million in Zscaler, Inc. (NASDAQ:ZS)

SLT Holdings LLC bought a new position in Zscaler, Inc. (NASDAQ:ZS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,978 shares of the company’s stock, valued at approximately $1,078,000. Zscaler accounts for 1.0% of SLT Holdings LLC’s holdings, making the stock its 26th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Champlain Investment Partners LLC boosted its holdings in Zscaler by 28.2% in the third quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock valued at $220,401,000 after purchasing an additional 283,540 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Zscaler in the fourth quarter valued at about $28,072,000. Westfield Capital Management Co. LP boosted its holdings in Zscaler by 33.8% in the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock valued at $68,293,000 after purchasing an additional 100,814 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Zscaler by 59.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company’s stock valued at $34,421,000 after buying an additional 71,297 shares in the last quarter. Finally, Thematics Asset Management raised its stake in Zscaler by 88.5% during the third quarter. Thematics Asset Management now owns 147,000 shares of the company’s stock valued at $25,128,000 after buying an additional 69,000 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Up 3.3 %

ZS opened at $208.76 on Friday. The firm has a market cap of $32.03 billion, a PE ratio of -835.04 and a beta of 0.88. The business has a fifty day simple moving average of $196.78 and a 200-day simple moving average of $191.70. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $217.84.

Insider Transactions at Zscaler

In other news, CFO Remo Canessa sold 3,703 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the completion of the sale, the chief financial officer now owns 220,635 shares of the company’s stock, valued at $44,197,603.20. This trade represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $573,516.16. Following the completion of the sale, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at approximately $71,828,542.08. This trade represents a 0.79 % decrease in their position. 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 corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on ZS shares. Royal Bank of Canada upped their price objective on Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley dropped their price target 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. Citigroup reiterated a “buy” rating and set a $240.00 price target (up from $235.00) on shares of Zscaler in a research report on Wednesday. KeyCorp increased their price target on Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Cantor Fitzgerald upgraded Zscaler to a “hold” rating in a research report on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $234.29.

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.