Zscaler, Inc. (NASDAQ:ZS) Position Increased by Lbp Am Sa

Lbp Am Sa raised its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 14.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 366,978 shares of the company’s stock after buying an additional 47,041 shares during the period. Zscaler comprises approximately 0.9% of Lbp Am Sa’s investment portfolio, making the stock its 23rd biggest position. Lbp Am Sa owned approximately 0.24% of Zscaler worth $66,207,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Fred Alger Management LLC boosted its stake in Zscaler by 1,151.0% in the 3rd quarter. Fred Alger Management LLC now owns 10,371 shares of the company’s stock worth $1,773,000 after purchasing an additional 9,542 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Zscaler by 11.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock worth $65,036,000 after purchasing an additional 37,801 shares during the period. Zweig DiMenna Associates LLC boosted its stake in Zscaler by 29.8% in the 4th quarter. Zweig DiMenna Associates LLC now owns 77,941 shares of the company’s stock worth $14,061,000 after purchasing an additional 17,900 shares during the period. Baader Bank Aktiengesellschaft boosted its stake in Zscaler by 30.3% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 8,400 shares of the company’s stock worth $1,515,000 after purchasing an additional 1,952 shares during the period. Finally, Benjamin Edwards Inc. acquired a new position in Zscaler in the 3rd quarter worth approximately $449,000. 46.45% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $573,516.16. Following the sale, the chief executive officer now directly owns 358,569 shares in the company, valued at approximately $71,828,542.08. The trade was a 0.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $737,578.24. Following the sale, the insider now owns 142,866 shares in the company, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,248 shares of company stock worth $2,052,879. Corporate insiders own 18.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ZS shares. Wells Fargo & Company raised their price objective on shares of Zscaler from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 6th. The Goldman Sachs Group set a $207.00 target price on shares of Zscaler and gave the stock a “neutral” rating in a research report on Thursday, March 6th. Loop Capital cut their target price on shares of Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Zscaler in a research report on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, Zscaler currently has an average rating of “Moderate Buy” and a consensus target price of $233.88.

Zscaler Price Performance

NASDAQ ZS opened at $189.58 on Friday. The company’s fifty day moving average is $197.74 and its two-hundred day moving average is $191.66. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $217.84. The firm has a market capitalization of $29.33 billion, a price-to-earnings ratio of -758.32 and a beta of 0.88.

About Zscaler

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.