Howe & Rusling Inc. Has $3.80 Million Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Howe & Rusling Inc. trimmed its position in Zscaler, Inc. (NASDAQ:ZS) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,061 shares of the company’s stock after selling 209 shares during the quarter. Howe & Rusling Inc.’s holdings in Zscaler were worth $3,800,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of Zscaler by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,625,861 shares of the company’s stock valued at $277,327,000 after acquiring an additional 60,414 shares during the period. Artisan Partners Limited Partnership increased its stake in Zscaler by 30.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 868,795 shares of the company’s stock valued at $156,739,000 after purchasing an additional 204,996 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Zscaler by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 539,113 shares of the company’s stock valued at $97,261,000 after buying an additional 16,742 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Zscaler by 11.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock valued at $65,036,000 after buying an additional 37,801 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Zscaler by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 377,725 shares of the company’s stock worth $68,145,000 after acquiring an additional 22,655 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Insider Activity at Zscaler

In other Zscaler news, major shareholder Ajay Mangal sold 190,480 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $200.69, for a total value of $38,227,431.20. Following the transaction, the insider now directly owns 2,580,210 shares of the company’s stock, valued at $517,822,344.90. This represents a 6.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,155 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 $429,168.25. Following the transaction, the chief executive officer now owns 356,414 shares in the company, valued at $70,979,848.10. The trade was a 0.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 199,234 shares of company stock worth $39,970,790. Insiders own 18.10% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $240.00 price target on shares of Zscaler in a report on Wednesday, March 5th. UBS Group increased their target price on Zscaler from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Barclays reaffirmed an “overweight” rating on shares of Zscaler in a research note on Wednesday, March 5th. Canaccord Genuity Group raised their price objective on shares of Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and a consensus price target of $232.68.

Zscaler Price Performance

Shares of ZS opened at $211.55 on Thursday. The firm has a market capitalization of $32.73 billion, a PE ratio of -846.20 and a beta of 0.88. The company’s 50-day moving average is $201.26 and its 200-day moving average is $192.96. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $217.84.

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.