Smartleaf Asset Management LLC Increases Holdings in Zscaler, Inc. (NASDAQ:ZS)

Smartleaf Asset Management LLC grew its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 16.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 482 shares of the company’s stock after buying an additional 69 shares during the period. Smartleaf Asset Management LLC’s holdings in Zscaler were worth $88,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Global X Japan Co. Ltd. lifted its holdings in shares of Zscaler by 127.4% in the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after purchasing an additional 79 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Zscaler in the 4th quarter valued at about $29,000. Prestige Wealth Management Group LLC purchased a new stake in shares of Zscaler in the 3rd quarter valued at about $31,000. True Wealth Design LLC lifted its holdings in shares of Zscaler by 18,500.0% in the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after purchasing an additional 185 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Zscaler by 136.8% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after purchasing an additional 104 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Zscaler

In other news, CFO Remo Canessa sold 3,703 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the completion of the sale, the chief financial officer now directly owns 220,635 shares in the company, valued at $44,197,603.20. This represents a 1.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Syam Nair sold 3,682 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the sale, the insider now owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,248 shares of company stock worth $2,052,879 in the last ninety days. Insiders own 18.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on ZS shares. Royal Bank of Canada boosted their price target on Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday. Wedbush boosted their target price on Zscaler from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday. JMP Securities reiterated a “market outperform” rating and set a $240.00 target price (down previously from $270.00) on shares of Zscaler in a research report on Tuesday, December 3rd. BTIG Research boosted their target price on Zscaler from $205.00 to $238.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Stifel Nicolaus boosted their target price on Zscaler from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Eight equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $234.29.

Zscaler Stock Up 3.3 %

Shares of Zscaler stock 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’s fifty day moving average is $196.78 and its two-hundred day moving average is $191.70. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $217.84.

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.