Victory Capital Management Inc. Has $19.90 Million Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Victory Capital Management Inc. lessened its position in Zscaler, Inc. (NASDAQ:ZS) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 110,289 shares of the company’s stock after selling 10,223 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Zscaler worth $19,897,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew 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 purchasing an additional 60,414 shares during the period. Champlain Investment Partners LLC lifted its stake 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 buying an additional 283,540 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Zscaler by 3.2% in the fourth 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. Westfield Capital Management Co. LP increased its position in shares of Zscaler by 33.8% during the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock worth $68,293,000 after acquiring an additional 100,814 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Zscaler by 11.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock worth $65,036,000 after acquiring an additional 37,801 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on ZS. UBS Group upped their target price on shares of Zscaler from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Royal Bank of Canada upped their price objective on Zscaler from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Morgan Stanley dropped their target price 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. Cantor Fitzgerald raised Zscaler to a “hold” rating in a research report on Monday, November 18th. Finally, Guggenheim reiterated a “neutral” rating on shares of Zscaler in a report on Tuesday, December 3rd. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, Zscaler has an average rating of “Moderate Buy” and a consensus price target of $233.88.

Insider Transactions at Zscaler

In related news, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction that occurred 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 directly owns 220,635 shares in the company, valued at approximately $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Syam Nair sold 3,682 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 $737,578.24. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,248 shares of company stock worth $2,052,879. Company insiders own 18.10% of the company’s stock.

Zscaler Stock Up 2.4 %

Shares of ZS stock opened at $199.36 on Wednesday. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $217.84. The company has a market capitalization of $30.59 billion, a PE ratio of -797.44 and a beta of 0.88. The firm has a 50 day moving average price of $197.39 and a two-hundred day moving average price of $191.62.

Zscaler Company 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.