1,206 Shares in Zscaler, Inc. (NASDAQ:ZS) Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC bought a new stake in Zscaler, Inc. (NASDAQ:ZS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,206 shares of the company’s stock, valued at approximately $218,000.

A number of other large investors have also recently bought and sold shares of ZS. Global X Japan Co. Ltd. increased its position in shares of Zscaler by 127.4% in the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after acquiring an additional 79 shares during the last quarter. Summit Securities Group LLC bought a new position in Zscaler in the fourth quarter valued at approximately $27,000. Stonebridge Financial Group LLC acquired a new position in shares of Zscaler during the 4th quarter worth approximately $29,000. Prestige Wealth Management Group LLC bought a new stake in shares of Zscaler during the 3rd quarter worth approximately $31,000. Finally, Versant Capital Management Inc boosted 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 buying an additional 104 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price target on shares of Zscaler in a research report on Wednesday, March 5th. BMO Capital Markets upped their target price on shares of Zscaler from $222.00 to $233.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Robert W. Baird lifted their price target on Zscaler from $240.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. boosted their price target on Zscaler from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. Finally, Rosenblatt Securities raised Zscaler from a “neutral” rating to a “buy” rating and raised their price objective for the company from $190.00 to $235.00 in a research report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and an average price target of $234.94.

Insider Buying and Selling

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,155 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $429,168.25. Following the sale, the chief executive officer now owns 356,414 shares of the company’s stock, valued at approximately $70,979,848.10. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Schlossman sold 2,878 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $573,153.70. Following the completion of the transaction, the insider now owns 107,587 shares of the company’s stock, valued at $21,425,951.05. The trade was a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 209,234 shares of company stock worth $42,030,790 in the last ninety days. 18.10% of the stock is owned by insiders.

Zscaler Price Performance

NASDAQ ZS opened at $192.21 on Friday. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $217.84. The business has a fifty day moving average price of $202.76 and a two-hundred day moving average price of $194.41. The stock has a market capitalization of $29.74 billion, a PE ratio of -768.84 and a beta of 1.12.

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.