13,423 Shares in Zscaler, Inc. (NASDAQ:ZS) Bought by Headlands Technologies LLC

Headlands Technologies LLC purchased a new stake in Zscaler, Inc. (NASDAQ:ZS) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 13,423 shares of the company’s stock, valued at approximately $2,422,000.

Several other hedge funds also recently added to or reduced their stakes in ZS. Global X Japan Co. Ltd. increased its holdings in 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 buying an additional 79 shares during the last quarter. Summit Securities Group LLC bought a new stake in Zscaler during the fourth quarter valued at $27,000. Stonebridge Financial Group LLC acquired a new stake in shares of Zscaler during the fourth quarter worth $29,000. Prestige Wealth Management Group LLC bought a new position in shares of Zscaler in the 3rd quarter worth about $31,000. Finally, True Wealth Design LLC grew its position in shares of Zscaler by 18,500.0% during the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after buying an additional 185 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Price Performance

Shares of NASDAQ ZS opened at $198.42 on Tuesday. Zscaler, Inc. has a one year low of $153.45 and a one year high of $217.84. The business’s 50-day moving average price is $202.30 and its two-hundred day moving average price is $194.12. The company has a market capitalization of $30.70 billion, a P/E ratio of -793.68 and a beta of 0.88.

Insider Activity

In other news, major shareholder Ajay Mangal sold 190,480 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $200.69, for a total transaction of $38,227,431.20. Following the transaction, the insider now owns 2,580,210 shares in the company, valued at approximately $517,822,344.90. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jagtar Singh Chaudhry sold 2,155 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total transaction of $429,168.25. Following the completion of the sale, the chief executive officer now owns 356,414 shares of the company’s stock, valued at $70,979,848.10. This represents a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 199,234 shares of company stock worth $39,970,790 in the last three months. 18.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on ZS shares. Oppenheimer upped their target price on Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group set a $207.00 target price on Zscaler and gave the company a “neutral” rating in a research report on Thursday, March 6th. Bank of America raised shares of Zscaler from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $215.00 to $240.00 in a report on Friday, March 7th. Finally, Robert W. Baird raised their price objective on shares of Zscaler from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and a consensus target price of $232.52.

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.