Brooklyn FI LLC Acquires New Position in Zscaler, Inc. (NASDAQ:ZS)

Brooklyn FI LLC acquired a new stake in Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,112 shares of the company’s stock, valued at approximately $1,957,000.

A number of other institutional investors have also bought and sold shares of the business. Champlain Investment Partners LLC grew its holdings in shares of 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 purchasing an additional 283,540 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Zscaler in the 4th quarter valued at approximately $28,072,000. Westfield Capital Management Co. LP increased its holdings in shares of Zscaler by 33.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock worth $68,293,000 after buying an additional 100,814 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Zscaler by 59.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company’s stock valued at $34,421,000 after acquiring an additional 71,297 shares during the last quarter. Finally, Thematics Asset Management increased its stake in Zscaler by 88.5% during the third quarter. Thematics Asset Management now owns 147,000 shares of the company’s stock worth $25,128,000 after acquiring an additional 69,000 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Trading Down 0.5 %

Shares of NASDAQ ZS opened at $201.59 on Wednesday. The stock has a market cap of $31.19 billion, a price-to-earnings ratio of -806.36 and a beta of 0.88. The company’s 50-day moving average price is $198.77 and its 200 day moving average price is $191.64. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $217.84.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ZS. Guggenheim reiterated a “neutral” rating on shares of Zscaler in a report on Tuesday, December 3rd. BMO Capital Markets lifted their price target on shares of Zscaler from $222.00 to $233.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Robert W. Baird upped their price objective on shares of Zscaler from $240.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Mizuho lifted their target price on shares of Zscaler from $210.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Needham & Company LLC restated a “buy” rating and set a $240.00 price target on shares of Zscaler in a research note on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and an average target price of $233.06.

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.