Harvest Fund Management Co. Ltd Has $1.58 Million Holdings in Zscaler, Inc. (NASDAQ:ZS)

Harvest Fund Management Co. Ltd grew its stake in Zscaler, Inc. (NASDAQ:ZS) by 29.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,029 shares of the company’s stock after acquiring an additional 2,067 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Zscaler were worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Global X Japan Co. Ltd. raised its stake 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 worth $25,000 after acquiring an additional 79 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Zscaler in the fourth quarter worth about $29,000. Prestige Wealth Management Group LLC bought a new stake in shares of Zscaler during the third quarter worth approximately $31,000. Versant Capital Management Inc raised its stake in shares of Zscaler by 136.8% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after buying an additional 104 shares during the last quarter. Finally, True Wealth Design LLC raised its stake in shares of Zscaler by 18,500.0% during the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after buying an additional 185 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Zscaler Trading Up 1.2 %

Shares of ZS opened at $203.95 on Thursday. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $217.84. The firm has a fifty day simple moving average of $199.11 and a 200 day simple moving average of $191.72. The stock has a market capitalization of $31.56 billion, a price-to-earnings ratio of -815.80 and a beta of 0.88.

Insider Buying and Selling

In related news, major shareholder Ajay Mangal sold 190,480 shares of the 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 completion of the transaction, the insider now owns 2,580,210 shares in the company, valued at approximately $517,822,344.90. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 18.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ZS has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on shares of Zscaler in a research note on Tuesday. They set an “equal weight” rating for the company. Wells Fargo & Company boosted their price target on shares of Zscaler from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 6th. JMP Securities reissued a “market outperform” rating and set a $240.00 price target (down from $270.00) on shares of Zscaler in a research note on Tuesday, December 3rd. Oppenheimer boosted their price target on shares of Zscaler from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Canaccord Genuity Group boosted their price objective on shares of Zscaler from $220.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and a consensus price target of $232.68.

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.