iA Global Asset Management Inc. Increases Position in Zscaler, Inc. (NASDAQ:ZS)

iA Global Asset Management Inc. raised its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,537 shares of the company’s stock after buying an additional 1,129 shares during the period. iA Global Asset Management Inc.’s holdings in Zscaler were worth $2,983,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Global X Japan Co. Ltd. boosted its holdings 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 purchasing an additional 79 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of Zscaler in the fourth quarter valued at approximately $29,000. Prestige Wealth Management Group LLC purchased a new stake in shares of Zscaler in the third quarter valued at approximately $31,000. True Wealth Design LLC boosted its holdings in shares of Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after purchasing an additional 185 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Performance

NASDAQ:ZS opened at $203.55 on Friday. Zscaler, Inc. has a one year low of $153.45 and a one year high of $217.84. The firm has a market cap of $31.49 billion, a price-to-earnings ratio of -814.20 and a beta of 0.88. The firm’s fifty day moving average is $199.43 and its two-hundred day moving average is $191.81.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 2,878 shares of the company’s 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 sale, the insider now directly owns 107,587 shares of the company’s stock, valued at approximately $21,425,951.05. This represents a 2.61 % decrease in their ownership of the stock. 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 stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total transaction of $429,168.25. Following the sale, the chief executive officer now directly owns 356,414 shares in the company, valued at approximately $70,979,848.10. The trade was a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 199,234 shares of company stock valued at $39,970,790. 18.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Piper Sandler boosted their price objective on shares of Zscaler from $215.00 to $235.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Jefferies Financial Group boosted their price objective on shares of Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley assumed coverage on shares of Zscaler in a research note on Tuesday. They issued an “equal weight” rating for the company. Mizuho boosted their price objective on shares of Zscaler from $210.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Oppenheimer boosted their price objective 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. Nine equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and a consensus target price of $232.68.

Zscaler 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.