Coppell Advisory Solutions LLC Buys 139 Shares of Zscaler, Inc. (NASDAQ:ZS)

Coppell Advisory Solutions LLC grew its position in Zscaler, Inc. (NASDAQ:ZS) by 64.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 356 shares of the company’s stock after purchasing an additional 139 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in Zscaler were worth $65,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its holdings in Zscaler by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 1,658,406 shares of the company’s stock worth $298,710,000 after acquiring an additional 32,545 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Zscaler by 25.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company’s stock valued at $291,935,000 after purchasing an additional 332,307 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Zscaler by 30.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 868,795 shares of the company’s stock worth $156,739,000 after purchasing an additional 204,996 shares during the last quarter. DnB Asset Management AS boosted its stake in Zscaler by 66.8% during the 4th quarter. DnB Asset Management AS now owns 667,383 shares of the company’s stock valued at $120,403,000 after purchasing an additional 267,162 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Zscaler by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 539,113 shares of the company’s stock valued at $97,261,000 after buying an additional 16,742 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on ZS shares. Jefferies Financial Group cut their price target on Zscaler from $245.00 to $240.00 and set a “buy” rating for the company in a report on Monday, March 31st. Needham & Company LLC reissued a “buy” rating and issued a $240.00 price target on shares of Zscaler in a report on Wednesday, March 5th. Stephens started coverage on shares of Zscaler in a research report on Tuesday, April 1st. They issued an “overweight” rating and a $255.00 price target on the stock. Wedbush upped their price objective on shares of Zscaler from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Finally, Morgan Stanley decreased their target price on Zscaler from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $234.16.

Zscaler Stock Performance

NASDAQ:ZS opened at $215.58 on Friday. The company has a market cap of $33.36 billion, a price-to-earnings ratio of -862.32 and a beta of 1.12. The stock’s fifty day moving average price is $199.30 and its two-hundred day moving average price is $197.29. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $217.84.

Insider Activity

In other Zscaler news, Director Andrew William Fraser Brown sold 10,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $206.00, for a total value of $2,060,000.00. Following the transaction, the director now owns 27,216 shares of the company’s stock, valued at approximately $5,606,496. This represents a 26.87 % 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, major shareholder Ajay Mangal sold 190,480 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $200.69, for a total value 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 disclosure for this sale can be found here. Insiders have sold 209,234 shares of company stock valued at $42,030,790 over the last 90 days. 18.10% of the stock is owned by company insiders.

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.