Acadian Asset Management LLC grew its holdings in shares of Zscaler Inc (NASDAQ:ZS) by 561.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,230 shares of the company’s stock after purchasing an additional 1,044 shares during the quarter. Acadian Asset Management LLC’s holdings in Zscaler were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ZS. Bank of America Corp DE increased its position in shares of Zscaler by 1,214.7% during the 2nd quarter. Bank of America Corp DE now owns 35,982 shares of the company’s stock valued at $1,286,000 after purchasing an additional 33,245 shares during the last quarter. Northern Trust Corp purchased a new stake in Zscaler in the 2nd quarter worth approximately $7,149,000. US Bancorp DE increased its holdings in Zscaler by 3,781.0% in the 3rd quarter. US Bancorp DE now owns 26,197 shares of the company’s stock worth $1,068,000 after acquiring an additional 25,522 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Zscaler in the 3rd quarter worth approximately $331,000. Finally, Bessemer Group Inc. purchased a new stake in Zscaler in the 3rd quarter worth approximately $232,000. 30.31% of the stock is owned by hedge funds and other institutional investors.

Shares of ZS opened at $66.94 on Friday. Zscaler Inc has a 1 year low of $24.76 and a 1 year high of $67.33. The company has a market cap of $8.04 billion and a price-to-earnings ratio of -215.94.

Several equities research analysts recently issued reports on ZS shares. Morgan Stanley lowered shares of Zscaler from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 15th. Bank of America set a $53.00 target price on shares of Zscaler and gave the stock a “hold” rating in a report on Friday, March 1st. Needham & Company LLC reissued a “strong-buy” rating and issued a $65.00 target price on shares of Zscaler in a report on Friday, March 1st. They noted that the move was a valuation call. Guggenheim started coverage on shares of Zscaler in a report on Monday, December 10th. They issued a “neutral” rating and a $40.00 target price for the company. Finally, Deutsche Bank increased their target price on shares of Zscaler from $44.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Zscaler has an average rating of “Hold” and a consensus price target of $48.53.

In other news, EVP Amit Sinha sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $64.75, for a total transaction of $3,237,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Schlossman sold 1,562 shares of the stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $39.16, for a total value of $61,167.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 605,562 shares of company stock valued at $32,040,023. Insiders own 27.40% of the company’s stock.

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Zscaler Profile

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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