Zscaler, Inc. (NASDAQ:ZS) Stock Holdings Lowered by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lowered its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 48.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 435 shares of the company’s stock after selling 405 shares during the period. EverSource Wealth Advisors LLC’s holdings in Zscaler were worth $78,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. grew its position in shares of Zscaler by 127.4% during 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 acquired a new stake in Zscaler in the fourth quarter worth about $29,000. Prestige Wealth Management Group LLC acquired a new stake in Zscaler in the third quarter worth about $31,000. True Wealth Design LLC lifted its holdings in Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after purchasing an additional 185 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after purchasing an additional 104 shares during the period. Institutional investors own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ZS shares. JPMorgan Chase & Co. upped their price objective on shares of Zscaler from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. UBS Group upped their price objective on shares of Zscaler from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. BMO Capital Markets upped their price target on shares of Zscaler from $222.00 to $233.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Sanford C. Bernstein reissued an “outperform” rating and issued a $244.00 price target on shares of Zscaler in a report on Thursday, March 6th. Finally, Loop Capital cut their price target on shares of Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $233.06.

Zscaler Stock Performance

NASDAQ:ZS opened at $201.59 on Wednesday. The stock’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. The company has a market capitalization of $31.19 billion, a P/E ratio of -806.36 and a beta of 0.88.

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.