Signaturefd LLC Lowers Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Signaturefd LLC lessened its holdings in Zscaler, Inc. (NASDAQ:ZS) by 7.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 950 shares of the company’s stock after selling 78 shares during the quarter. Signaturefd LLC’s holdings in Zscaler were worth $171,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Erste Asset Management GmbH raised its stake in shares of Zscaler by 0.6% during the 4th quarter. Erste Asset Management GmbH now owns 9,780 shares of the company’s stock worth $1,805,000 after acquiring an additional 56 shares in the last quarter. KRS Capital Management LLC raised its stake in shares of Zscaler by 1.9% during the 4th quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock worth $588,000 after acquiring an additional 60 shares in the last quarter. Ironwood Investment Management LLC raised its stake in shares of Zscaler by 1.0% during the 4th quarter. Ironwood Investment Management LLC now owns 6,249 shares of the company’s stock worth $1,127,000 after acquiring an additional 64 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Zscaler by 16.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the company’s stock worth $88,000 after acquiring an additional 69 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Zscaler by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock worth $81,000 after acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Bank of America upgraded shares of Zscaler from a “neutral” rating to a “buy” rating and upped their price target for the company from $215.00 to $240.00 in a research note on Friday, March 7th. Susquehanna upped their price target on shares of Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada upped their price target on shares of Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Guggenheim restated a “neutral” rating on shares of Zscaler in a research note on Tuesday, December 3rd. Finally, 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 research note on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.68.

Zscaler Stock Up 0.8 %

ZS opened at $205.20 on Friday. The company has a market cap of $31.75 billion, a price-to-earnings ratio of -820.80 and a beta of 0.88. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $217.84. The firm’s fifty day simple moving average is $199.74 and its two-hundred day simple moving average is $191.83.

Insider Buying and Selling at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,155 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $429,168.25. Following the completion of the sale, the chief executive officer now directly owns 356,414 shares in the company, valued at $70,979,848.10. This represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ajay Mangal sold 190,480 shares of the stock in a transaction dated 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 sale, the insider now owns 2,580,210 shares of the company’s stock, valued at $517,822,344.90. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 199,234 shares of company stock valued at $39,970,790 over the last ninety days. Corporate insiders own 18.10% of the company’s stock.

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.