Leelyn Smith LLC Has $957,000 Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Leelyn Smith LLC lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,303 shares of the company’s stock after purchasing an additional 347 shares during the period. Leelyn Smith LLC’s holdings in Zscaler were worth $957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Champlain Investment Partners LLC grew its holdings in Zscaler by 28.2% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock worth $220,401,000 after acquiring an additional 283,540 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Zscaler during the fourth quarter worth $28,072,000. Westfield Capital Management Co. LP grew its stake in shares of Zscaler by 33.8% in the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock worth $68,293,000 after purchasing an additional 100,814 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Zscaler by 59.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company’s stock valued at $34,421,000 after purchasing an additional 71,297 shares during the period. Finally, Thematics Asset Management increased its holdings in Zscaler by 88.5% in the third quarter. Thematics Asset Management now owns 147,000 shares of the company’s stock valued at $25,128,000 after purchasing an additional 69,000 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Up 2.4 %

ZS stock opened at $202.65 on Tuesday. The stock’s 50 day moving average is $198.42 and its 200-day moving average is $191.63. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $217.84. The firm has a market capitalization of $31.36 billion, a PE ratio of -810.60 and a beta of 0.88.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group upped their price target on Zscaler from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 target price on shares of Zscaler in a report on Wednesday, March 5th. Bank of America upgraded shares of Zscaler from a “neutral” rating to a “buy” rating and raised their price target for the stock from $215.00 to $240.00 in a report on Friday, March 7th. Mizuho upped their price objective on shares of Zscaler from $210.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Zscaler from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $233.88.

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.