Virtu Financial LLC Invests $3.15 Million in Zscaler, Inc. (NASDAQ:ZS)

Virtu Financial LLC bought a new stake in Zscaler, Inc. (NASDAQ:ZS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,434 shares of the company’s stock, valued at approximately $3,145,000.

Several other institutional investors have also recently added to or reduced their stakes in ZS. Global X Japan Co. Ltd. raised its stake in Zscaler by 127.4% in the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after purchasing an additional 79 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in Zscaler in the 4th quarter valued at about $29,000. Prestige Wealth Management Group LLC acquired a new position in Zscaler in the 3rd quarter valued at about $31,000. True Wealth Design LLC raised its stake in Zscaler by 18,500.0% in the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after purchasing an additional 185 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in Zscaler by 136.8% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Performance

Zscaler stock opened at $205.20 on Friday. The stock’s 50 day moving average price is $199.74 and its 200 day moving average price is $191.84. The firm has a market capitalization of $31.75 billion, a PE ratio of -820.80 and a beta of 0.88. Zscaler, Inc. has a one year low of $153.45 and a one year high of $217.84.

Analyst Upgrades and Downgrades

Several research firms have commented on ZS. Needham & Company LLC restated a “buy” rating and issued a $240.00 price target on shares of Zscaler in a report on Wednesday, March 5th. Mizuho lifted their price target on Zscaler from $210.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. The Goldman Sachs Group set a $207.00 price target on Zscaler and gave the company a “neutral” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. lifted their price target on Zscaler from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. Finally, Morgan Stanley began coverage on Zscaler in a report on Tuesday. They issued an “equal weight” rating for the company. Nine analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $232.68.

Insider Buying and Selling at Zscaler

In other Zscaler news, CFO Remo Canessa sold 3,721 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total value of $741,037.15. Following the transaction, the chief financial officer now directly owns 213,702 shares of the company’s stock, valued at $42,558,753.30. This represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Schlossman sold 2,878 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $573,153.70. Following the completion of the transaction, the insider now directly owns 107,587 shares in the company, valued at approximately $21,425,951.05. The trade was a 2.61 % 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 in the last three months. Corporate insiders own 18.10% of the company’s stock.

About Zscaler

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.