Schroder Investment Management Group Sells 11,241 Shares of Zscaler, Inc. (NASDAQ:ZS)

Schroder Investment Management Group lessened its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,308 shares of the company’s stock after selling 11,241 shares during the quarter. Schroder Investment Management Group owned about 0.09% of Zscaler worth $24,952,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Global X Japan Co. Ltd. increased its position in Zscaler by 127.4% during the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after acquiring an additional 79 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in Zscaler in the fourth quarter worth about $29,000. Prestige Wealth Management Group LLC bought a new stake in shares of Zscaler during the 3rd quarter valued at about $31,000. Versant Capital Management Inc increased its position in shares of Zscaler by 136.8% during 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. Finally, Modus Advisors LLC bought a new position in shares of Zscaler in the 4th quarter worth approximately $36,000. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Up 3.0 %

Zscaler stock opened at $207.04 on Thursday. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $217.84. The company has a market cap of $32.03 billion, a price-to-earnings ratio of -828.16 and a beta of 1.12. The firm’s fifty day moving average is $202.77 and its 200 day moving average is $194.42.

Insider Activity

In other news, major shareholder Ajay Mangal sold 190,480 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $200.69, for a total transaction of $38,227,431.20. Following the transaction, the insider now owns 2,580,210 shares of the company’s stock, valued at approximately $517,822,344.90. The trade was a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,155 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was 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 owns 356,414 shares of the company’s stock, valued at approximately $70,979,848.10. This represents a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 199,234 shares of company stock worth $39,970,790. 18.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on ZS shares. The Goldman Sachs Group set a $207.00 target price on shares of Zscaler and gave the company a “neutral” rating in a report on Thursday, March 6th. Bank of America upgraded Zscaler from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $215.00 to $240.00 in a research note on Friday, March 7th. Morgan Stanley assumed coverage on Zscaler in a research report on Tuesday, March 18th. They set an “equal weight” rating on the stock. Citigroup restated a “buy” rating and issued a $240.00 price target (up previously from $235.00) on shares of Zscaler in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company lifted their price objective on Zscaler from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and a consensus price target of $232.35.

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.