UniSuper Management Pty Ltd Sells 300 Shares of Zscaler, Inc. (NASDAQ:ZS)

UniSuper Management Pty Ltd reduced its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 14.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,800 shares of the company’s stock after selling 300 shares during the period. UniSuper Management Pty Ltd’s holdings in Zscaler were worth $325,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ZS. Global X Japan Co. Ltd. increased its holdings in Zscaler by 127.4% in the 4th 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 purchased a new position in shares of Zscaler in the fourth quarter worth about $29,000. Prestige Wealth Management Group LLC purchased a new position in shares of Zscaler in the third quarter worth about $31,000. True Wealth Design LLC raised its position in shares of Zscaler by 18,500.0% in the third 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 period. Finally, Versant Capital Management Inc lifted its stake 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 buying an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling

In other news, insider Robert Schlossman sold 2,878 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $573,153.70. Following the completion of the transaction, the insider now directly owns 107,587 shares of the company’s stock, valued at approximately $21,425,951.05. This represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ajay Mangal sold 190,480 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $200.69, for a total value of $38,227,431.20. Following the completion of the sale, the insider now directly owns 2,580,210 shares in the company, valued at $517,822,344.90. The trade was 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 worth $39,970,790 in the last ninety days. 18.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ZS has been the topic of a number of analyst reports. Susquehanna boosted their target price on shares of Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a report on Tuesday, December 3rd. Rosenblatt Securities upgraded Zscaler from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $190.00 to $235.00 in a research note on Thursday, March 6th. Oppenheimer raised their target price on Zscaler from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Citigroup reaffirmed a “buy” rating and set a $240.00 target price (up previously from $235.00) on shares of Zscaler in a report on Wednesday, March 5th. Finally, UBS Group increased their price target on shares of Zscaler from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Nine investment 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 currently has an average rating of “Moderate Buy” and an average target price of $232.52.

Zscaler Trading Down 4.2 %

Shares of NASDAQ:ZS opened at $198.42 on Tuesday. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $217.84. The stock’s 50-day moving average price is $202.30 and its 200-day moving average price is $194.12. The stock has a market capitalization of $30.70 billion, a P/E ratio of -793.68 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.