Zscaler, Inc. (NASDAQ:ZS) Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Zscaler, Inc. (NASDAQ:ZS) by 327.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,044 shares of the company’s stock after acquiring an additional 7,695 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Zscaler were worth $1,836,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Zweig DiMenna Associates LLC grew its stake in shares of Zscaler by 29.8% during the 4th quarter. Zweig DiMenna Associates LLC now owns 77,941 shares of the company’s stock worth $14,061,000 after purchasing an additional 17,900 shares during the period. Baader Bank Aktiengesellschaft grew its stake in Zscaler by 30.3% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 8,400 shares of the company’s stock valued at $1,515,000 after acquiring an additional 1,952 shares during the period. Everence Capital Management Inc. acquired a new stake in Zscaler in the 4th quarter valued at $565,000. SYM FINANCIAL Corp acquired a new stake in Zscaler in the 4th quarter valued at $303,000. Finally, Merit Financial Group LLC acquired a new stake in Zscaler in the 4th quarter valued at $787,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling at Zscaler

In other news, major shareholder Ajay Mangal sold 190,480 shares of Zscaler stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $200.69, for a total value of $38,227,431.20. Following the sale, the insider now owns 2,580,210 shares of the company’s stock, valued at $517,822,344.90. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew William Fraser Brown sold 10,000 shares of Zscaler stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $206.00, for a total transaction of $2,060,000.00. Following the completion of the sale, the director now directly owns 27,216 shares in the company, valued at approximately $5,606,496. The trade was a 26.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,234 shares of company stock worth $42,030,790. 18.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ZS has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on shares of Zscaler from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. The Goldman Sachs Group set a $207.00 target price on shares of Zscaler and gave the stock a “neutral” rating in a research note on Thursday, March 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $244.00 target price on shares of Zscaler in a research note on Thursday, March 6th. Robert W. Baird lifted their target price on shares of Zscaler from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Finally, Wedbush lifted their target price on shares of Zscaler from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and an average target price of $234.16.

Zscaler Stock Performance

NASDAQ ZS opened at $215.58 on Monday. The firm has a market cap of $33.36 billion, a PE ratio of -862.32 and a beta of 1.12. Zscaler, Inc. has a one year low of $153.45 and a one year high of $217.84. The firm’s fifty day moving average is $199.30 and its two-hundred day moving average is $197.39.

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.