Zscaler, Inc. (NASDAQ:ZS) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its stake in Zscaler, Inc. (NASDAQ:ZS) by 26.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,952 shares of the company’s stock after selling 3,875 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Zscaler were worth $1,976,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ZS. Rockland Trust Co. bought a new position in Zscaler during the 4th quarter worth approximately $203,000. Assenagon Asset Management S.A. raised its position in shares of Zscaler by 59.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company’s stock valued at $34,421,000 after acquiring an additional 71,297 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in Zscaler during the fourth quarter worth $1,976,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Zscaler by 10.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,304 shares of the company’s stock worth $2,220,000 after purchasing an additional 1,169 shares during the period. Finally, Bouvel Investment Partners LLC increased its stake in Zscaler by 1.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 17,547 shares of the company’s stock valued at $3,166,000 after purchasing an additional 241 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,155 shares of the 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 transaction, the chief executive officer now owns 356,414 shares in the company, valued at $70,979,848.10. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Ajay Mangal sold 190,480 shares of the business’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 sale, the insider now owns 2,580,210 shares in the company, valued at approximately $517,822,344.90. The trade was a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 209,234 shares of company stock valued at $42,030,790 in the last quarter. Insiders own 18.10% of the company’s stock.

Zscaler Trading Up 0.6%

Shares of NASDAQ ZS opened at $245.92 on Friday. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $247.28. The company has a market capitalization of $38.05 billion, a price-to-earnings ratio of -983.68 and a beta of 1.14. The firm has a 50-day moving average of $209.13 and a two-hundred day moving average of $201.55.

Analyst Ratings Changes

Several research firms have recently commented on ZS. Needham & Company LLC reaffirmed a “buy” rating and issued a $240.00 price target on shares of Zscaler in a report on Wednesday, March 5th. Royal Bank of Canada lifted their target price on Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Scotiabank reiterated a “sector outperform” rating and set a $242.00 price target (up from $225.00) on shares of Zscaler in a research report on Wednesday, March 5th. The Goldman Sachs Group set a $207.00 price target on Zscaler and gave the stock a “neutral” rating in a report on Thursday, March 6th. Finally, Jefferies Financial Group lowered their price objective on Zscaler from $245.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Eight analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $237.44.

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.