Vestor Capital LLC Acquires Shares of 13,877 Zscaler, Inc. (NASDAQ:ZS)

Vestor Capital LLC acquired a new stake in Zscaler, Inc. (NASDAQ:ZS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,877 shares of the company’s stock, valued at approximately $2,504,000.

Other large investors also recently bought and sold shares of the company. Fred Alger Management LLC raised its holdings in shares of Zscaler by 1,151.0% in the third quarter. Fred Alger Management LLC now owns 10,371 shares of the company’s stock valued at $1,773,000 after buying an additional 9,542 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Zscaler by 11.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock valued at $65,036,000 after buying an additional 37,801 shares during the last quarter. Zweig DiMenna Associates LLC raised its holdings in shares of Zscaler by 29.8% in the fourth quarter. Zweig DiMenna Associates LLC now owns 77,941 shares of the company’s stock valued at $14,061,000 after buying an additional 17,900 shares during the last quarter. Baader Bank Aktiengesellschaft raised its holdings in shares of Zscaler by 30.3% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 8,400 shares of the company’s stock valued at $1,515,000 after buying an additional 1,952 shares during the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Zscaler in the third quarter valued at about $449,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Activity

In related news, insider Robert Schlossman sold 2,878 shares of the firm’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 transaction of $573,153.70. Following the sale, the insider now owns 107,587 shares in the company, valued at approximately $21,425,951.05. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ajay Mangal sold 190,480 shares of the firm’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 sale, the insider now owns 2,580,210 shares in the company, valued at approximately $517,822,344.90. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 199,234 shares of company stock worth $39,970,790 over the last ninety days. 18.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Citigroup reaffirmed a “buy” rating and issued a $240.00 target price (up from $235.00) on shares of Zscaler in a report on Wednesday, March 5th. BMO Capital Markets upped their target price on shares of Zscaler from $222.00 to $233.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. increased their price target on shares of Zscaler from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. Barclays reissued an “overweight” rating on shares of Zscaler in a report on Wednesday, March 5th. Finally, Morgan Stanley assumed coverage on shares of Zscaler in a report on Tuesday. They set an “equal weight” rating for the company. Nine investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $232.68.

Zscaler Price Performance

ZS stock opened at $205.20 on Friday. The company’s 50 day simple moving average is $199.74 and its 200-day simple moving average 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 12 month low of $153.45 and a 12 month high of $217.84.

Zscaler 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.