Harvest Fund Management Co. Ltd Purchases 2,067 Shares of Zscaler, Inc. (NASDAQ:ZS)

Harvest Fund Management Co. Ltd boosted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 29.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,029 shares of the company’s stock after buying an additional 2,067 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Zscaler were worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Zscaler during the fourth quarter worth $404,000. Brooklyn FI LLC bought a new position in shares of Zscaler in the fourth quarter valued at about $1,957,000. Xponance Inc. raised its position in shares of Zscaler by 8.2% in the fourth quarter. Xponance Inc. now owns 17,127 shares of the company’s stock valued at $3,090,000 after purchasing an additional 1,295 shares during the period. Evoke Wealth LLC bought a new position in shares of Zscaler in the fourth quarter valued at about $221,000. Finally, Leelyn Smith LLC raised its position in shares of Zscaler by 7.0% in the fourth quarter. Leelyn Smith LLC now owns 5,303 shares of the company’s stock valued at $957,000 after purchasing an additional 347 shares during the period. 46.45% of the stock is owned by institutional investors.

Insider Activity at Zscaler

In other Zscaler news, major shareholder Ajay Mangal sold 190,480 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $200.69, for a total transaction of $38,227,431.20. Following the sale, the insider now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 18.10% of the stock is currently owned by insiders.

Zscaler Trading Up 1.2 %

Shares of Zscaler stock opened at $203.95 on Thursday. The firm has a market capitalization of $31.56 billion, a PE ratio of -815.80 and a beta of 0.88. The firm’s 50 day moving average is $199.11 and its 200 day moving average is $191.72. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $217.84.

Wall Street Analysts Forecast Growth

ZS has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Zscaler from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, March 6th. Citigroup reissued a “buy” rating and issued a $240.00 price objective (up from $235.00) on shares of Zscaler in a research report on Wednesday, March 5th. Oppenheimer increased their price objective on shares of Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group set a $207.00 price objective on shares of Zscaler and gave the stock a “neutral” rating in a research note on Thursday, March 6th. Finally, Robert W. Baird lifted their price objective 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. Nine investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $232.68.

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.