Sava Infond d.o.o. Acquires New Holdings in Zscaler, Inc. (NASDAQ:ZS)

Sava Infond d.o.o. bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 340 shares of the company’s stock, valued at approximately $61,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership grew its position in shares of Zscaler by 30.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 868,795 shares of the company’s stock valued at $156,739,000 after purchasing an additional 204,996 shares during the last quarter. Korea Investment CORP boosted its stake in Zscaler by 144.3% during the 4th quarter. Korea Investment CORP now owns 136,160 shares of the company’s stock valued at $24,565,000 after purchasing an additional 80,416 shares during the period. Arlington Capital Management Inc. acquired a new stake in Zscaler in the 4th quarter valued at approximately $2,107,000. Corebridge Financial Inc. increased its position in Zscaler by 0.5% in the 4th quarter. Corebridge Financial Inc. now owns 11,695 shares of the company’s stock worth $2,110,000 after buying an additional 54 shares during the period. Finally, Congress Wealth Management LLC DE acquired a new position in shares of Zscaler during the fourth quarter worth approximately $221,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Performance

Zscaler stock opened at $209.45 on Friday. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $217.84. The firm has a market cap of $32.41 billion, a P/E ratio of -837.80 and a beta of 0.88. The business’s fifty day moving average is $201.69 and its two-hundred day moving average is $193.07.

Insider Buying and Selling

In other news, major shareholder Ajay Mangal sold 190,480 shares of the company’s stock in a transaction 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 transaction, the insider now owns 2,580,210 shares of the company’s stock, valued at $517,822,344.90. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jagtar Singh Chaudhry sold 2,155 shares of Zscaler stock in a transaction dated 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 sale, the chief executive officer now owns 356,414 shares of the company’s stock, valued at approximately $70,979,848.10. The trade was a 0.60 % 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 90 days. Corporate insiders own 18.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Zscaler from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 6th. Rosenblatt Securities upgraded shares of Zscaler from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $190.00 to $235.00 in a report on Thursday, March 6th. BTIG Research set a $252.00 target price on shares of Zscaler and gave the company a “buy” rating in a research note on Thursday, March 6th. UBS Group boosted their price target on Zscaler from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, Susquehanna upped their price target on Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a report on Tuesday, December 3rd. 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, Zscaler has a consensus rating of “Moderate Buy” and a consensus price target 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.