10,112 Shares in Zscaler, Inc. (NASDAQ:ZS) Purchased by Brooklyn FI LLC

Brooklyn FI LLC bought a new stake in Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,112 shares of the company’s stock, valued at approximately $1,957,000.

Several other hedge funds also recently modified their holdings of the company. OneDigital Investment Advisors LLC lifted its stake in shares of Zscaler by 50.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the company’s stock worth $498,000 after purchasing an additional 983 shares during the period. Empowered Funds LLC increased its stake in Zscaler by 3.5% in the third quarter. Empowered Funds LLC now owns 19,578 shares of the company’s stock valued at $3,347,000 after purchasing an additional 665 shares during the last quarter. Swiss National Bank increased its stake in Zscaler by 1.1% in the third quarter. Swiss National Bank now owns 269,200 shares of the company’s stock valued at $46,017,000 after purchasing an additional 2,900 shares during the last quarter. LMR Partners LLP purchased a new position in Zscaler during the third quarter worth about $1,787,000. Finally, Aviance Capital Partners LLC boosted its stake in Zscaler by 6.7% in the 3rd quarter. Aviance Capital Partners LLC now owns 8,000 shares of the company’s stock worth $1,368,000 after buying an additional 500 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on ZS shares. BMO Capital Markets upped their price objective on shares of Zscaler from $222.00 to $233.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Morgan Stanley started coverage on shares of Zscaler in a research report on Tuesday. They set an “equal weight” rating for the company. JMP Securities reaffirmed a “market outperform” rating and set a $240.00 price target (down previously from $270.00) on shares of Zscaler in a research note on Tuesday, December 3rd. Wells Fargo & Company boosted their price objective on shares of Zscaler from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Thursday, March 6th. Finally, Wedbush increased their target price on Zscaler from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat, Zscaler currently has an average rating of “Moderate Buy” and a consensus price target of $233.06.

Zscaler Price Performance

Shares of ZS stock opened at $201.59 on Wednesday. The company’s fifty day moving average price is $198.77 and its two-hundred day moving average price is $191.64. The firm has a market capitalization of $31.19 billion, a P/E ratio of -806.36 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.