Trivest Advisors Ltd Acquires 122,000 Shares of Zscaler, Inc. (NASDAQ:ZS)

Trivest Advisors Ltd increased its holdings in Zscaler, Inc. (NASDAQ:ZS) by 95.3% in the fourth quarter, HoldingsChannel reports. The firm owned 250,000 shares of the company’s stock after purchasing an additional 122,000 shares during the period. Zscaler accounts for approximately 2.0% of Trivest Advisors Ltd’s portfolio, making the stock its 18th biggest holding. Trivest Advisors Ltd’s holdings in Zscaler were worth $45,102,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ZS. Global X Japan Co. Ltd. raised its position in shares of Zscaler by 127.4% in the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after purchasing an additional 79 shares during the period. Stonebridge Financial Group LLC acquired a new position in Zscaler during the 4th quarter worth $29,000. Prestige Wealth Management Group LLC bought a new stake in Zscaler during the third quarter valued at about $31,000. True Wealth Design LLC grew its position in shares of Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after purchasing an additional 185 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after purchasing an additional 104 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Down 0.5 %

Shares of NASDAQ:ZS opened at $201.59 on Wednesday. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $217.84. The firm has a market cap of $31.19 billion, a P/E ratio of -806.36 and a beta of 0.88. The company’s 50-day moving average price is $198.77 and its two-hundred day moving average price is $191.64.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Scotiabank restated a “sector outperform” rating and set a $242.00 target price (up previously from $225.00) on shares of Zscaler in a research note on Wednesday, March 5th. Sanford C. Bernstein reissued an “outperform” rating and issued a $244.00 price objective on shares of Zscaler in a research report on Thursday, March 6th. BMO Capital Markets boosted their target price on shares of Zscaler from $222.00 to $233.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Wells Fargo & Company upped their target price 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, Susquehanna boosted their price objective on shares of Zscaler from $210.00 to $225.00 and gave the stock a “positive” rating in a report on Tuesday, December 3rd. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.06.

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.