Korea Investment CORP Has $24.57 Million Holdings in Zscaler, Inc. (NASDAQ:ZS)

Korea Investment CORP lifted its holdings in Zscaler, Inc. (NASDAQ:ZS) by 144.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,160 shares of the company’s stock after buying an additional 80,416 shares during the period. Korea Investment CORP owned about 0.09% of Zscaler worth $24,565,000 as of its most recent SEC filing.

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

Zscaler Trading Down 1.1 %

NASDAQ:ZS opened at $207.14 on Friday. The stock has a market capitalization of $32.05 billion, a P/E ratio of -828.56 and a beta of 0.88. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $217.84. The firm has a 50 day moving average of $202.08 and a 200-day moving average of $193.41.

Insider Buying and Selling at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,155 shares of the company’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 $429,168.25. Following the transaction, the chief executive officer now directly owns 356,414 shares in the company, valued at approximately $70,979,848.10. This represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ajay Mangal sold 190,480 shares of the firm’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 completion of the sale, the insider now directly owns 2,580,210 shares of the company’s stock, valued at approximately $517,822,344.90. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 199,234 shares of company stock worth $39,970,790. 18.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ZS has been the subject of several recent analyst reports. Oppenheimer upped their price objective on shares of Zscaler from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft increased their target price on Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. BMO Capital Markets lifted their price target on Zscaler from $222.00 to $233.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Canaccord Genuity Group upped their price target on Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Mizuho raised their price objective on shares of Zscaler from $210.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $232.68.

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.