Guggenheim Capital LLC Acquires 3,084 Shares of Zscaler, Inc. (NASDAQ:ZS)

Guggenheim Capital LLC lifted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 4.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 70,812 shares of the company’s stock after purchasing an additional 3,084 shares during the period. Guggenheim Capital LLC’s holdings in Zscaler were worth $12,775,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings in Zscaler by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 1,658,406 shares of the company’s stock valued at $298,710,000 after buying an additional 32,545 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Zscaler by 25.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company’s stock valued at $291,935,000 after acquiring an additional 332,307 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Zscaler by 30.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 868,795 shares of the company’s stock worth $156,739,000 after purchasing an additional 204,996 shares during the period. DnB Asset Management AS boosted its holdings in shares of Zscaler by 66.8% during the fourth quarter. DnB Asset Management AS now owns 667,383 shares of the company’s stock worth $120,403,000 after purchasing an additional 267,162 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Zscaler by 3.2% during the 4th quarter. Bank of New York Mellon Corp now owns 539,113 shares of the company’s stock valued at $97,261,000 after purchasing an additional 16,742 shares during the period. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Activity at Zscaler

In other Zscaler news, Director Andrew William Fraser Brown sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $206.00, for a total transaction of $2,060,000.00. Following the sale, the director now directly owns 27,216 shares of the company’s stock, valued at $5,606,496. This trade represents a 26.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,155 shares of Zscaler stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $429,168.25. Following the sale, the chief executive officer now directly owns 356,414 shares in the company, valued at $70,979,848.10. This trade represents a 0.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,234 shares of company stock worth $42,030,790. Corporate insiders own 18.10% of the company’s stock.

Zscaler Trading Up 2.6 %

ZS opened at $204.64 on Wednesday. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $217.84. The firm’s 50 day simple moving average is $200.78 and its two-hundred day simple moving average is $195.74. The company has a market capitalization of $31.66 billion, a PE ratio of -818.56 and a beta of 1.12.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ZS shares. UBS Group increased their price objective on Zscaler from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Royal Bank of Canada lifted their price target on shares of Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Morgan Stanley initiated coverage on shares of Zscaler in a report on Tuesday, March 18th. They issued an “equal weight” rating for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $244.00 target price on shares of Zscaler in a research report on Thursday, March 6th. Finally, Cantor Fitzgerald raised shares of Zscaler from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $220.00 to $250.00 in a research note on Thursday, April 3rd. Eight investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $234.94.

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.