Leelyn Smith LLC Buys 347 Shares of Zscaler, Inc. (NASDAQ:ZS)

Leelyn Smith LLC lifted its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,303 shares of the company’s stock after purchasing an additional 347 shares during the period. Leelyn Smith LLC’s holdings in Zscaler were worth $957,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Champlain Investment Partners LLC lifted its stake in Zscaler by 28.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock valued at $220,401,000 after purchasing an additional 283,540 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Zscaler in the fourth quarter valued at approximately $28,072,000. Westfield Capital Management Co. LP lifted its position in shares of Zscaler by 33.8% in the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock valued at $68,293,000 after buying an additional 100,814 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Zscaler by 59.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company’s stock worth $34,421,000 after acquiring an additional 71,297 shares during the period. Finally, Thematics Asset Management increased its holdings in shares of Zscaler by 88.5% during the 3rd quarter. Thematics Asset Management now owns 147,000 shares of the company’s stock worth $25,128,000 after acquiring an additional 69,000 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on ZS shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Zscaler in a research report on Thursday, March 6th. Barclays reaffirmed an “overweight” rating on shares of Zscaler in a report on Wednesday, March 5th. Cantor Fitzgerald upgraded shares of Zscaler to a “hold” rating in a research note on Monday, November 18th. Bank of America upgraded shares of Zscaler from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $215.00 to $240.00 in a research report on Friday, March 7th. Finally, BMO Capital Markets upped their target price on Zscaler from $222.00 to $233.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and an average price target of $233.88.

Zscaler Trading Up 2.4 %

ZS opened at $202.65 on Tuesday. The company’s 50 day moving average is $198.42 and its 200-day moving average is $191.63. The company has a market cap of $31.36 billion, a P/E ratio of -810.60 and a beta of 0.88. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $217.84.

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.