Virtu Financial LLC Invests $3.15 Million in Zscaler, Inc. (NASDAQ:ZS)

Virtu Financial LLC purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,434 shares of the company’s stock, valued at approximately $3,145,000.

Several other hedge funds have also made changes to their positions in the business. Erste Asset Management GmbH lifted its position in shares of Zscaler by 0.6% during the fourth quarter. Erste Asset Management GmbH now owns 9,780 shares of the company’s stock worth $1,805,000 after purchasing an additional 56 shares in the last quarter. KRS Capital Management LLC raised its holdings in Zscaler by 1.9% in the fourth quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock valued at $588,000 after acquiring an additional 60 shares in the last quarter. Ironwood Investment Management LLC raised its holdings in Zscaler by 1.0% in the fourth quarter. Ironwood Investment Management LLC now owns 6,249 shares of the company’s stock valued at $1,127,000 after acquiring an additional 64 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Zscaler by 16.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the company’s stock valued at $88,000 after acquiring an additional 69 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Zscaler by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock valued at $81,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analyst Ratings Changes

ZS has been the topic of several analyst reports. Susquehanna raised their target price on shares of Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a report on Tuesday, December 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $244.00 target price on shares of Zscaler in a report on Thursday, March 6th. JPMorgan Chase & Co. raised their target price on shares of Zscaler from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. Robert W. Baird increased their price target on shares of Zscaler from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Finally, Rosenblatt Securities upgraded shares of Zscaler from a “neutral” rating to a “buy” rating and increased their price target for the company from $190.00 to $235.00 in a research note on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $232.68.

Zscaler Price Performance

NASDAQ:ZS opened at $205.20 on Friday. The firm’s fifty day moving average price is $199.74 and its 200 day moving average price is $191.84. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $217.84. The firm has a market cap of $31.75 billion, a price-to-earnings ratio of -820.80 and a beta of 0.88.

Insider Activity at Zscaler

In other news, insider Robert Schlossman sold 2,878 shares of Zscaler stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total transaction of $573,153.70. Following the completion of the transaction, the insider now owns 107,587 shares of the company’s stock, valued at $21,425,951.05. The trade was a 2.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Ajay Mangal sold 190,480 shares of Zscaler stock in a transaction on Monday, March 17th. The stock was sold at an average price of $200.69, for a total value of $38,227,431.20. Following the transaction, the insider now directly owns 2,580,210 shares of the company’s stock, valued at $517,822,344.90. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 199,234 shares of company stock worth $39,970,790 in the last three months. Insiders own 18.10% of the company’s stock.

About Zscaler

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.