Syon Capital LLC Makes New Investment in Zscaler, Inc. (NASDAQ:ZS)

Syon Capital LLC purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,017 shares of the company’s stock, valued at approximately $668,000.

Other large investors also recently modified their holdings of the company. 1832 Asset Management L.P. bought a new stake in Zscaler during the 4th quarter worth approximately $217,683,000. Norges Bank acquired a new stake in Zscaler in the fourth quarter valued at $117,599,000. Polar Capital Holdings Plc bought a new position in Zscaler during the 3rd quarter worth $61,681,000. Trivest Advisors Ltd acquired a new position in Zscaler during the 4th quarter worth about $72,051,000. Finally, International Assets Investment Management LLC grew its position in shares of Zscaler by 19,012.4% in the 4th quarter. International Assets Investment Management LLC now owns 223,997 shares of the company’s stock valued at $49,629,000 after buying an additional 222,825 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ZS shares. Mizuho reduced their price objective on shares of Zscaler from $240.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Rosenblatt Securities reissued a “neutral” rating and set a $190.00 price objective on shares of Zscaler in a research report on Tuesday, May 28th. KeyCorp raised Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 target price for the company in a research report on Thursday, April 18th. Barclays boosted their price objective on Zscaler from $205.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $208.00 price target on shares of Zscaler in a research report on Friday. Six analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $225.21.

Zscaler Price Performance

NASDAQ ZS traded up $3.17 on Friday, reaching $184.22. 2,529,287 shares of the company’s stock traded hands, compared to its average volume of 2,737,712. The stock has a market cap of $27.84 billion, a PE ratio of -361.22 and a beta of 0.85. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.75 and a quick ratio of 1.98. Zscaler, Inc. has a 12 month low of $131.59 and a 12 month high of $259.61. The stock has a 50-day simple moving average of $176.12 and a 200 day simple moving average of $203.97.

Insider Activity

In other news, insider Syam Nair sold 2,893 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $558,782.95. Following the completion of the sale, the insider now owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Remo Canessa sold 7,707 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $1,488,607.05. Following the sale, the chief financial officer now directly owns 255,943 shares of the company’s stock, valued at $49,435,390.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Syam Nair sold 2,893 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $558,782.95. Following the transaction, the insider now directly owns 137,294 shares of the company’s stock, valued at approximately $26,518,336.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,715 shares of company stock valued at $2,455,902. Insiders own 19.20% of the company’s stock.

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.