Two Sigma Advisers LP increased its holdings in Zscaler Inc (NASDAQ:ZS) by 70.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,600 shares of the company’s stock after acquiring an additional 5,200 shares during the quarter. Two Sigma Advisers LP’s holdings in Zscaler were worth $494,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Zscaler by 16.3% during the third quarter. JPMorgan Chase & Co. now owns 1,649,765 shares of the company’s stock valued at $67,277,000 after buying an additional 231,351 shares in the last quarter. BlackRock Inc. raised its stake in Zscaler by 33.8% during the third quarter. BlackRock Inc. now owns 1,268,626 shares of the company’s stock valued at $51,735,000 after buying an additional 320,565 shares in the last quarter. Credit Suisse AG acquired a new stake in Zscaler during the third quarter valued at approximately $1,758,000. Hsbc Holdings PLC acquired a new stake in Zscaler during the third quarter valued at approximately $303,000. Finally, Renaissance Technologies LLC acquired a new stake in Zscaler during the third quarter valued at approximately $280,000. Institutional investors and hedge funds own 29.84% of the company’s stock.
In related news, EVP Amit Sinha sold 4,807 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $46.88, for a total value of $225,352.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Remo Canessa sold 110,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $59.42, for a total value of $6,536,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 558,468 shares of company stock worth $30,837,157 over the last quarter. Insiders own 27.40% of the company’s stock.
Shares of Zscaler stock opened at $62.73 on Friday. Zscaler Inc has a twelve month low of $24.76 and a twelve month high of $72.94.
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Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.
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