Broderick Brian C Invests $329,000 in Zscaler, Inc. (NASDAQ:ZS)

Broderick Brian C bought a new stake in Zscaler, Inc. (NASDAQ:ZS – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,000 shares of the company’s stock, valued at approximately $329,000.

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Several other institutional investors and hedge funds have also bought and sold shares of the stock. Janney Montgomery Scott LLC grew its holdings in Zscaler by 44.8% during the second quarter. Janney Montgomery Scott LLC now owns 3,981 shares of the company’s stock worth $617,000 after purchasing an additional 1,232 shares during the period. Kingsview Wealth Management LLC acquired a new position in shares of Zscaler during the 2nd quarter worth approximately $1,435,000. Clear Street Markets LLC bought a new stake in Zscaler in the 3rd quarter valued at $58,000. Valeo Financial Advisors LLC lifted its holdings in Zscaler by 374.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,394 shares of the company’s stock valued at $229,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in Zscaler by 35.8% during the second quarter. Parallel Advisors LLC now owns 398 shares of the company’s stock worth $60,000 after purchasing an additional 105 shares during the period. Institutional investors own 45.33% of the company’s stock.

Analyst Ratings Changes

ZS has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their price objective on Zscaler from $185.00 to $155.00 and set an “outperform” rating for the company in a report on Monday, November 28th. Macquarie began coverage on shares of Zscaler in a research report on Wednesday, November 2nd. They issued a “neutral” rating and a $155.00 target price for the company. Sumitomo Mitsui Financial Group started coverage on shares of Zscaler in a research report on Friday, October 7th. They set an “outperform” rating and a $220.00 price target on the stock. Wells Fargo & Company dropped their price objective on shares of Zscaler from $190.00 to…