CenterBook Partners LP Makes New $803,000 Investment in Zscaler, Inc. (NASDAQ:ZS)

CenterBook Partners LP acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS – Get Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,883 shares of the company’s stock, valued at approximately $803,000.

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Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Zscaler by 14.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 557,345 shares of the company’s stock valued at $134,476,000 after purchasing an additional 68,982 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new position in Zscaler in the first quarter valued at about $244,000. D.A. Davidson & CO. raised its stake in Zscaler by 41.6% in the first quarter. D.A. Davidson & CO. now owns 1,130 shares of the company’s stock valued at $273,000 after purchasing an additional 332 shares in the last quarter. MetLife Investment Management LLC acquired a new position in Zscaler in the first quarter valued at about $1,232,000. Finally, Dimensional Fund Advisors LP grew its position in Zscaler by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 121,598 shares of the company’s stock valued at $29,338,000 after acquiring an additional 2,153 shares during the last quarter. 45.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on ZS shares. JMP Securities decreased their target price on Zscaler from $280.00 to $225.00 and set a “market outperform” rating on the stock in a research report on Friday, December 2nd. Scotiabank started coverage on Zscaler in a report on Tuesday, January 17th. They set a “sector outperform” rating and a $115.00 price target on the stock. MKM Partners reduced their price target on Zscaler from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, November 28th. Truist Financial reduced their price target on Zscaler from $250.00 to $153.00 in…