This afternoon we watched Zscaler drop -3.3% to a price of $112.95 per share. The large-cap Data Processing Services company is now trading -28.53% below its average target price of $158.04. Analysts have set target prices ranging from $120.0 to $225.0 per share for Zscaler, and have given the stock an average rating of buy.
Zscaler has an average level of shares sold short, at 8.1% of its total share float. The stock's short ratio (also called days to cover) is 2.18. The company's insiders own 39.8% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Institutional investors own 49.4% of Zscaler's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in Zscaler
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Vanguard Group, Inc. (The) | 6% | 8,183,936 | $924,375,546 |
| 2022-12-31 | Blackrock Inc. | 4% | 6,305,320 | $712,185,874 |
| 2022-12-31 | Artisan Partners Limited Partnership | 3% | 4,774,237 | $539,250,054 |
| 2022-12-31 | Capital Research Global Investors | 2% | 3,243,437 | $366,346,199 |
| 2022-12-31 | Voya Investment Management LLC | 2% | 2,878,810 | $325,161,580 |
| 2022-12-31 | Goldman Sachs Group Inc | 1% | 2,079,256 | $234,851,958 |
| 2022-12-31 | JP Morgan Chase & Company | 1% | 1,867,546 | $210,939,315 |
| 2022-12-31 | First Trust Advisors LP | 1% | 1,777,929 | $200,817,075 |
| 2022-12-31 | State Street Corporation | 1% | 1,741,930 | $196,750,988 |
| 2022-12-31 | Champlain Investment Partners, LLC | 1% | 1,354,445 | $152,984,558 |
