Bank Julius Baer & Co. Ltd Zurich Decreases Holdings in Zscaler, Inc. (NASDAQ:ZS)

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 8.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,709 shares of the company’s stock after selling 796 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Zscaler were worth $1,930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Zscaler by 1.5% during the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock worth $1,343,810,000 after purchasing an additional 129,090 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Zscaler by 5.6% during the 3rd quarter. Northern Trust Corp now owns 556,446 shares of the company’s stock worth $86,577,000 after acquiring an additional 29,405 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Zscaler by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 512,094 shares of the company’s stock worth $79,677,000 after acquiring an additional 6,821 shares in the last quarter. Polar Capital Holdings Plc purchased a new stake in shares of Zscaler during the 3rd quarter worth approximately $61,681,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Zscaler by 10.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 302,326 shares of the company’s stock worth $66,984,000 after acquiring an additional 27,947 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the sale, the chief executive officer now directly owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Zscaler news, CFO Remo Canessa sold 7,707 shares of the stock in a transaction on Monday, March 18th. The shares were 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 in the company, valued at $49,435,390.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following the completion of the sale, the chief executive officer now owns 367,152 shares in the company, valued at $70,915,408.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,715 shares of company stock valued at $5,865,882. 19.20% of the stock is currently owned by insiders.

Zscaler Price Performance

NASDAQ ZS opened at $177.05 on Friday. Zscaler, Inc. has a 1 year low of $84.93 and a 1 year high of $259.61. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $26.54 billion, a P/E ratio of -186.37 and a beta of 0.80. The business’s fifty day moving average is $198.51 and its two-hundred day moving average is $203.25.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. The firm had revenue of $525.00 million during the quarter, compared to analysts’ expectations of $507.56 million. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. On average, research analysts forecast that Zscaler, Inc. will post -0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. KeyCorp upgraded Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 price objective for the company in a report on Thursday, April 18th. Barclays reduced their price target on shares of Zscaler from $259.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Rosenblatt Securities raised their target price on shares of Zscaler from $285.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Macquarie reissued an “outperform” rating and issued a $245.00 target price on shares of Zscaler in a report on Tuesday, March 19th. Finally, Robert W. Baird raised their target price on shares of Zscaler from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Five analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $230.24.

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.