Bank Julius Baer & Co. Ltd Zurich decreased its position in Zscaler, Inc. (NASDAQ:ZS – Get Rating) by 15.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,377 shares of the company's stock after selling 2,715 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Zscaler were worth $2,299,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. San Luis Wealth Advisors LLC purchased a new stake in shares of Zscaler during the first quarter worth $30,000. AlphaCentric Advisors LLC purchased a new stake in shares of Zscaler during the fourth quarter worth $33,000. Arlington Partners LLC increased its position in shares of Zscaler by 122.4% during the first quarter. Arlington Partners LLC now owns 109 shares of the company's stock worth $26,000 after acquiring an additional 60 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Zscaler during the first quarter worth $30,000. Finally, AdvisorNet Financial Inc increased its position in shares of Zscaler by 362.1% during the first quarter. AdvisorNet Financial Inc now owns 134 shares of the company's stock worth $32,000 after acquiring an additional 105 shares during the period. Hedge funds and other institutional investors own 45.51% of the company's stock.
Get
Zscaler alerts:
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on ZS. Deutsche Bank Aktiengesellschaft upped their price objective on Zscaler from $190.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, September 9th. Needham & Company LLC boosted their target price on shares of Zscaler from $185.00 to $210.00 and gave the stock a "strong-buy" rating in a research note on Friday, September 9th. Credit Suisse Group lowered their target price on shares of Zscaler from $310.00 to $275.00 and set an "outperform" rating for the company in a research note on Friday, September 9th. BMO Capital Markets boosted their target price on shares of Zscaler from $172.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, September 9th. Finally, Moffett Nathanson assumed coverage on shares of Zscaler in a research note on Thursday, September 22nd. They set a "hold" rating and a $268.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Zscaler has a consensus rating of "Moderate Buy" and an average target price of $235.03.
Insider Buying and Selling at Zscaler
In other Zscaler news, insider Robert Schlossman sold 8,045 shares of the stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $167.97, for a total value of $1,351,318.65. Following the completion of the transaction, the insider now directly owns 135,381 shares of the company's stock, valued at $22,739,946.57. The sale was disclosed in a filing with the SEC, which is available at
this link. In other news, COO Dali Rajic sold 20,000 shares of the stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $168.00, for a total value of $3,360,000.00. Following the sale, the chief operating officer now directly owns 270,599 shares in the company, valued at $45,460,632. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through
the SEC website. Also, insider Robert Schlossman sold 8,045 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $167.97, for a total transaction of $1,351,318.65. Following the completion of the sale, the insider now owns 135,381 shares in the company, valued at $22,739,946.57. The disclosure for this sale can be found
here. Over the last three months, insiders sold 171,514 shares of company stock valued at $28,809,807. Corporate insiders own 20.30% of the company's stock.
Zscaler Stock Up 3.2 %
NASDAQ ZS opened at $176.00 on Wednesday. Zscaler, Inc. has a 52-week low of $125.12 and a 52-week high of $376.11. The firm has a 50-day moving average price of $165.86 and a 200 day moving average price of $174.17. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.99 and a quick ratio of 1.99.
Zscaler (NASDAQ:ZS – Get Rating) last issued its earnings results on Thursday, September 8th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.05. Zscaler had a negative net margin of 35.77% and a negative return on equity of 55.59%. The company had revenue of $318.06 million during the quarter, compared to analysts' expectations of $305.54 million. During the same period last year, the company posted ($0.48) earnings per share. The firm's quarterly revenue was up 61.4% compared to the same quarter last year. On average, equities research analysts predict that Zscaler, Inc. will post -2.17 earnings per share for the current fiscal year.
Zscaler Company Profile
(Get Rating)
Zscaler, Inc operates as a cloud security company worldwide. It 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.
Recommended Stories
- Get a free copy of the StockNews.com research report on Zscaler (ZS)
- Don't Give Up on These Q3 Losers
- The Anatomy of a Great Pension Plan
- 3 Safe Earnings Plays for a Risk-Off Market
- Tyson Foods Takes a Lickin' and Keeps on Tickin' Lower
- Small-Cap Catalyst Pharma Is Among Market's Best Price Performers
Want to see what other hedge funds are holding ZS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zscaler, Inc. (NASDAQ:ZS – Get Rating).
Receive News & Ratings for Zscaler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zscaler and related companies with MarketBeat.com's FREE daily email newsletter.
