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
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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.
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