Vontobel Holding Ltd. Decreases Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Vontobel Holding Ltd. reduced its stake in Zscaler, Inc. (NASDAQ:ZS) by 15.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 103,424 shares of the company’s stock after selling 18,803 shares during the quarter. Vontobel Holding Ltd.’s holdings in Zscaler were worth $18,659,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC raised its position in Zscaler by 107.3% during the 3rd quarter. CWM LLC now owns 5,562 shares of the company’s stock worth $951,000 after buying an additional 2,879 shares during the last quarter. Creative Planning raised its position in Zscaler by 7.6% during the 3rd quarter. Creative Planning now owns 148,534 shares of the company’s stock worth $25,390,000 after buying an additional 10,551 shares during the last quarter. Swedbank AB raised its position in Zscaler by 25.8% during the 3rd quarter. Swedbank AB now owns 11,363 shares of the company’s stock worth $1,942,000 after buying an additional 2,327 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in Zscaler during the 3rd quarter worth approximately $763,000. Finally, Teamwork Financial Advisors LLC raised its position in Zscaler by 10.9% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 22,003 shares of the company’s stock worth $3,761,000 after buying an additional 2,163 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Zscaler

In related news, CFO Remo Canessa sold 3,703 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the completion of the transaction, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at $44,197,603.20. This represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $573,516.16. Following the completion of the sale, the chief executive officer now owns 358,569 shares of the company’s stock, valued at approximately $71,828,542.08. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,248 shares of company stock worth $2,052,879. Company insiders own 18.10% of the company’s stock.

Zscaler Stock Down 1.0 %

NASDAQ ZS opened at $212.70 on Friday. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $255.00. The business’s fifty day simple moving average is $194.79 and its 200-day simple moving average is $189.26. The firm has a market cap of $32.64 billion, a PE ratio of -850.80 and a beta of 0.89.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.63 by $0.14. The business had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.18) EPS. Research analysts expect that Zscaler, Inc. will post -0.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ZS. JMP Securities reissued a “market outperform” rating and set a $240.00 price target (down from $270.00) on shares of Zscaler in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. raised their price target on shares of Zscaler from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Cantor Fitzgerald raised shares of Zscaler to a “hold” rating in a research note on Monday, November 18th. Finally, Stifel Nicolaus raised their price objective on shares of Zscaler from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Eleven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $225.63.

Zscaler Company 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.