Bank Julius Baer & Co. Ltd Zurich Purchases 326 Shares of Zscaler, Inc. (NASDAQ:ZS)

Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,638 shares of the company’s stock after purchasing an additional 326 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Zscaler were worth $923,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ZS. Global X Japan Co. Ltd. increased its stake in shares of Zscaler by 127.4% in the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after acquiring an additional 79 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Zscaler in the 4th quarter valued at $29,000. Prestige Wealth Management Group LLC bought a new stake in shares of Zscaler in the 3rd quarter valued at $31,000. Versant Capital Management Inc increased its stake in shares of Zscaler by 136.8% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after acquiring an additional 104 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in shares of Zscaler by 18,500.0% in the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after acquiring an additional 185 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Rosenblatt Securities upgraded shares of Zscaler from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $190.00 to $235.00 in a research note on Thursday. BTIG Research lifted their price objective on shares of Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price target on shares of Zscaler from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday. Guggenheim restated a “neutral” rating on shares of Zscaler in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets boosted their price target on shares of Zscaler from $222.00 to $233.00 and gave the company an “outperform” rating in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.29.

Zscaler Stock Performance

Shares of NASDAQ:ZS opened at $208.76 on Monday. The company’s 50-day moving average is $196.78 and its 200 day moving average is $191.64. The company has a market capitalization of $32.03 billion, a P/E ratio of -835.04 and a beta of 0.88. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $217.84.

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.