Vontobel Holding Ltd. Sells 18,803 Shares of Zscaler, Inc. (NASDAQ:ZS)

Vontobel Holding Ltd. trimmed its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,424 shares of the company’s stock after selling 18,803 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.07% of Zscaler worth $18,659,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC boosted its position in shares of Zscaler by 107.3% in the third quarter. CWM LLC now owns 5,562 shares of the company’s stock worth $951,000 after purchasing an additional 2,879 shares during the period. Creative Planning boosted its position in shares of Zscaler by 7.6% in the third quarter. Creative Planning now owns 148,534 shares of the company’s stock worth $25,390,000 after purchasing an additional 10,551 shares during the period. Swedbank AB boosted its position in shares of Zscaler by 25.8% in the third quarter. Swedbank AB now owns 11,363 shares of the company’s stock worth $1,942,000 after purchasing an additional 2,327 shares during the period. Bleakley Financial Group LLC bought a new position in shares of Zscaler in the third quarter worth approximately $763,000. Finally, Teamwork Financial Advisors LLC boosted its position in shares of Zscaler by 10.9% in the third quarter. Teamwork Financial Advisors LLC now owns 22,003 shares of the company’s stock worth $3,761,000 after purchasing an additional 2,163 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on ZS. Wells Fargo & Company upped their price target on shares of Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Jefferies Financial Group boosted their target price on shares of Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Loop Capital lowered their target price on shares of Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a report on Tuesday, December 3rd. Citigroup boosted their target price on shares of Zscaler from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Scotiabank boosted their target price on shares of Zscaler from $205.00 to $225.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $225.63.

Insider Transactions at Zscaler

In other Zscaler news, CFO Remo Canessa sold 3,703 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $741,784.96. Following the transaction, the chief financial officer now directly owns 220,635 shares in the company, valued at $44,197,603.20. This represents a 1.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Syam Nair sold 3,682 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $737,578.24. Following the transaction, the insider now owns 142,866 shares in the company, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,248 shares of company stock worth $2,052,879. Insiders own 18.10% of the company’s stock.

Zscaler Trading Down 1.0 %

NASDAQ ZS opened at $212.70 on Friday. The company’s 50-day moving average price is $194.79 and its 200-day moving average price is $189.26. The stock has a market cap of $32.64 billion, a PE ratio of -850.80 and a beta of 0.89. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $255.00.

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

About Zscaler

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.