Bank Julius Baer & Co. Ltd Zurich Has $923,000 Position in Zscaler, Inc. (NASDAQ:ZS)

Bank Julius Baer & Co. Ltd Zurich raised its position in Zscaler, Inc. (NASDAQ:ZS) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,638 shares of the company’s stock after acquiring an additional 326 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Zscaler were worth $923,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ZS. Van ECK Associates Corp lifted its stake in Zscaler by 1,786.5% in the third quarter. Van ECK Associates Corp now owns 15,073 shares of the company’s stock valued at $2,728,000 after acquiring an additional 14,274 shares during the last quarter. SpiderRock Advisors LLC raised its position in shares of Zscaler by 1,396.2% in the third quarter. SpiderRock Advisors LLC now owns 17,146 shares of the company’s stock valued at $2,931,000 after purchasing an additional 16,000 shares during the period. Objective Capital Management LLC bought a new position in shares of Zscaler in the third quarter valued at about $203,000. United Capital Management of KS Inc. raised its position in shares of Zscaler by 2.5% in the third quarter. United Capital Management of KS Inc. now owns 29,756 shares of the company’s stock valued at $5,086,000 after purchasing an additional 723 shares during the period. Finally, Versor Investments LP raised its position in shares of Zscaler by 12.9% in the third quarter. Versor Investments LP now owns 1,282 shares of the company’s stock valued at $219,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Trading Up 3.3 %

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. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $217.84. The company has a market cap of $32.03 billion, a P/E ratio of -835.04 and a beta of 0.88.

Insider Activity

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Zscaler from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Thursday. Robert W. Baird increased their price objective on shares of Zscaler from $240.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Zscaler from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday. BTIG Research increased their price objective on shares of Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Wedbush raised their price target on shares of Zscaler from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and an average price target of $234.29.

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.