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

Vontobel Holding Ltd. decreased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 3.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 122,227 shares of the company’s stock after selling 4,524 shares during the period. Vontobel Holding Ltd. owned approximately 0.08% of Zscaler worth $20,893,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ZS. Sumitomo Life Insurance Co. increased its position in shares of Zscaler by 3.1% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,920 shares of the company’s stock valued at $1,183,000 after acquiring an additional 207 shares during the period. Swedbank AB grew its stake in Zscaler by 25.8% during the 3rd quarter. Swedbank AB now owns 11,363 shares of the company’s stock valued at $1,942,000 after purchasing an additional 2,327 shares during the last quarter. Norway Savings Bank raised its stake in shares of Zscaler by 5.5% in the third quarter. Norway Savings Bank now owns 4,857 shares of the company’s stock worth $830,000 after purchasing an additional 254 shares during the last quarter. Creative Planning raised its stake 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 last quarter. Finally, Woodstock Corp acquired a new stake in shares of Zscaler during the third quarter worth about $5,138,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 1,435 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the sale, the insider now owns 105,806 shares of the company’s stock, valued at $19,224,950.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $488,490.56. Following the completion of the transaction, the chief executive officer now owns 361,432 shares of the company’s stock, valued at approximately $61,906,072.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Schlossman sold 1,435 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total value of $260,739.50. Following the completion of the sale, the insider now directly owns 105,806 shares in the company, valued at approximately $19,224,950.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock worth $5,256,651 in the last ninety days. 19.20% of the stock is owned by insiders.

Zscaler Price Performance

ZS stock opened at $191.55 on Thursday. Zscaler, Inc. has a 1 year low of $152.60 and a 1 year high of $259.61. The firm has a market capitalization of $28.95 billion, a PE ratio of -375.59 and a beta of 0.82. The business has a 50 day simple moving average of $180.13 and a 200-day simple moving average of $180.72.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $592.90 million during the quarter, compared to analysts’ expectations of $567.46 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.17) EPS. On average, equities research analysts expect that Zscaler, Inc. will post -0.95 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ZS shares. Cantor Fitzgerald reduced their price target on shares of Zscaler from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Barclays decreased their target price on shares of Zscaler from $230.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, September 4th. Loop Capital lowered their price target on shares of Zscaler from $180.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Rosenblatt Securities reiterated a “neutral” rating and set a $190.00 price objective on shares of Zscaler in a research note on Wednesday, September 4th. Finally, Robert W. Baird lowered their target price on Zscaler from $260.00 to $225.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Ten analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $216.97.

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.