Zscaler, Inc. $ZS Stock Acquired by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer & Co. Ltd Zurich increased its Zscaler stake by 268.4% in the third quarter, to 19,040 shares worth about $3.8 million. Institutional investors and hedge funds collectively own 46.45% of the stock.
• Zscaler reported quarterly EPS of $1.19, beating the $1.09 consensus, while revenue of $898.2 million exceeded estimates and grew 24.9% year over year.
• Analysts rate Zscaler a “Moderate Buy” overall, with an average price target of $236.65; 36 analysts have Buy ratings, eight Hold ratings, and one a Sell rating.

Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 268.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,040 shares of the company's stock after purchasing an additional 13,872 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Zscaler were worth $3,796,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ZS. BlackRock Inc. acquired a new stake in shares of Zscaler in the 2nd quarter worth about $1,396,028,000. First Trust Advisors LP boosted its position in Zscaler by 36.2% in the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company's stock worth $493,635,000 after purchasing an additional 935,781 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Zscaler in the 2nd quarter worth about $102,271,000. Legal & General Group Plc purchased a new position in Zscaler in the second quarter valued at about $89,740,000. Finally, International Assets Investment Management LLC grew its holdings in Zscaler by 23,646.1% during the third quarter. International Assets Investment Management LLC now owns 606,000 shares of the company's stock valued at $120,849,000 after purchasing an additional 603,448 shares during the period. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zscaler

In related news, CFO Kevin Rubin sold 5,957 shares of the business's stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $192.76, for a total transaction of $1,148,271.32. Following the completion of the sale, the chief financial officer directly owned 43,287 shares in the company, valued at approximately $8,344,002.12. The trade was a 12.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Schlossman sold 5,394 shares of the company's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $200.00, for a total value of $1,078,800.00. Following the completion of the sale, the insider owned 61,525 shares of the company's stock, valued at $12,305,000. This trade represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 55,105 shares of company stock worth $11,563,836. 17.20% of the stock is owned by corporate insiders.

Zscaler Trading Up 0.6%

NASDAQ:ZS opened at $225.09 on Wednesday. Zscaler, Inc. has a one year low of $114.63 and a one year high of $335.70. The firm has a market capitalization of $36.70 billion, a P/E ratio of -577.15, a PEG ratio of 21.28 and a beta of 0.82. The company's 50-day simple moving average is $206.02 and its 200 day simple moving average is $167.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 1.70.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.10. The firm had revenue of $898.19 million during the quarter, compared to the consensus estimate of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The company's revenue was up 24.9% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. As a group, analysts forecast that Zscaler, Inc. will post 0.70 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZS has been the subject of several recent research reports. Zacks Research upgraded shares of Zscaler from a "strong sell" rating to a "hold" rating in a research note on Friday, October 2nd. Jefferies Financial Group raised their price target on Zscaler from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 7th. DA Davidson started coverage on shares of Zscaler in a research report on Wednesday, October 21st. They issued a "neutral" rating and a $215.00 target price for the company. UBS Group upped their target price on Zscaler from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, October 7th. Finally, Guggenheim raised their price objective on Zscaler from $214.00 to $254.00 and gave the company a "buy" rating in a research note on Wednesday, October 7th. Thirty-six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $236.65.

Zscaler Profile

Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.

The company's offerings include Zscaler Internet Access, which provides secure access to internet and software-as-a-service applications, and Zscaler Private Access, which enables secure access to private applications without extending an organization's network to users.

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