Allianz Asset Management GmbH Boosts Stock Position in Zscaler, Inc. $ZS

Allianz Asset Management GmbH lifted its stake in Zscaler, Inc. (NASDAQ:ZS) by 1,384.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,173 shares of the company’s stock after acquiring an additional 65,447 shares during the period. Allianz Asset Management GmbH’s holdings in Zscaler were worth $21,028,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZS. Tradewinds Capital Management LLC grew its holdings in Zscaler by 145.7% during the 3rd quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after buying an additional 51 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Zscaler in the third quarter valued at approximately $26,000. McIlrath & Eck LLC bought a new position in shares of Zscaler in the third quarter valued at approximately $29,000. Quaker Wealth Management LLC grew its stake in Zscaler by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 194 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in Zscaler by 81.9% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 131 shares of the company’s stock worth $39,000 after acquiring an additional 59 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on ZS shares. BTIG Research reissued a “buy” rating and issued a $365.00 price target on shares of Zscaler in a report on Wednesday, November 26th. Loop Capital set a $320.00 price objective on Zscaler in a research note on Thursday, December 11th. Piper Sandler reduced their target price on Zscaler from $280.00 to $260.00 and set a “neutral” rating for the company in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zscaler in a report on Wednesday, January 21st. Finally, Macquarie Infrastructure initiated coverage on Zscaler in a research report on Friday, October 31st. They set an “outperform” rating and a $390.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $317.63.

Zscaler Stock Down 1.2%

Shares of ZS opened at $167.33 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market capitalization of $26.68 billion, a price-to-earnings ratio of -643.55, a price-to-earnings-growth ratio of 353.53 and a beta of 1.02. Zscaler, Inc. has a 1 year low of $162.94 and a 1 year high of $336.99. The business’s 50 day simple moving average is $220.88 and its 200-day simple moving average is $267.45.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.11. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. The company had revenue of $788.11 million for the quarter, compared to analysts’ expectations of $773.86 million. During the same quarter in the previous year, the business posted $0.77 earnings per share. Zscaler’s quarterly revenue was up 25.5% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS and its Q2 2026 guidance at 0.890-0.900 EPS. As a group, equities analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Activity

In other Zscaler news, insider Robert Schlossman sold 2,349 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $232.79, for a total transaction of $546,823.71. Following the sale, the insider directly owned 74,653 shares in the company, valued at $17,378,471.87. This represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,843 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total value of $656,221.26. Following the completion of the sale, the chief executive officer directly owned 347,857 shares of the company’s stock, valued at $80,292,352.74. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 19,350 shares of company stock worth $4,471,509. 17.20% of the stock is owned by insiders.

Trending Headlines about Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler announced the acquisition of Singapore‑based SquareX to extend zero‑trust protections into standard browsers, positioning the company to address rising browser/AI threat vectors and broaden its product set and TAM — a strategic move that could help upsell customers and strengthen long‑term competitive positioning. Zscaler Acquires SquareX to Advance Zero Trust Browser Security for the AI Era
• Neutral Sentiment: Zscaler will host its Q2 FY2026 earnings conference call — investors should watch for commentary on enterprise demand, AI‑related product uptake, ARR growth, gross margin trends, and any updates to guidance that could move the stock. Zscaler to Host Second Quarter Fiscal Year 2026 Earnings Conference Call
• Negative Sentiment: Shares have fallen sharply (~26.7% in under a month) as investors rotate out of richly valued growth software names — the decline reflects valuation compression rather than clear product or revenue weakness. Buy Or Sell Zscaler Stock Now?
• Negative Sentiment: Coverage pieces and commentary highlight the ongoing “nosedive” narrative tied to macro/sector sentiment and multiple re‑ratings — short‑term volatility may persist until investors see reaffirming guidance or margin improvements. Why Zscaler (ZS) stock is nosediving

Zscaler Company Profile

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.