DNB Asset Management AS Buys 12,936 Shares of Zscaler, Inc. $ZS

DNB Asset Management AS boosted its stake in Zscaler, Inc. (NASDAQ:ZS) by 63.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,219 shares of the company’s stock after buying an additional 12,936 shares during the period. DNB Asset Management AS’s holdings in Zscaler were worth $9,954,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tradewinds Capital Management LLC lifted its stake in shares of Zscaler by 145.7% in the 3rd quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after purchasing an additional 51 shares during the period. Root Financial Partners LLC bought a new position in Zscaler in the third quarter worth $26,000. McIlrath & Eck LLC purchased a new position in Zscaler during the third quarter valued at $29,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Zscaler by 81.9% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 131 shares of the company’s stock valued at $39,000 after buying an additional 59 shares in the last quarter. Finally, Spire Wealth Management grew its position in shares of Zscaler by 48.9% in the 3rd quarter. Spire Wealth Management now owns 131 shares of the company’s stock worth $39,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Zscaler from $354.00 to $267.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Loop Capital set a $320.00 target price on shares of Zscaler in a research note on Thursday, December 11th. Cantor Fitzgerald dropped their price target on Zscaler from $365.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday. Needham & Company LLC decreased their target price on shares of Zscaler from $310.00 to $180.00 and set a “buy” rating for the company in a report on Friday. Finally, Citizens Jmp lowered their target price on shares of Zscaler from $355.00 to $290.00 and set a “market outperform” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and an average price target of $274.37.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Q2 results beat: adjusted EPS $1.01 vs. $0.89 est., revenue $815.8M vs. ~$799M est., and ARR grew ~25% year/year — signals demand momentum. GlobeNewswire: Q2 Results
• Positive Sentiment: Management is pitching AI security growth and new initiatives (AI Guard, agentic security, India AI/Cyber center with Airtel) as durable secular drivers that expand TAM beyond seat-based SaaS. CFO Interview Airtel AI Center
• Neutral Sentiment: Management issued updated forward guidance and commentary (Q3 EPS range and FY EPS range were provided), creating mixed signals that markets are parsing. Earnings Highlights
• Neutral Sentiment: Executives (CEO & CFO) gave interviews and the full call transcript is available — useful for investors wanting detail on churn, acquisitions and how AI monetization will scale. Earnings Call Transcript
• Negative Sentiment: Wider GAAP loss and higher spending: the company posted a larger net loss driven by increased sales, marketing and R&D, which pressured investor sentiment. Reuters: Wider Loss
• Negative Sentiment: Mixed/uncertain revenue outlook commentary: some outlets reported the company lowered aspects of its revenue outlook, creating confusion and weighing on the stock despite EPS beats. Benzinga: Revenue Guidance Report
• Negative Sentiment: Broad analyst price‑target cuts today from multiple firms (Canaccord, Morgan Stanley, Oppenheimer, Berenberg, Needham, and others) have amplified selling pressure even as many kept “buy/outperform” stances — the cuts compress perception of near‑term upside. MarketScreener: Analyst Cuts
• Negative Sentiment: Market reaction: investors appear to be focusing on margin/expense trajectory, competitive pressure and near-term revenue clarity rather than the company’s AI growth story — producing the stock decline. Seeking Alpha: Market Reaction

Zscaler Stock Performance

NASDAQ:ZS opened at $146.99 on Friday. The stock has a market capitalization of $23.44 billion, a P/E ratio of -349.98, a P/E/G ratio of 299.64 and a beta of 1.02. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.86. Zscaler, Inc. has a 12-month low of $140.56 and a 12-month high of $336.99. The stock has a 50-day moving average price of $198.92 and a 200 day moving average price of $255.06.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.The business had revenue of $815.75 million during the quarter, compared to analysts’ expectations of $798.92 million. During the same quarter last year, the business posted $0.78 EPS. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. Equities research analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insider Activity

In related news, insider Robert Schlossman sold 3,084 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total value of $711,848.88. Following the completion of the sale, the insider owned 77,002 shares in the company, valued at approximately $17,773,601.64. The trade was a 3.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,843 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total transaction of $656,221.26. Following the transaction, the chief executive officer owned 347,857 shares in the company, valued at approximately $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 90 days, insiders have sold 19,350 shares of company stock valued at $4,471,509. 17.20% of the stock is currently owned by corporate insiders.

About Zscaler

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.