Zscaler, Inc. $ZS Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its holdings in Zscaler, Inc. (NASDAQ:ZS) by 12.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,852 shares of the company’s stock after selling 19,490 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Zscaler were worth $41,309,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ZS. Tradewinds Capital Management LLC raised its holdings in Zscaler by 145.7% during the third quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock worth $26,000 after purchasing an additional 51 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of Zscaler in the 3rd quarter valued at $26,000. McIlrath & Eck LLC purchased a new position in shares of Zscaler in the 3rd quarter valued at $29,000. E Fund Management Hong Kong Co. Ltd. raised its stake 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 in the last quarter. Finally, Spire Wealth Management lifted its position in Zscaler by 48.9% in the third quarter. Spire Wealth Management now owns 131 shares of the company’s stock valued at $39,000 after acquiring an additional 43 shares during the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Stock Performance

Shares of 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 debt-to-equity ratio of 0.86, a quick ratio of 1.82 and a current ratio of 1.82. Zscaler, Inc. has a 1 year low of $140.56 and a 1 year high of $336.99. The company’s fifty day moving average is $198.92 and its two-hundred day moving average is $255.06.

Zscaler (NASDAQ:ZS) last issued its 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. The business had revenue of $815.75 million for the quarter, compared to the consensus estimate of $798.92 million. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. On average, sell-side analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Activity at Zscaler

In other news, CFO Kevin Rubin sold 3,303 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total transaction of $762,398.46. Following the completion of the transaction, the chief financial officer directly owned 48,161 shares of the company’s stock, valued at approximately $11,116,522.02. This represents a 6.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Schlossman sold 3,084 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 $711,848.88. Following the completion of the sale, the insider directly owned 77,002 shares of the company’s stock, valued at $17,773,601.64. This represents a 3.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 19,350 shares of company stock worth $4,471,509 in the last three months. 17.20% of the stock is currently owned by corporate insiders.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ZS shares. Piper Sandler dropped their price objective on Zscaler from $260.00 to $185.00 and set a “neutral” rating on the stock in a report on Friday. Zacks Research cut Zscaler from a “hold” rating to a “strong sell” rating in a research report on Thursday. Cantor Fitzgerald cut 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. Scotiabank reduced their price objective on Zscaler from $334.00 to $320.00 and set a “sector outperform” rating for the company in a research note on Wednesday, November 26th. Finally, BTIG Research decreased their price objective on Zscaler from $365.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $274.37.

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.