Thematics Asset Management Trims Stake in Zscaler, Inc. $ZS

Thematics Asset Management decreased its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 7.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,104 shares of the company’s stock after selling 7,243 shares during the quarter. Zscaler accounts for approximately 1.3% of Thematics Asset Management’s portfolio, making the stock its 23rd largest holding. Thematics Asset Management owned 0.06% of Zscaler worth $28,199,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Tradewinds Capital Management LLC lifted its stake in 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 buying an additional 51 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Zscaler during the 3rd quarter worth approximately $26,000. McIlrath & Eck LLC acquired a new position in shares of Zscaler during the third quarter valued at approximately $29,000. Picton Mahoney Asset Management purchased a new position in shares of Zscaler in the third quarter valued at approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Zscaler by 81.9% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 131 shares of the company’s stock valued at $39,000 after acquiring an additional 59 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZS has been the subject of several research reports. Cantor Fitzgerald dropped their price target on Zscaler from $365.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th. Mizuho decreased their price objective on Zscaler from $265.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Stifel Nicolaus lowered their target price on shares of Zscaler from $330.00 to $320.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. The Goldman Sachs Group dropped their target price on shares of Zscaler from $290.00 to $257.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Finally, Citizens Jmp reduced their target price on shares of Zscaler from $355.00 to $290.00 and set a “market outperform” rating for the company in a research report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $267.13.

Zscaler Stock Performance

Shares of Zscaler stock opened at $153.76 on Friday. The business’s 50 day moving average price is $184.68 and its 200 day moving average price is $247.05. The company has a market cap of $24.72 billion, a price-to-earnings ratio of -366.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90. Zscaler, Inc. has a one year low of $140.56 and a one year high of $336.99.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) 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 company had revenue of $815.75 million during the quarter, compared to analysts’ expectations of $798.92 million. During the same period in the prior year, the business earned $0.78 EPS. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. 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, research analysts predict that Zscaler, Inc. will post -0.1 EPS for the current year.

Insider Transactions at Zscaler

In other Zscaler news, Director James A. Beer sold 653 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $226.72, for a total value of $148,048.16. Following the transaction, the director directly owned 3,485 shares in the company, valued at $790,119.20. The trade was a 15.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Adam Geller sold 1,620 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $232.79, for a total transaction of $377,119.80. Following the completion of the sale, the insider directly owned 50,528 shares of the company’s stock, valued at approximately $11,762,413.12. This trade represents a 3.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 19,350 shares of company stock valued at $4,471,509 in the last three months. 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.