North Dakota State Investment Board Invests $773,000 in Zscaler, Inc. $ZS

North Dakota State Investment Board bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,438 shares of the company’s stock, valued at approximately $773,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. iA Global Asset Management Inc. increased its position in Zscaler by 10.0% in the 4th quarter. iA Global Asset Management Inc. now owns 19,828 shares of the company’s stock valued at $4,460,000 after acquiring an additional 1,796 shares during the period. Qsemble Capital Management LP increased its position in Zscaler by 105.5% in the 4th quarter. Qsemble Capital Management LP now owns 15,773 shares of the company’s stock valued at $3,548,000 after acquiring an additional 8,099 shares during the period. AlphaCore Capital LLC increased its position in Zscaler by 165.0% in the 4th quarter. AlphaCore Capital LLC now owns 1,778 shares of the company’s stock valued at $400,000 after acquiring an additional 1,107 shares during the period. SkyOak Wealth LLC acquired a new position in Zscaler in the 4th quarter valued at about $608,000. Finally, Pinnacle Associates Ltd. increased its position in Zscaler by 7.8% in the 4th quarter. Pinnacle Associates Ltd. now owns 42,088 shares of the company’s stock valued at $9,466,000 after acquiring an additional 3,041 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: B.Riley upgraded Zscaler from Neutral to Buy, which helped fuel a strong rally as investors responded to the more constructive analyst view. Why Is Zscaler (ZS) Stock Soaring Today
• Positive Sentiment: Zscaler reported stronger-than-expected quarterly results, raised full-year guidance, and highlighted growing demand tied to AI security and zero-trust adoption, supporting the stock’s recent rebound. Why Zscaler (ZS) Is Up 19.9% After Strong Results And New AI-Focused Zero-Trust Push
• Positive Sentiment: The company launched Project AI-Guardian with major global system integrators, expanding its AI security push and giving investors another catalyst for enterprise adoption. Zscaler Partners with Global System Integrators to Launch Project AI-Guardian to Help Accelerate Enterprise AI Adoption
• Positive Sentiment: UBS said Zscaler has a positive setup into upcoming earnings, while Oppenheimer said results are likely to be balanced to slightly above plan, suggesting expectations are manageable. Zscaler Setup Looks Positive Into Upcoming Earnings, UBS Says
• Neutral Sentiment: IGEL and Zscaler released healthcare security blueprints, a supportive partnership announcement that adds to the company’s broader product and ecosystem momentum. IGEL and Zscaler Release Healthcare Security Blueprints for Distributed Care Delivery
• Neutral Sentiment: Some commentary noted mixed signals from estimate revisions and relative performance versus peers, which could limit upside if earnings do not surprise meaningfully. Zscaler (ZS) Soars 8.5%: Is Further Upside Left in the Stock?

Analyst Ratings Changes

Several brokerages recently issued reports on ZS. Needham & Company LLC dropped their price target on Zscaler from $310.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. UBS Group restated a “buy” rating on shares of Zscaler in a research report on Wednesday. Citizens Jmp dropped their price target on Zscaler from $290.00 to $210.00 and set a “market outperform” rating on the stock in a research report on Friday, May 1st. Zacks Research cut Zscaler from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Finally, Sanford C. Bernstein began coverage on Zscaler in a research report on Monday. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.26.

Insider Activity at Zscaler

In other Zscaler news, insider Robert Schlossman sold 2,263 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $354,363.17. Following the transaction, the insider owned 72,390 shares in the company, valued at approximately $11,335,550.10. The trade was a 3.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Adam Geller sold 2,094 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total value of $321,491.82. Following the transaction, the insider owned 46,949 shares in the company, valued at $7,208,079.97. The trade was a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,130 shares of company stock worth $1,892,487 in the last three months. 17.20% of the stock is currently owned by corporate insiders.

Zscaler Stock Performance

NASDAQ ZS opened at $174.45 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $143.66 and its two-hundred day moving average is $196.87. Zscaler, Inc. has a 12-month low of $114.63 and a 12-month high of $336.99. The stock has a market capitalization of $28.05 billion, a price-to-earnings ratio of -415.36 and a beta of 0.96.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $798.92 million. During the same quarter in the previous year, the firm posted $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. Research analysts expect that Zscaler, Inc. will post -0.03 EPS for the current year.

Zscaler 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.