CIBC Private Wealth Group LLC Has $46.20 Million Holdings in Zscaler, Inc. $ZS

CIBC Private Wealth Group LLC lessened its holdings in Zscaler, Inc. (NASDAQ:ZS) by 18.9% during the third quarter, HoldingsChannel.com reports. The fund owned 154,157 shares of the company’s stock after selling 35,863 shares during the period. CIBC Private Wealth Group LLC’s holdings in Zscaler were worth $46,195,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Zscaler by 6.1% in the third quarter. Vanguard Group Inc. now owns 11,367,903 shares of the company’s stock worth $3,406,506,000 after acquiring an additional 652,771 shares during the last quarter. State Street Corp grew its holdings in shares of Zscaler by 4.5% during the 3rd quarter. State Street Corp now owns 2,259,804 shares of the company’s stock valued at $677,173,000 after purchasing an additional 97,366 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Zscaler by 9.5% during the 3rd quarter. First Trust Advisors LP now owns 2,228,134 shares of the company’s stock valued at $667,682,000 after purchasing an additional 193,281 shares during the last quarter. AQR Capital Management LLC increased its position in Zscaler by 61.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,941,571 shares of the company’s stock worth $576,083,000 after purchasing an additional 741,756 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Zscaler by 4.6% in the 3rd quarter. Invesco Ltd. now owns 1,290,965 shares of the company’s stock valued at $386,851,000 after purchasing an additional 56,947 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler and Bharti Airtel launched an AI & Cyber Threat Research Center to jointly research AI-enabled threats and defenses — a partnership that expands Zscaler’s enterprise reach in APAC and strengthens its positioning in AI-related security services. Zscaler and Bharti Airtel announce launch of AI & Cyber Threat Research Center
• Positive Sentiment: Zscaler expanded global data‑sovereignty capabilities on its Zero Trust Exchange (new control/logging planes, Canada deployment planned), which supports sales to regulated customers and can drive longer-term subscription revenue growth. Zscaler (ZS) Expands Global Data Sovereignty Capabilities on Zero Trust Exchange
• Positive Sentiment: Analyst commentary singled Zscaler out as a cybersecurity winner in the current AI-driven market shift (zero‑trust access control seen as increasingly valuable), which could support re-rating over time if AI adoption fuels security spend. Software Stocks Are Down—Expert Says These 3 Names Still Look Strong
• Negative Sentiment: EVP Raj Judge sold 2,488 shares at ~$156.59 (~$389.6k); his holdings fell ~3.53% (SEC Form 4). Insider sales by senior leaders can weigh on near-term sentiment even if amounts are small vs. their remaining stakes. SEC Form 4 – Raj Judge
• Negative Sentiment: Insider Robert Schlossman sold 2,263 shares at ~$156.59 (~$354.4k), reducing his stake ~3.03% (SEC Form 4). SEC Form 4 – Robert Schlossman
• Negative Sentiment: CFO Kevin Rubin sold 1,682 shares at ~$156.59 (~$263.4k), a ~3.49% reduction in his direct holdings (SEC Form 4). SEC Form 4 – Kevin Rubin
• Negative Sentiment: CEO Jagtar Singh Chaudhry sold 1,941 shares at ~$156.59 (~$303.9k), a 0.56% reduction in his position (SEC Form 4). CEO sales often draw investor attention despite small percentage changes. SEC Form 4 – Jagtar Singh Chaudhry

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Cantor Fitzgerald cut their target price on shares of Zscaler from $365.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. Rosenblatt Securities reiterated a “buy” rating and set a $280.00 price target on shares of Zscaler in a report on Tuesday, February 24th. Mizuho dropped their price target on Zscaler from $265.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Sanford C. Bernstein raised Zscaler from a “market perform” rating to an “outperform” rating and set a $228.00 price objective for the company in a research note on Friday, February 13th. Finally, Zacks Research lowered shares of Zscaler from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and an average price target of $267.13.

Zscaler Price Performance

Zscaler stock opened at $155.99 on Thursday. The stock has a market capitalization of $25.08 billion, a price-to-earnings ratio of -371.40 and a beta of 1.07. Zscaler, Inc. has a 52-week low of $140.56 and a 52-week high of $336.99. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90. The stock’s 50 day moving average price is $180.47 and its two-hundred day moving average price is $244.35.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data 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 negative net margin of 2.25% and a positive return on equity of 0.06%. The company had revenue of $815.75 million during the quarter, compared to analyst estimates of $798.92 million. During the same quarter in the previous year, the business posted $0.78 EPS. Zscaler’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. On average, equities analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Transactions at Zscaler

In other news, insider Robert Schlossman sold 2,263 shares of the stock in a transaction dated Tuesday, March 17th. The shares were 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 of the company’s stock, valued at $11,335,550.10. This represents a 3.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Raj Judge sold 2,488 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total value of $389,595.92. Following the completion of the sale, the executive vice president owned 67,906 shares of the company’s stock, valued at approximately $10,633,400.54. This represents a 3.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 9,027 shares of company stock valued at $1,459,333. 17.20% of the stock is owned by insiders.

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.