Zscaler, Inc. $ZS Shares Acquired by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in Zscaler, Inc. (NASDAQ:ZS) by 36.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,518,678 shares of the company’s stock after buying an additional 935,781 shares during the quarter. First Trust Advisors LP’s holdings in Zscaler were worth $493,635,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ZS. Kentucky Retirement Systems Insurance Trust Fund raised its position in Zscaler by 1.4% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,569 shares of the company’s stock worth $770,000 after acquiring an additional 36 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Zscaler by 10.9% during the 3rd quarter. Parallel Advisors LLC now owns 397 shares of the company’s stock worth $119,000 after purchasing an additional 39 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Zscaler by 7.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 648 shares of the company’s stock worth $204,000 after purchasing an additional 45 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of Zscaler by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 1,326 shares of the company’s stock worth $274,000 after purchasing an additional 48 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Zscaler by 2.6% during the 3rd quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock worth $611,000 after purchasing an additional 52 shares during the period. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,878 shares of Zscaler stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $363,865.54. Following the completion of the transaction, the chief executive officer directly owned 343,038 shares in the company, valued at $43,370,294.34. The trade was a 0.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Schlossman sold 3,146 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $397,748.78. Following the completion of the sale, the insider directly owned 69,366 shares in the company, valued at approximately $8,769,943.38. The trade was a 4.34% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 15,766 shares of company stock valued at $1,978,587 over the last three months. Company insiders own 17.20% of the company’s stock.

Analysts Set New Price Targets

ZS has been the subject of several recent analyst reports. BMO Capital Markets reduced their price objective on shares of Zscaler from $210.00 to $178.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Truist Financial set a $210.00 target price on shares of Zscaler in a research report on Wednesday, May 27th. Sanford C. Bernstein dropped their target price on shares of Zscaler from $228.00 to $224.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Guggenheim reiterated a “buy” rating and set a $214.00 price target on shares of Zscaler in a research report on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Zscaler from $185.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and an average price target of $214.21.

Zscaler Price Performance

Zscaler stock opened at $148.72 on Wednesday. Zscaler, Inc. has a 52 week low of $114.63 and a 52 week high of $336.99. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. The firm’s 50-day simple moving average is $143.92 and its 200 day simple moving average is $158.11. The firm has a market capitalization of $24.05 billion, a PE ratio of -309.83, a P/E/G ratio of 85.86 and a beta of 0.96.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.07. The firm had revenue of $850.48 million during the quarter, compared to the consensus estimate of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period last year, the firm posted $0.84 EPS. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. On average, equities research analysts predict that Zscaler, Inc. will post 0.12 EPS for the current fiscal 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.