Public Employees Retirement System of Ohio Purchases New Position in Zscaler, Inc. $ZS

Public Employees Retirement System of Ohio bought a new stake in Zscaler, Inc. (NASDAQ:ZS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,780 shares of the company’s stock, valued at approximately $4,203,000.

A number of other hedge funds have also recently modified their holdings of the stock. Handelsbanken Fonder AB raised its stake in shares of Zscaler by 89.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 60,933 shares of the company’s stock worth $8,601,000 after buying an additional 28,792 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Zscaler by 6.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 193,297 shares of the company’s stock valued at $27,284,000 after acquiring an additional 11,941 shares in the last quarter. Oxbow Advisors LLC purchased a new position in Zscaler during the 4th quarter valued at about $2,939,000. Qsemble Capital Management LP raised its position in Zscaler by 105.5% during the fourth quarter. Qsemble Capital Management LP now owns 15,773 shares of the company’s stock worth $3,548,000 after acquiring an additional 8,099 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Zscaler by 44.3% in the first quarter. Bank of America Corp DE now owns 779,245 shares of the company’s stock valued at $109,320,000 after purchasing an additional 239,326 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler reported fourth-quarter revenue of $898.2 million, up 24.9% year over year and above the $877.0 million analyst consensus. Adjusted earnings of $1.19 per share also surpassed expectations of $1.09 and increased from $0.89 a year earlier. Zscaler Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Annual recurring revenue rose 25% to $3.77 billion, while net new ARR reached $246 million. Management highlighted record large-deal activity, stronger sales productivity and growing contributions from non-seat-based products. Zscaler Reports Strong Q4 and Fiscal 2026 Results
• Positive Sentiment: Fiscal 2027 first-quarter guidance calls for revenue of $935 million to $939 million and adjusted EPS of $1.15 to $1.16, ahead of consensus estimates of $925.5 million and $0.86, respectively. Full-year adjusted EPS guidance of $4.86 to $4.90 also exceeded the $3.70 consensus. Zscaler Stock Soars on Earnings Beat and Upbeat Guidance
• Positive Sentiment: Non-GAAP operating margin reached a record 24%, and management said its agentic security offering is gaining momentum as customers seek protection for AI agents and models. Zscaler Q4 2026 Earnings Call Transcript

Analyst Ratings Changes

Several research analysts recently issued reports on ZS shares. BMO Capital Markets cut their price objective on Zscaler from $210.00 to $178.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Truist Financial set a $210.00 price target on Zscaler in a research report on Wednesday, May 27th. Berenberg Bank set a $200.00 price objective on Zscaler in a research report on Thursday, May 28th. Mizuho boosted their target price on shares of Zscaler from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Finally, HC Wainwright upgraded shares of Zscaler from a “buy” rating to a “buy” rating in a report on Monday, May 18th. Thirty-four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $213.10.

Insider Transactions at Zscaler

In other news, insider Robert Schlossman sold 3,146 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $397,748.78. Following the completion of the sale, the insider 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 2,817 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $122.60, for a total transaction of $345,364.20. Following the completion of the transaction, the insider owned 42,314 shares in the company, valued at $5,187,696.40. The trade was a 6.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 16,772 shares of company stock valued at $2,139,799. 17.20% of the stock is currently owned by company insiders.

Zscaler Stock Performance

Shares of ZS stock opened at $177.80 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market capitalization of $28.75 billion, a price-to-earnings ratio of -370.41, a price-to-earnings-growth ratio of 101.67 and a beta of 0.95. Zscaler, Inc. has a one year low of $114.63 and a one year high of $336.99. The company has a 50 day moving average price of $160.51 and a 200 day moving average price of $150.39.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.10. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The business had revenue of $898.18 million during the quarter, compared to the consensus estimate of $876.96 million. During the same period in the prior year, the firm posted $0.89 EPS. The business’s revenue for the quarter was up 24.9% on a year-over-year basis. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. Sell-side analysts anticipate that Zscaler, Inc. will post 0.13 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.