Zscaler, Inc. $ZS Stock Position Lifted by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 23,646.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 606,000 shares of the company’s stock after buying an additional 603,448 shares during the period. Zscaler comprises about 0.9% of International Assets Investment Management LLC’s holdings, making the stock its 17th largest holding. International Assets Investment Management LLC’s holdings in Zscaler were worth $120,849,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in Zscaler in the second quarter valued at $1,396,028,000. First Trust Advisors LP increased its position in shares of Zscaler by 36.2% during the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock worth $493,635,000 after purchasing an additional 935,781 shares in the last quarter. Amundi increased its position in shares of Zscaler by 12.8% during the second quarter. Amundi now owns 1,137,837 shares of the company’s stock worth $160,606,000 after purchasing an additional 129,563 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Zscaler by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 1,103,212 shares of the company’s stock valued at $155,718,000 after purchasing an additional 209,711 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Zscaler by 44.3% in the 1st 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 during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Adam Geller sold 1,042 shares of Zscaler stock in a transaction on Monday, October 12th. The stock was sold at an average price of $235.95, for a total value of $245,859.90. Following the completion of the sale, the insider owned 38,308 shares of the company’s stock, valued at $9,038,772.60. The trade was a 2.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rubin sold 514 shares of the company’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $259.15, for a total value of $133,203.10. Following the completion of the transaction, the chief financial officer owned 62,113 shares of the company’s stock, valued at $16,096,583.95. The trade was a 0.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 54,064 shares of company stock worth $11,316,078 in the last three months. Company insiders own 17.20% of the company’s stock.

Zscaler Stock Performance

Shares of ZS opened at $237.83 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market capitalization of $38.78 billion, a price-to-earnings ratio of -609.82, a PEG ratio of 23.56 and a beta of 0.94. The company’s 50 day simple moving average is $204.19 and its 200 day simple moving average is $167.61. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.10. The company had revenue of $898.19 million during the quarter, compared to the consensus estimate of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. Zscaler’s revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. On average, sell-side analysts predict that Zscaler, Inc. will post 0.70 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ZS shares. Mizuho set a $235.00 price objective on shares of Zscaler in a research note on Wednesday, October 7th. Citigroup increased their target price on Zscaler from $245.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, October 15th. Truist Financial reiterated a “buy” rating and set a $250.00 target price (up from $200.00) on shares of Zscaler in a report on Wednesday, October 7th. Yorkville Ives started coverage on Zscaler in a research report on Tuesday, October 6th. They set an “outperform” rating and a $250.00 price target for the company. Finally, Cantor Fitzgerald boosted their price target on Zscaler from $225.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Thirty-six analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $236.65.

About Zscaler

Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which provides secure access to internet and software-as-a-service applications, and Zscaler Private Access, which enables secure access to private applications without extending an organization’s network to users.