11,400 Zscaler, Inc. $ZS Shares Bought by BOCHK Asset Management Ltd

BOCHK Asset Management Ltd grew its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 48.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,798 shares of the company's stock after purchasing an additional 11,400 shares during the quarter. BOCHK Asset Management Ltd's holdings in Zscaler were worth $6,939,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Handelsbanken Fonder AB grew its position in shares of Zscaler by 89.6% in the second quarter. Handelsbanken Fonder AB now owns 60,933 shares of the company's stock valued at $8,601,000 after purchasing an additional 28,792 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Zscaler by 6.6% in the second quarter. Assenagon Asset Management S.A. now owns 193,297 shares of the company's stock valued at $27,284,000 after purchasing an additional 11,941 shares during the last quarter. Bank of America Corp DE lifted its position in Zscaler by 44.3% during the first quarter. Bank of America Corp DE now owns 779,245 shares of the company's stock worth $109,320,000 after buying an additional 239,326 shares in the last quarter. Krilogy Financial LLC lifted its position in Zscaler by 163.0% during the third quarter. Krilogy Financial LLC now owns 11,008 shares of the company's stock worth $2,195,000 after buying an additional 6,822 shares in the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab acquired a new position in Zscaler during the second quarter worth $11,232,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Price Performance

Shares of ZS opened at $223.79 on Tuesday. The company has a market cap of $36.49 billion, a P/E ratio of -573.82, a PEG ratio of 24.32 and a beta of 0.94. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. The firm's 50 day moving average price is $205.03 and its 200 day moving average price is $167.64.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 EPS 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 analysts' expectations of $876.96 million. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The firm's revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the company 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, research analysts forecast that Zscaler, Inc. will post 0.70 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZS has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Zscaler from $215.00 to $245.00 and gave the company an "overweight" rating in a report on Wednesday, October 7th. DA Davidson assumed coverage on Zscaler in a report on Wednesday, October 21st. They set a "neutral" rating and a $215.00 price target on the stock. Stifel Nicolaus boosted their price target on shares of Zscaler from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, October 7th. Guggenheim upped their price objective on shares of Zscaler from $214.00 to $254.00 and gave the company a "buy" rating in a report on Wednesday, October 7th. Finally, BMO Capital Markets lifted their target price on shares of Zscaler from $178.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, September 4th. Thirty-six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Zscaler currently has a consensus rating of "Moderate Buy" and an average target price of $236.65.

Insider Buying and Selling

In related news, insider Robert Schlossman sold 5,394 shares of the company's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $200.00, for a total transaction of $1,078,800.00. Following the sale, the insider directly owned 61,525 shares in the company, valued at approximately $12,305,000. This represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Geller sold 1,042 shares of Zscaler stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $235.95, for a total transaction of $245,859.90. Following the completion of the transaction, the insider owned 38,308 shares of the company's stock, valued at $9,038,772.60. This represents a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 over the last 90 days. 17.20% of the stock is currently owned by company insiders.

Zscaler Profile

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.

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