Zurich Insurance Group Ltd FI Makes New $24.98 Million Investment in Zscaler, Inc. $ZS

Key Points

• Zurich Insurance Group Ltd FI purchased 125,909 shares of Zscaler, Inc. valued at approximately $24.98 million during the first quarter, representing 0.08% of the company's stock.
• Insider trades reveal that Adam Geller and CEO Jagtar Singh Chaudhry sold shares, with Geller's sale decreasing his ownership by 7.26% and Chaudhry's by 0.80%.
• Zscaler's quarterly earnings showed a 21.3% increase in revenue year-over-year, reporting $719.23 million and an EPS of $0.89, beating analyst expectations.

Zurich Insurance Group Ltd FI bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 125,909 shares of the company's stock, valued at approximately $24,983,000. Zurich Insurance Group Ltd FI owned 0.08% of Zscaler at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. bought a new position in shares of Zscaler in the first quarter valued at approximately $516,622,000. Nuveen LLC acquired a new position in Zscaler during the 1st quarter valued at about $153,340,000. Goldman Sachs Group Inc. lifted its position in Zscaler by 23.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company's stock valued at $604,831,000 after purchasing an additional 578,883 shares during the period. Vanguard Group Inc. lifted its position in Zscaler by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company's stock valued at $1,962,474,000 after purchasing an additional 294,034 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Zscaler by 148.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 474,431 shares of the company's stock valued at $94,137,000 after acquiring an additional 283,637 shares during the last quarter. Institutional investors own 46.45% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ZS. Stephens reissued an "overweight" rating and set a $255.00 target price on shares of Zscaler in a research note on Tuesday, May 27th. Scotiabank cut their price target on Zscaler from $360.00 to $334.00 and set a "sector outperform" rating for the company in a report on Wednesday, September 3rd. Loop Capital lifted their target price on Zscaler from $250.00 to $260.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Stifel Nicolaus raised their price target on Zscaler from $295.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Finally, BMO Capital Markets lifted their target price on Zscaler from $295.00 to $315.00 and gave the company an "outperform" rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Zscaler presently has an average rating of "Moderate Buy" and a consensus target price of $307.00.

Zscaler Stock Performance

NASDAQ:ZS traded up $7.87 during trading on Thursday, reaching $286.66. The company's stock had a trading volume of 1,946,600 shares, compared to its average volume of 1,682,998. The firm has a market cap of $44.63 billion, a price-to-earnings ratio of -1,061.70 and a beta of 1.05. The firm has a 50 day moving average of $282.97 and a 200-day moving average of $253.04. Zscaler, Inc. has a 12 month low of $162.00 and a 12 month high of $318.46.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.09. Zscaler had a negative return on equity of 0.49% and a negative net margin of 1.55%.The firm had revenue of $719.23 million for the quarter, compared to analysts' expectations of $707.15 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The business's revenue for the quarter was up 21.3% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Equities research analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In other news, insider Adam Geller sold 3,662 shares of Zscaler stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $306.72, for a total value of $1,123,208.64. Following the sale, the insider directly owned 46,813 shares in the company, valued at approximately $14,358,483.36. This trade represents a 7.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raj Judge sold 2,957 shares of Zscaler stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total value of $898,040.90. Following the sale, the executive vice president owned 76,289 shares in the company, valued at $23,168,969.30. This represents a 3.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,305 shares of company stock worth $7,093,136 in the last quarter. 18.10% of the stock is owned by company insiders.

Zscaler Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.