4,931 Zscaler, Inc. $ZS Shares Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One reduced its Zscaler stake by 4.5%, selling 4,931 shares in the third quarter and retaining 103,822 shares valued at approximately $20.7 million. Institutional investors collectively own 46.45% of Zscaler.
• Zscaler reported quarterly revenue of $898.19 million, up 24.9% year over year and above analyst expectations, while adjusted earnings of $1.19 per share exceeded estimates by $0.10.
• Wall Street remains broadly positive, with 37 analysts rating the stock Buy, eight Hold and one Sell. Zscaler has a consensus rating of “Moderate Buy” and an average price target of $240.14.

Asset Management One Co. Ltd. lessened its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 4.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,822 shares of the company's stock after selling 4,931 shares during the period. Asset Management One Co. Ltd. owned about 0.06% of Zscaler worth $20,704,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ZS. BlackRock Inc. purchased a new stake in Zscaler in the 2nd quarter worth about $1,396,028,000. First Trust Advisors LP lifted its holdings in Zscaler by 36.2% during the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company's stock valued at $493,635,000 after purchasing an additional 935,781 shares during the last quarter. Amundi boosted its position in 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 during the period. Wellington Management Group LLP boosted its position in Zscaler by 23.5% during the second quarter. Wellington Management Group LLP now owns 1,103,212 shares of the company's stock worth $155,718,000 after purchasing an additional 209,711 shares during the period. Finally, Bank of America Corp DE boosted 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 purchasing an additional 239,326 shares during the period. Institutional investors own 46.45% of the company's stock.

Wall Street Analyst Weigh In

ZS has been the topic of several research reports. Zacks Research raised shares of Zscaler from a "strong sell" rating to a "hold" rating in a research report on Friday, October 2nd. Mizuho set a $235.00 price objective on shares of Zscaler in a report on Wednesday, October 7th. Roth Capital reaffirmed a "neutral" rating and issued a $170.00 price objective on shares of Zscaler in a report on Saturday, September 5th. Stifel Nicolaus lifted their price objective on shares of Zscaler from $200.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, October 7th. Finally, Stephens boosted their target price on shares of Zscaler from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, October 7th. Thirty-seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Zscaler currently has a consensus rating of "Moderate Buy" and an average price target of $240.14.

Zscaler Price Performance

NASDAQ:ZS opened at $247.82 on Friday. The firm has a market capitalization of $40.41 billion, a price-to-earnings ratio of -635.44, a P/E/G ratio of 24.32 and a beta of 0.94. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99. The stock has a fifty day moving average of $202.94 and a 200 day moving average of $167.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.10. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The business had revenue of $898.19 million for the quarter, compared to the consensus estimate of $876.96 million. During the same period last year, the firm posted $0.89 earnings per share. Zscaler's quarterly revenue 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. On average, research analysts expect that Zscaler, Inc. will post 0.70 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Robert Schlossman sold 5,394 shares of the business's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $200.00, for a total value of $1,078,800.00. Following the completion of the sale, the insider owned 61,525 shares of the company's stock, valued at approximately $12,305,000. The trade was a 8.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rubin sold 5,957 shares of the firm's stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $192.76, for a total transaction of $1,148,271.32. Following the completion of the transaction, the chief financial officer owned 43,287 shares in the company, valued at $8,344,002.12. This represents a 12.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 54,064 shares of company stock worth $11,316,078 in the last ninety days. Corporate insiders own 17.20% of the company's stock.

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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