Anderson Financial Strategies LLC Makes New $238,000 Investment in Zscaler, Inc. $ZS

Key Points

• Anderson Financial Strategies LLC has made a new investment in Zscaler, Inc., acquiring 1,200 shares valued at approximately $238,000.
• Several hedge funds, including Quintet Private Bank and GSB Wealth Management, have also increased their stakes in Zscaler during the first quarter, collectively owning 46.45% of the company's stock.
• Analysts have raised their price targets for Zscaler, with KeyCorp setting a new target of $350.00, indicating a positive outlook on the stock which currently has a consensus rating of "Moderate Buy."

Anderson Financial Strategies LLC acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,200 shares of the company's stock, valued at approximately $238,000.

A number of other hedge funds also recently made changes to their positions in ZS. Quintet Private Bank Europe S.A. increased its holdings in shares of Zscaler by 4.7% in the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,120 shares of the company's stock worth $222,000 after acquiring an additional 50 shares during the period. Cerity Partners LLC increased its stake in Zscaler by 0.3% during the 1st quarter. Cerity Partners LLC now owns 22,928 shares of the company's stock valued at $4,549,000 after buying an additional 68 shares during the period. Koshinski Asset Management Inc. lifted its stake in shares of Zscaler by 2.6% in the 1st quarter. Koshinski Asset Management Inc. now owns 2,801 shares of the company's stock worth $556,000 after acquiring an additional 70 shares during the period. Choreo LLC increased its stake in shares of Zscaler by 2.7% during the first quarter. Choreo LLC now owns 2,909 shares of the company's stock valued at $577,000 after acquiring an additional 76 shares during the period. Finally, GSB Wealth Management LLC lifted its position in Zscaler by 3.5% in the first quarter. GSB Wealth Management LLC now owns 2,395 shares of the company's stock worth $475,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 46.45% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ZS. KeyCorp boosted their price objective on Zscaler from $345.00 to $350.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 3rd. Oppenheimer upped their price target on shares of Zscaler from $290.00 to $345.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Bank of America lifted their price objective on shares of Zscaler from $285.00 to $340.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Wells Fargo & Company raised shares of Zscaler from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $260.00 to $385.00 in a research note on Friday, June 13th. Finally, Evercore ISI lifted their price target on shares of Zscaler from $290.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $307.00.

Zscaler Trading Down 1.2%

Shares of NASDAQ ZS opened at $278.79 on Thursday. Zscaler, Inc. has a one year low of $154.66 and a one year high of $318.46. The business has a 50-day moving average price of $283.54 and a two-hundred day moving average price of $252.42. The firm has a market capitalization of $43.41 billion, a PE ratio of -1,032.56 and a beta of 1.05.

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

Insider Activity at Zscaler

In other news, EVP Raj Judge sold 2,957 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total transaction of $898,040.90. Following the transaction, the executive vice president directly owned 76,289 shares in the company, valued at $23,168,969.30. The trade was a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,849 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total value of $865,241.30. Following the sale, the chief executive officer owned 353,565 shares of the company's stock, valued at approximately $107,377,690.50. This represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,305 shares of company stock worth $7,093,136. 18.10% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.