Asset Management One Co. Ltd. Has $25.70 Million Stock Holdings in Zscaler, Inc. $ZS

Key Points

• Asset Management One Co. Ltd. has decreased its holdings in Zscaler, Inc. by 1.4%, now owning approximately $25.7 million worth of shares.
• Several institutional investors, including Goldman Sachs and Vanguard Group, have recently adjusted their stakes, with Vanguard now holding 9.9 million shares valued at nearly $1.96 billion.
• Analysts have set various price targets for Zscaler, with Royal Bank of Canada raising theirs to $350.00, while overall sentiment remains a "Moderate Buy" with an average target price of $307.86.

Asset Management One Co. Ltd. decreased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,864 shares of the company's stock after selling 1,172 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.05% of Zscaler worth $25,700,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ZS. T. Rowe Price Investment Management Inc. acquired a new stake in Zscaler during the 1st quarter valued at $516,622,000. Nuveen LLC acquired a new stake in shares of Zscaler during the first quarter worth $153,340,000. Goldman Sachs Group Inc. lifted its holdings in shares of Zscaler by 23.4% during the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company's stock worth $604,831,000 after buying an additional 578,883 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Zscaler during the first quarter worth $70,340,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Zscaler by 3.1% during the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company's stock worth $1,962,474,000 after buying an additional 294,034 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ZS. Royal Bank Of Canada lifted their target price on Zscaler from $335.00 to $350.00 and gave the stock an "outperform" rating in a report on Thursday, October 2nd. Cantor Fitzgerald reissued an "overweight" rating and set a $340.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. Scotiabank dropped their target price on Zscaler from $360.00 to $334.00 and set a "sector outperform" rating for the company in a report on Wednesday, September 3rd. Wall Street Zen downgraded Zscaler from a "buy" rating to a "hold" rating in a report on Saturday, October 18th. Finally, Bank of America raised their price target on Zscaler from $340.00 to $355.00 and gave the stock a "buy" rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $307.86.

Zscaler Stock Up 1.3%

Shares of NASDAQ ZS opened at $323.00 on Friday. Zscaler, Inc. has a 52 week low of $164.78 and a 52 week high of $327.39. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01. The stock's fifty day moving average is $290.53 and its 200 day moving average is $274.75. The stock has a market capitalization of $51.13 billion, a P/E ratio of -1,196.30 and a beta of 1.06.

Zscaler (NASDAQ:ZS - Get Free Report) last released its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.09. Zscaler had a negative return on equity of 0.47% 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 previous year, the business posted $0.88 earnings per share. The business's revenue for the quarter was up 21.3% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Sell-side analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $804,205.50. Following the transaction, the chief executive officer owned 350,700 shares in the company, valued at $98,441,490. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam Geller sold 11,193 shares of Zscaler stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $3,141,875.10. Following the completion of the transaction, the insider owned 53,942 shares in the company, valued at approximately $15,141,519.40. This represents a 17.18% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,084 shares of company stock worth $12,446,825. Insiders own 18.10% of the company's stock.

Zscaler Company 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.

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