Baader Bank Aktiengesellschaft Has $1.59 Million Stake in Zscaler, Inc. $ZS

Key Points

• Baader Bank Aktiengesellschaft has significantly reduced its stake in Zscaler, Inc. by 33.5%, selling off 2,569 shares and now holding 5,107 shares worth approximately $1.59 million.
• Several major investors, including T. Rowe Price and Goldman Sachs, have recently increased their positions in Zscaler, indicating strong institutional interest in the stock.
• Analyst upgrades for Zscaler have boosted price targets, with estimates rising from $250 to as high as $340, while the stock maintains a consensus rating of "Moderate Buy."

Baader Bank Aktiengesellschaft reduced its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 33.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,107 shares of the company's stock after selling 2,569 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Zscaler were worth $1,590,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Zscaler by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company's stock worth $1,962,474,000 after purchasing an additional 294,034 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Zscaler by 23.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company's stock valued at $604,831,000 after acquiring an additional 578,883 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Zscaler during the 1st quarter valued at approximately $516,622,000. AQR Capital Management LLC lifted its stake in Zscaler by 23.6% during the first quarter. AQR Capital Management LLC now owns 1,191,930 shares of the company's stock worth $234,715,000 after purchasing an additional 227,899 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Zscaler in the first quarter worth $153,340,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of Zscaler from $290.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, September 3rd. Canaccord Genuity Group boosted their price objective on Zscaler from $320.00 to $340.00 and gave the company a "buy" rating in a research report on Thursday, September 4th. Piper Sandler boosted their price target on Zscaler from $260.00 to $280.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Barclays upped their price objective on Zscaler from $300.00 to $320.00 and gave the company an "overweight" rating in a report on Wednesday, September 3rd. Finally, Stifel Nicolaus upped their price objective on shares of Zscaler from $295.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $307.00.

Insiders Place Their Bets

In other news, EVP Raj Judge sold 4,524 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the sale, the executive vice president owned 73,832 shares in the company, valued at approximately $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Schlossman sold 3,832 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,075,642.40. Following the sale, the insider owned 83,138 shares in the company, valued at $23,336,836.60. The trade was a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,878 shares of company stock worth $9,266,002 over the last ninety days. Company insiders own 18.10% of the company's stock.

Zscaler Stock Performance

Shares of NASDAQ ZS traded up $3.16 during mid-day trading on Friday, hitting $294.27. The company had a trading volume of 2,049,598 shares, compared to its average volume of 1,883,776. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $318.46. The firm has a market cap of $46.58 billion, a P/E ratio of -1,089.89 and a beta of 1.05. The business's 50-day simple moving average is $280.39 and its 200-day simple moving average is $257.29. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.09. The company had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.Zscaler's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

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.