Banco Bilbao Vizcaya Argentaria S.A. Has $1.17 Million Holdings in Zscaler, Inc. $ZS

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in Zscaler, Inc. by 41.8%, ending the quarter with 5,847 shares valued at $1,173,000.
• Several institutional investors, including ORG Partners LLC and Colonial Trust Co SC, have recently made significant changes to their holdings in Zscaler, indicating fluctuating interest among investment firms.
• Equity analysts have raised their target prices for Zscaler, with JMP Securities increasing their price objective from $310 to $355, reflecting a generally positive outlook on the stock.

Banco Bilbao Vizcaya Argentaria S.A. decreased its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 41.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,847 shares of the company's stock after selling 4,197 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Zscaler were worth $1,173,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Zscaler by 3.1% in the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company's stock valued at $1,962,474,000 after buying an additional 294,034 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Zscaler by 23.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company's stock valued at $604,831,000 after buying an additional 578,883 shares in the last quarter. AQR Capital Management LLC boosted its stake in Zscaler by 120.1% in the fourth quarter. AQR Capital Management LLC now owns 964,031 shares of the company's stock valued at $173,921,000 after buying an additional 525,956 shares in the last quarter. Nuveen LLC acquired a new stake in Zscaler in the first quarter valued at about $153,340,000. Finally, Northern Trust Corp boosted its stake in Zscaler by 23.1% in the fourth quarter. Northern Trust Corp now owns 638,042 shares of the company's stock valued at $115,109,000 after buying an additional 119,536 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Trading Down 1.0%

ZS stock traded down $2.86 during mid-day trading on Monday, reaching $269.66. The company's stock had a trading volume of 819,543 shares, compared to its average volume of 1,438,319. The company has a market cap of $41.99 billion, a price-to-earnings ratio of -1,037.15, a price-to-earnings-growth ratio of 290.68 and a beta of 1.06. The business's 50 day moving average price is $291.66 and its 200 day moving average price is $247.59. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $318.46.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.08. The business had revenue of $678.03 million during the quarter, compared to the consensus estimate of $667.13 million. Zscaler had a negative return on equity of 0.59% and a negative net margin of 1.52%.The firm's revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share. Zscaler has set its FY 2025 guidance at 3.180-3.19 EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zscaler news, insider Syam Nair sold 4,064 shares of Zscaler stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total value of $1,234,236.80. Following the completion of the sale, the insider directly owned 106,659 shares in the company, valued at approximately $32,392,338.30. The trade was a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Raj Judge sold 2,957 shares of the firm's 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 completion of the sale, the executive vice president directly owned 76,289 shares of the company's stock, valued at $23,168,969.30. This trade represents a 3.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 168,256 shares of company stock valued at $50,618,544 in the last 90 days. Company insiders own 18.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on ZS shares. BTIG Research reiterated a "buy" rating on shares of Zscaler in a research report on Thursday, July 10th. Needham & Company LLC increased their target price on Zscaler from $240.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Robert W. Baird increased their target price on Zscaler from $295.00 to $315.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Stifel Nicolaus increased their target price on Zscaler from $270.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Evercore ISI increased their target price on Zscaler from $245.00 to $290.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $297.12.

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.