Bank Hapoalim BM Invests $2.67 Million in Zscaler, Inc. $ZS

Bank Hapoalim BM purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,885 shares of the company's stock, valued at approximately $2,666,000.

Several other large investors have also bought and sold shares of the business. First Trust Advisors LP grew its holdings in Zscaler by 36.2% during the 1st quarter. First Trust Advisors LP now owns 3,518,678 shares of the company's stock worth $493,635,000 after acquiring an additional 935,781 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Zscaler by 43.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company's stock valued at $578,576,000 after purchasing an additional 777,414 shares during the period. AQR Capital Management LLC lifted its stake in shares of Zscaler by 61.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,941,571 shares of the company's stock valued at $576,083,000 after purchasing an additional 741,756 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of Zscaler by 52.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company's stock worth $269,285,000 after purchasing an additional 661,413 shares during the last quarter. Finally, SEB Asset Management AB bought a new position in shares of Zscaler in the 1st quarter worth $60,033,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZS has been the subject of a number of recent analyst reports. Scotiabank dropped their price objective on Zscaler from $190.00 to $175.00 and set a "sector outperform" rating for the company in a report on Wednesday, May 27th. Mizuho reduced their target price on Zscaler from $210.00 to $185.00 and set an "outperform" rating on the stock in a report on Wednesday, May 27th. Needham & Company LLC restated a "buy" rating and set a $180.00 target price on shares of Zscaler in a research report on Wednesday, June 10th. Evercore set a $155.00 price target on Zscaler and gave the company an "in-line" rating in a research note on Wednesday, May 27th. Finally, Stifel Nicolaus cut their price target on shares of Zscaler from $180.00 to $175.00 and set a "buy" rating on the stock in a research report on Wednesday, May 27th. Thirty-four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $214.21.

Zscaler Stock Down 2.4%

NASDAQ:ZS opened at $183.60 on Friday. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99. The stock has a 50-day moving average price of $145.58 and a two-hundred day moving average price of $151.50. The stock has a market cap of $29.69 billion, a price-to-earnings ratio of -382.49, a PEG ratio of 66.08 and a beta of 0.94. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72.

Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.07. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The company had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. During the same quarter last year, the firm posted $0.84 earnings per share. Zscaler's revenue was up 25.4% compared to the same quarter last year. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. As a group, equities analysts expect that Zscaler, Inc. will post 0.12 earnings per share for the current year.

Insider Activity at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the firm's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $363,865.54. Following the sale, the chief executive officer directly owned 343,038 shares in the company, valued at approximately $43,370,294.34. This trade represents a 0.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 2,817 shares of Zscaler stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $122.60, for a total transaction of $345,364.20. Following the completion of the transaction, the insider directly owned 42,314 shares in the company, valued at approximately $5,187,696.40. The trade was a 6.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 16,269 shares of company stock valued at $2,052,589. Corporate insiders own 17.20% of the company's stock.

About Zscaler

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.

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