Cigna Investments Inc. New Buys New Shares in Zscaler, Inc. $ZS

Key Points

• Cigna Investments Inc. acquired 973 shares of Zscaler, valued at approximately $305,000, during the second quarter.
• Following recent transactions, insider sales included CEO Jagtar Singh Chaudhry selling 2,865 shares and EVP Raj Judge selling 4,524 shares, both on September 16th.
• Analysts have raised Zscaler's price targets, with Bank of America increasing theirs from $285 to $340, reflecting a positive outlook for the company's stock.

Cigna Investments Inc. New bought a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 973 shares of the company's stock, valued at approximately $305,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ZS. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Zscaler during the fourth quarter valued at approximately $28,802,000. Centaurus Financial Inc. lifted its stake in Zscaler by 13.1% during the fourth quarter. Centaurus Financial Inc. now owns 4,641 shares of the company's stock valued at $837,000 after purchasing an additional 538 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new stake in Zscaler during the fourth quarter valued at approximately $5,587,000. Wealth Enhancement Advisory Services LLC lifted its stake in Zscaler by 97.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,694 shares of the company's stock valued at $4,094,000 after purchasing an additional 11,179 shares during the last quarter. Finally, 111 Capital acquired a new stake in Zscaler during the fourth quarter valued at approximately $643,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The shares were 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 approximately $98,441,490. This represents a 0.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raj Judge sold 4,524 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the completion of the transaction, 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 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 in the last 90 days. 18.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on ZS. Bank of America increased their target price on shares of Zscaler from $285.00 to $340.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Truist Financial restated a "buy" rating and set a $300.00 price target (up previously from $260.00) on shares of Zscaler in a report on Friday, May 30th. Wedbush restated an "outperform" rating and set a $330.00 price target on shares of Zscaler in a report on Wednesday, September 3rd. BTIG Research restated a "buy" rating on shares of Zscaler in a report on Thursday, July 10th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $340.00 price target on shares of Zscaler in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $307.00.

Zscaler Stock Up 0.8%

Zscaler stock opened at $286.66 on Friday. The firm has a market cap of $45.38 billion, a PE ratio of -1,061.70 and a beta of 1.05. 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 firm's 50 day moving average price is $280.34 and its two-hundred day moving average price is $259.28. Zscaler, Inc. has a twelve month low of $164.78 and a twelve month high of $318.46.

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

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