Danske Bank A S Makes New $7.95 Million Investment in Zscaler, Inc. $ZS

Key Points

• Danske Bank acquired 56,314 Zscaler shares in the second quarter, worth approximately $7.95 million. Institutional investors and hedge funds collectively own 46.45% of the company.
• Wall Street maintains a generally positive view, with 34 analysts rating Zscaler a Buy, six a Hold and one a Sell. The stock has a “Moderate Buy” consensus rating and an average price target of $215.36.
• Zscaler beat quarterly expectations, reporting $1.08 in earnings per share and $850.48 million in revenue, up 25.4% year over year. However, insiders sold 16,269 shares worth about $2.05 million over the past 90 days.

Danske Bank A S acquired a new position in Zscaler, Inc. (NASDAQ:ZS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,314 shares of the company's stock, valued at approximately $7,949,000.

Several other hedge funds have also recently bought and sold shares of ZS. Integrated Wealth Concepts LLC boosted its position in Zscaler by 19.9% during the first quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company's stock worth $285,000 after purchasing an additional 239 shares during the period. NewEdge Advisors LLC raised its position in shares of Zscaler by 8.2% in the first quarter. NewEdge Advisors LLC now owns 4,899 shares of the company's stock valued at $972,000 after purchasing an additional 370 shares during the period. Empowered Funds LLC raised its position in shares of Zscaler by 9.2% in the first quarter. Empowered Funds LLC now owns 2,811 shares of the company's stock valued at $558,000 after purchasing an additional 238 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Zscaler in the second quarter worth $252,000. Finally, Jump Financial LLC bought a new stake in shares of Zscaler during the 2nd quarter worth $3,019,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zscaler

In other news, CFO Kevin Rubin sold 503 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $147.12, for a total value of $74,001.36. Following the completion of the transaction, the chief financial officer owned 41,398 shares in the company, valued at approximately $6,090,473.76. This represents a 1.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Geller sold 2,817 shares of the firm's stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $122.60, for a total transaction of $345,364.20. Following the transaction, the insider directly owned 42,314 shares of the company's stock, valued at $5,187,696.40. The trade was a 6.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 16,269 shares of company stock valued at $2,052,589. Company insiders own 17.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ZS. Citigroup reiterated a "market outperform" rating on shares of Zscaler in a report on Wednesday, May 27th. Evercore set a $155.00 price target on shares of Zscaler and gave the company an "in-line" rating in a report on Wednesday, May 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $180.00 price target on shares of Zscaler in a research report on Wednesday, June 10th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Zscaler in a research note on Tuesday, June 9th. Finally, KeyCorp boosted their price objective on Zscaler from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday. Thirty-four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $215.36.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: KeyBanc raised its price target to $210 from a lower prior target, citing what it views as a valuation discount and potential for the cybersecurity company to regain investor confidence. KeyBanc upgrades Zscaler price target
• Positive Sentiment: Additional bullish analyst actions supported the stock. Mizuho lifted its price target to $210, Stifel Nicolaus raised its target to $200, and Cantor Fitzgerald assigned Zscaler an “Overweight” rating. The actions suggest Wall Street sees upside despite the stock’s sharp decline from its 52-week high. Mizuho raises Zscaler price target Stifel raises Zscaler price target Cantor Fitzgerald rates Zscaler Overweight
• Positive Sentiment: Rising AI-driven cyber threats reinforce demand for Zscaler’s platform. NTT DATA CEO Abhijit Dubey said frontier AI is making attacks more sophisticated, expanding the attack surface, and accelerating attacks to machine speed—an industry trend that could increase demand for cloud-based zero-trust security. AI and cybersecurity threats
• Positive Sentiment: Zscaler’s expanded Carahsoft partnership targets U.S. small and midsize businesses with standardized bundles, simpler pricing, and broader partner enablement. The initiative could diversify Zscaler’s customer base and create an additional growth channel beyond large enterprises. Zscaler and Carahsoft SMB partnership
• Negative Sentiment: AI-lab IPO speculation remains a risk to sentiment. Reports that Anthropic may pursue a massive public offering renewed concerns that investors could redirect capital from enterprise software stocks toward AI companies, contributing to recent pressure on Zscaler. Zscaler and AI IPO concerns

Zscaler Stock Performance

NASDAQ:ZS opened at $181.74 on Friday. The firm's 50-day moving average is $151.10 and its 200-day moving average is $150.54. The company has a market cap of $29.39 billion, a price-to-earnings ratio of -378.62, a PEG ratio of 68.66 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99.

Zscaler (NASDAQ:ZS - Get Free Report) last released its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share 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 business had revenue of $850.48 million for the quarter, compared to the consensus estimate of $835.14 million. During the same period last year, the business earned $0.84 earnings per share. The firm's revenue for the quarter 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. Equities research analysts anticipate that Zscaler, Inc. will post 0.12 earnings per share for the current year.

Zscaler Company Profile

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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