DekaBank Deutsche Girozentrale Sells 33,415 Shares of Zscaler, Inc. $ZS

Key Points

• DekaBank Deutsche Girozentrale reduced its holdings in Zscaler, Inc. by 13.1%, selling 33,415 shares and now owns approximately 0.14% of the company worth $69,945,000.
• Insiders of Zscaler, including Adam Geller and Robert Schlossman, sold a total of 39,884 shares worth over $11 million in the last 90 days, indicating a decrease in their positions.
• Several brokerages have recently upgraded their ratings on Zscaler with price targets ranging from $307.86 to $355.00, highlighting an overall positive sentiment towards the company's stock.

DekaBank Deutsche Girozentrale trimmed its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 13.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 221,212 shares of the company's stock after selling 33,415 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.14% of Zscaler worth $69,945,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. purchased a new position in shares of Zscaler in the first quarter valued at about $516,622,000. Nuveen LLC bought a new position in shares of Zscaler during the 1st quarter valued at approximately $153,340,000. Goldman Sachs Group Inc. lifted its position in Zscaler by 23.4% during the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company's stock valued at $604,831,000 after purchasing an additional 578,883 shares during the last quarter. Woodline Partners LP purchased a new position in Zscaler in the first quarter worth about $70,340,000. Finally, Vanguard Group Inc. lifted its position in Zscaler by 3.1% in the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company's stock worth $1,962,474,000 after buying an additional 294,034 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ZS. Susquehanna increased their price target on Zscaler from $320.00 to $340.00 and gave the stock a "positive" rating in a report on Wednesday, September 3rd. Morgan Stanley raised shares of Zscaler from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $280.00 to $320.00 in a report on Tuesday, September 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $350.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. Wall Street Zen lowered Zscaler from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Bank of America lifted their target price on shares of Zscaler from $340.00 to $355.00 and gave the stock a "buy" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Zscaler has an average rating of "Moderate Buy" and a consensus price target of $307.86.

Insiders Place Their Bets

In other news, insider Adam Geller sold 10,464 shares of the company's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $284.25, for a total value of $2,974,392.00. Following the completion of the transaction, the insider owned 43,478 shares in the company, valued at approximately $12,358,621.50. This represents a 19.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Schlossman sold 7,006 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total value of $2,140,823.42. Following the transaction, the insider owned 76,132 shares in the company, valued at $23,263,655.24. This represents a 8.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,884 shares of company stock worth $11,406,825 over the last 90 days. Insiders own 18.10% of the company's stock.

Zscaler Stock Performance

Shares of Zscaler stock opened at $310.37 on Wednesday. The business's 50 day moving average price is $288.01 and its 200 day moving average price is $272.54. 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 company has a market cap of $49.13 billion, a price-to-earnings ratio of -1,149.52 and a beta of 1.06. Zscaler, Inc. has a one year low of $164.78 and a one year high of $319.89.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.09. The company had revenue of $719.23 million for the quarter, compared to analysts' expectations of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. Zscaler'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 company posted $0.88 earnings per share. 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 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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