EP Wealth Advisors LLC Buys Shares of 12,764 Zscaler, Inc. $ZS

Key Points

• EP Wealth Advisors LLC has acquired a new stake in Zscaler, Inc., purchasing 12,764 shares valued at approximately $2.53 million.
• Zscaler's shares opened at $270.58, with a 1-year performance range between $153.45 and $318.46.
• The company reported earnings of $0.89 per share for the latest quarter, exceeding analyst expectations, while revenue increased by 21.3% year-over-year.

EP Wealth Advisors LLC bought a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 12,764 shares of the company's stock, valued at approximately $2,533,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. PDT Partners LLC boosted its stake in shares of Zscaler by 401.3% in the 1st quarter. PDT Partners LLC now owns 31,697 shares of the company's stock valued at $6,289,000 after purchasing an additional 25,374 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its holdings in Zscaler by 119.0% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 2,795 shares of the company's stock valued at $555,000 after purchasing an additional 1,519 shares during the last quarter. Quarry LP acquired a new position in Zscaler in the first quarter valued at about $107,000. Baird Financial Group Inc. grew its stake in Zscaler by 0.9% during the first quarter. Baird Financial Group Inc. now owns 31,545 shares of the company's stock worth $6,259,000 after buying an additional 285 shares during the last quarter. Finally, Vident Advisory LLC grew its stake in Zscaler by 141.7% during the first quarter. Vident Advisory LLC now owns 162,471 shares of the company's stock worth $32,237,000 after buying an additional 95,250 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of Zscaler from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $260.00 to $385.00 in a research note on Friday, June 13th. JPMorgan Chase & Co. lifted their price objective on Zscaler from $348.00 to $351.00 and gave the company an "overweight" rating in a research report on Wednesday. Rosenblatt Securities lifted their price objective on Zscaler from $315.00 to $330.00 and gave the company a "buy" rating in a research report on Wednesday. Zacks Research cut Zscaler from a "hold" rating to a "strong sell" rating in a report on Wednesday. Finally, Stifel Nicolaus raised their target price on Zscaler from $295.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $307.00.

Insider Activity at Zscaler

In other news, insider Robert Schlossman sold 3,174 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $305.07, for a total value of $968,292.18. Following the transaction, the insider owned 88,970 shares of the company's stock, valued at approximately $27,142,077.90. This represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Syam Nair sold 4,064 shares of the 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 transaction, the insider owned 106,659 shares in the company, valued at approximately $32,392,338.30. This trade represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,305 shares of company stock valued at $43,199,936. Insiders own 18.10% of the company's stock.

Zscaler Trading Up 2.2%

Shares of NASDAQ:ZS traded up $5.95 on Friday, hitting $274.20. The company had a trading volume of 1,620,011 shares, compared to its average volume of 1,603,908. The stock has a market cap of $42.69 billion, a price-to-earnings ratio of -1,015.56, a P/E/G ratio of 226.46 and a beta of 1.05. The stock has a 50 day moving average price of $285.29 and a 200 day moving average price of $251.14. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $318.46.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.80 by $0.09. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.49%. The business had revenue of $719.23 million during the quarter, compared to the consensus estimate of $707.15 million. During the same quarter in the previous year, the firm posted $0.88 EPS. Zscaler's revenue was up 21.3% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Sell-side analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

About Zscaler

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.