Ethic Inc. Has $2.52 Million Position in Zscaler, Inc. $ZS

Key Points

• Ethic Inc. increased its stake in Zscaler, Inc. by 60.8%, bringing its total holdings to 7,998 shares valued at $2.52 million as of the latest SEC filing.
• Zscaler reported earnings per share of $0.89 for the latest quarter, exceeding analysts' expectations, alongside a year-over-year revenue increase of 21.3% to $719.23 million.
• Institutional investors currently hold 46.45% of Zscaler's stock, with several firms upgrading their price targets and ratings, indicating a positive outlook for the company's stock.

Ethic Inc. lifted its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 60.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,998 shares of the company's stock after purchasing an additional 3,025 shares during the quarter. Ethic Inc.'s holdings in Zscaler were worth $2,522,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. SVB Wealth LLC acquired a new position in shares of Zscaler in the 1st quarter valued at approximately $26,000. Goodman Advisory Group LLC acquired a new position in shares of Zscaler in the 1st quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new position in shares of Zscaler in the 1st quarter valued at approximately $29,000. Exane Asset Management grew its position in shares of Zscaler by 185.7% in the 2nd quarter. Exane Asset Management now owns 100 shares of the company's stock valued at $31,000 after purchasing an additional 65 shares during the period. Finally, Whittier Trust Co. acquired a new position in shares of Zscaler in the 1st quarter valued at approximately $33,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Zscaler Stock Up 1.3%

ZS opened at $323.00 on Friday. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $327.39. The stock's fifty day simple moving average is $290.53 and its 200 day simple moving average is $274.75. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95. The stock has a market cap of $51.13 billion, a PE ratio of -1,196.30 and a beta of 1.06.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.09. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The business had revenue of $719.23 million for the quarter, compared to analysts' expectations of $707.15 million. During the same quarter in the prior year, the business earned $0.88 EPS. The firm's revenue for the quarter was up 21.3% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. As a group, research analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on ZS. Barclays upped their price target on Zscaler from $300.00 to $320.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 3rd. Susquehanna upped their price objective on Zscaler from $320.00 to $340.00 and gave the stock a "positive" rating in a research note on Wednesday, September 3rd. Morgan Stanley upgraded Zscaler from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $280.00 to $320.00 in a research note on Tuesday, September 2nd. Wedbush reiterated an "outperform" rating and set a $330.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. Finally, BMO Capital Markets upped their price objective on Zscaler from $295.00 to $315.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $307.86.

Insiders Place Their Bets

In other Zscaler news, EVP Raj Judge sold 4,524 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the transaction, the executive vice president owned 73,832 shares in the company, valued at $20,724,642.40. This trade represents a 5.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Schlossman sold 3,200 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of $325.00, for a total value of $1,040,000.00. Following the transaction, the insider owned 80,086 shares in the company, valued at $26,027,950. The trade was a 3.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,084 shares of company stock worth $12,446,825 in the last quarter. Insiders own 18.10% of the company's stock.

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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