Flputnam Investment Management Co. acquired a new stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 44,152 shares of the company's stock, valued at approximately $6,232,000.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Zscaler by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 11,423,424 shares of the company's stock valued at $2,569,357,000 after purchasing an additional 55,521 shares during the period. First Trust Advisors LP raised its stake in shares of Zscaler by 36.2% in the 1st quarter. First Trust Advisors LP now owns 3,518,678 shares of the company's stock worth $493,635,000 after buying an additional 935,781 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Zscaler by 43.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company's stock valued at $578,576,000 after buying an additional 777,414 shares during the period. State Street Corp lifted its holdings in shares of Zscaler by 3.4% in the fourth quarter. State Street Corp now owns 2,337,604 shares of the company's stock valued at $525,774,000 after buying an additional 77,800 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Zscaler by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company's stock valued at $464,783,000 after buying an additional 98,140 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.
Zscaler Price Performance
ZS stock opened at $183.60 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market capitalization of $29.69 billion, a P/E ratio of -382.49, a P/E/G ratio of 66.08 and a beta of 0.94. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99. The company's 50 day simple moving average is $145.58 and its 200-day simple moving average is $151.06.
Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The firm had revenue of $850.48 million during the quarter, compared to analyst estimates of $835.14 million. During the same quarter last year, the business posted $0.84 EPS. The company's revenue was up 25.4% on a year-over-year basis. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. As a group, equities research analysts anticipate that Zscaler, Inc. will post 0.12 EPS for the current year.
Insiders Place Their Bets
In other news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $363,865.54. Following the completion of the sale, the chief executive officer owned 343,038 shares in the company, valued at $43,370,294.34. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Schlossman sold 3,146 shares of the firm's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $397,748.78. Following the completion of the sale, the insider directly owned 69,366 shares of the company's stock, valued at approximately $8,769,943.38. This trade represents a 4.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 16,269 shares of company stock worth $2,052,589 over the last three months. Company insiders own 17.20% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on ZS. HC Wainwright raised Zscaler from a "buy" rating to a "buy" rating in a report on Monday, May 18th. Morgan Stanley cut their price target on shares of Zscaler from $155.00 to $145.00 and set an "equal weight" rating for the company in a report on Wednesday, May 27th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $200.00 price objective on shares of Zscaler in a research note on Wednesday, June 10th. BMO Capital Markets dropped their target price on shares of Zscaler from $210.00 to $178.00 and set an "outperform" rating on the stock in a report on Wednesday, May 27th. Finally, Scotiabank dropped their target price on shares of Zscaler from $190.00 to $175.00 and set a "sector outperform" rating on the stock in a report on Wednesday, May 27th. Thirty-four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $214.21.
View Our Latest Analysis on ZS
Zscaler Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding ZS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zscaler, Inc. (NASDAQ:ZS - Free Report).
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