Janney Montgomery Scott LLC Increases Holdings in Zscaler, Inc. $ZS

Janney Montgomery Scott LLC grew its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 118.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,154 shares of the company's stock after purchasing an additional 5,498 shares during the quarter. Janney Montgomery Scott LLC's holdings in Zscaler were worth $3,188,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. bought a new position in shares of Zscaler during the 1st quarter worth $516,622,000. Nuveen LLC bought a new position in shares of Zscaler during the 1st quarter worth $153,340,000. Goldman Sachs Group Inc. grew its stake in shares of Zscaler by 23.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company's stock worth $604,831,000 after acquiring an additional 578,883 shares during the period. Woodline Partners LP bought a new position in shares of Zscaler during the 1st quarter worth $70,340,000. Finally, Vanguard Group Inc. grew its stake in shares of Zscaler by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company's stock worth $1,962,474,000 after acquiring an additional 294,034 shares during the period. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Zscaler news, insider Adam Geller sold 10,464 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $284.25, for a total value of $2,974,392.00. Following the completion of the sale, the insider owned 43,478 shares in the company, valued at $12,358,621.50. This represents a 19.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the company's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $804,205.50. Following the completion of the sale, the chief executive officer owned 350,700 shares of the company's stock, valued at approximately $98,441,490. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,884 shares of company stock worth $11,406,825. Corporate insiders own 18.10% of the company's stock.

Analyst Upgrades and Downgrades

ZS has been the subject of several research reports. Susquehanna increased their price target on Zscaler from $320.00 to $340.00 and gave the stock a "positive" rating in a research note on Wednesday, September 3rd. Scotiabank cut their price target on Zscaler from $360.00 to $334.00 and set a "sector outperform" rating for the company in a research note on Wednesday, September 3rd. B. Riley began coverage on Zscaler in a research note on Tuesday, August 26th. They issued a "neutral" rating and a $275.00 target price for the company. Canaccord Genuity Group raised their target price on Zscaler from $320.00 to $340.00 and gave the stock a "buy" rating in a research note on Thursday, September 4th. Finally, JMP Securities restated a "market outperform" rating and issued a $355.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $307.43.

Zscaler Trading Up 7.2%

Shares of NASDAQ:ZS opened at $313.89 on Thursday. The company has a market cap of $49.69 billion, a P/E ratio of -1,162.56 and a beta of 1.06. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. Zscaler, Inc. has a 1 year low of $164.78 and a 1 year high of $318.46. The stock's fifty day moving average price is $283.08 and its 200-day moving average price is $265.62.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.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 business earned $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. Sell-side analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current 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.

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