Mn Services Vermogensbeheer B.V. Increases Position in Zscaler, Inc. $ZS

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Zscaler, Inc. by 16.4%, bringing its total shares to 37,600 worth approximately $11.8 million.
• Zscaler reported a quarterly earnings of $0.89 per share, exceeding estimates, along with a revenue of $719.23 million that reflects a 21.3% year-over-year increase.
• Equities analysts have set a consensus target price of $307.00 for Zscaler, with the stock receiving a majority of ratings classified as "Strong Buy" or "Buy".

Mn Services Vermogensbeheer B.V. grew its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 16.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,600 shares of the company's stock after purchasing an additional 5,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Zscaler were worth $11,804,000 at the end of the most recent quarter.

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

Insider Activity at Zscaler

In other Zscaler news, insider Adam Geller sold 10,464 shares of the stock in a transaction dated 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 directly owned 43,478 shares of the company's stock, valued at approximately $12,358,621.50. This trade represents a 19.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert Schlossman sold 3,832 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,075,642.40. Following the sale, the insider directly owned 83,138 shares in the company, valued at $23,336,836.60. This trade represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,878 shares of company stock worth $9,266,002 in the last ninety days. Corporate insiders own 18.10% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on ZS shares. Stifel Nicolaus increased their target price on shares of Zscaler from $295.00 to $330.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Zacks Research cut shares of Zscaler from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 3rd. Needham & Company LLC reissued a "buy" rating and issued a $350.00 target price on shares of Zscaler in a research report on Wednesday, September 3rd. Evercore ISI raised their price target on Zscaler from $290.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 3rd. Finally, Loop Capital lifted their price objective on Zscaler from $250.00 to $260.00 and gave the company a "hold" rating in a research note on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.00.

Zscaler Stock Performance

Shares of ZS traded down $0.13 during midday trading on Tuesday, reaching $291.44. 158,173 shares of the stock were exchanged, compared to its average volume of 2,119,687. The company has a market capitalization of $46.14 billion, a price-to-earnings ratio of -1,081.11 and a beta of 1.05. Zscaler, Inc. has a twelve month low of $164.78 and a twelve month high of $318.46. The business's 50-day moving average price is $280.39 and its 200 day moving average price is $258.25. 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 (NASDAQ:ZS - Get Free Report) last announced its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share 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 0.47%. 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 prior year, the firm earned $0.88 earnings per share. The business's quarterly 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. On average, sell-side analysts expect that Zscaler, Inc. will post -0.1 EPS 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.