Nordea Investment Management AB Has $26.34 Million Stock Position in Zscaler, Inc. $ZS

Key Points

• Nordea Investment Management AB has reduced its holdings in Zscaler, Inc. by 1.2%, now owning 84,437 shares valued at approximately $26.34 million.
• Analysts have given Zscaler a consensus rating of "Moderate Buy", with a price target of $307.43, following several upgrades from firms like Morgan Stanley and Barclays.
• Insiders, including CEO Jagtar Singh Chaudhry, have recently sold shares, with total insider sales amounting to $11.41 million over the last quarter.

Nordea Investment Management AB lowered its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 1.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,437 shares of the company's stock after selling 1,038 shares during the period. Nordea Investment Management AB owned about 0.05% of Zscaler worth $26,340,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Exane Asset Management raised its holdings in shares of Zscaler by 185.7% during the 2nd quarter. Exane Asset Management now owns 100 shares of the company's stock worth $31,000 after buying an additional 65 shares in the last quarter. Kozak & Associates Inc. acquired a new position in shares of Zscaler during the 2nd quarter worth $35,000. ORG Partners LLC raised its holdings in shares of Zscaler by 284.8% during the 1st quarter. ORG Partners LLC now owns 127 shares of the company's stock worth $26,000 after buying an additional 94 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Zscaler during the 1st quarter worth $26,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Zscaler during the 2nd quarter worth $41,000. Institutional investors and hedge funds own 46.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ZS. Morgan Stanley raised Zscaler from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $280.00 to $320.00 in a report on Tuesday, September 2nd. Weiss Ratings restated a "sell (d-)" rating on shares of Zscaler in a research report on Wednesday, October 8th. Barclays boosted their price objective on Zscaler from $300.00 to $320.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 3rd. Robert W. Baird boosted their price objective on Zscaler from $330.00 to $345.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 3rd. Finally, Stifel Nicolaus boosted their price objective on Zscaler from $295.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $307.43.

Zscaler Trading Up 0.3%

NASDAQ ZS opened at $300.25 on Friday. The business's 50-day moving average price is $286.62 and its two-hundred day moving average price is $270.81. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $319.89. The firm has a market capitalization of $47.53 billion, a PE ratio of -1,112.04 and a beta of 1.06. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95.

Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 EPS 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 firm had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. During the same quarter in the previous year, the company posted $0.88 EPS. The business's revenue 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. On average, analysts expect that Zscaler, Inc. will post -0.1 EPS for the current year.

Insider Buying and Selling

In other Zscaler news, 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 sale, the chief executive officer owned 350,700 shares in the company, valued at approximately $98,441,490. The trade was a 0.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Schlossman sold 7,006 shares of the company's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total value of $2,140,823.42. Following the completion of the sale, the insider owned 76,132 shares in the company, valued at $23,263,655.24. This trade represents a 8.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,884 shares of company stock worth $11,406,825. Corporate insiders own 18.10% of the company's stock.

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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