Northwestern Mutual Wealth Management Co. Boosts Stake in Zscaler, Inc. $ZS

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Zscaler, Inc. by a remarkable 1,636.7% in the first quarter, owning approximately 0.12% of the company, valued at $35.76 million.
• Zscaler reported earnings per share (EPS) of $0.84, exceeding projections of $0.76, with revenue of $678.03 million, up 22.6% year-over-year.
• Recent analyst ratings show a positive outlook for Zscaler, with price targets being raised, and an average consensus rating of "Moderate Buy", reflecting strong investor interest.

Northwestern Mutual Wealth Management Co. boosted its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 1,636.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 180,235 shares of the company's stock after purchasing an additional 169,857 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.12% of Zscaler worth $35,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of ZS. ORG Partners LLC raised its holdings in shares of Zscaler by 284.8% in the first quarter. ORG Partners LLC now owns 127 shares of the company's stock worth $26,000 after buying an additional 94 shares during the period. Colonial Trust Co SC bought a new position in Zscaler in the 4th quarter valued at $28,000. Goodman Advisory Group LLC purchased a new stake in Zscaler in the first quarter worth $29,000. N.E.W. Advisory Services LLC bought a new stake in shares of Zscaler during the first quarter worth $29,000. Finally, Elequin Capital LP bought a new stake in shares of Zscaler during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 46.45% of the company's stock.

Zscaler Stock Up 0.8%

Shares of ZS stock opened at $272.52 on Monday. The firm has a market cap of $42.43 billion, a price-to-earnings ratio of -1,048.15, a PEG ratio of 290.68 and a beta of 1.06. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $318.46. The company's 50 day moving average is $292.37 and its 200 day moving average is $247.14.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. Zscaler had a negative return on equity of 0.59% and a negative net margin of 1.52%.The business had revenue of $678.03 million for the quarter, compared to analysts' expectations of $667.13 million. During the same quarter last year, the firm earned $0.88 EPS. The business's revenue for the quarter was up 22.6% on a year-over-year basis. Zscaler has set its FY 2025 guidance at 3.180-3.19 EPS. Q4 2025 guidance at EPS. Analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zscaler news, insider Syam Nair sold 4,064 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total value of $1,234,236.80. Following the completion of the sale, the insider directly owned 106,659 shares in the company, valued at approximately $32,392,338.30. This trade represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Schlossman sold 3,174 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $305.07, for a total transaction of $968,292.18. Following the completion of the transaction, the insider directly owned 88,970 shares of the company's stock, valued at $27,142,077.90. The trade was a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 168,256 shares of company stock worth $50,618,544. Insiders own 18.10% of the company's stock.

Wall Street Analysts Forecast Growth

ZS has been the topic of a number of research analyst reports. Robert W. Baird upped their price target on shares of Zscaler from $295.00 to $315.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Bank of America upped their price target on shares of Zscaler from $285.00 to $340.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Evercore ISI upped their price target on shares of Zscaler from $245.00 to $290.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Piper Sandler restated a "neutral" rating and issued a $260.00 price target (up from $235.00) on shares of Zscaler in a report on Friday, May 30th. Finally, Rosenblatt Securities upped their price target on shares of Zscaler from $235.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $296.82.

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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