Northwestern Mutual Wealth Management Co. Has $4.02 Million Holdings in Zscaler, Inc. $ZS

Key Points

• Northwestern Mutual Wealth Management cut its Zscaler stake by 91.2% in the fourth quarter, selling 184,601 shares and leaving it with 17,882 shares valued at about $4.02 million.
• Zscaler’s latest earnings beat expectations, with EPS of $1.01 versus the $0.89 consensus and revenue of $815.75 million, up 25.9% year over year.
• Wall Street remains generally positive but mixed on the stock: analysts have a Moderate Buy consensus, though some recently cut targets or downgraded the shares, with a consensus price target of $261.26.

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 91.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,882 shares of the company's stock after selling 184,601 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Zscaler were worth $4,022,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Binnacle Investments Inc acquired a new stake in Zscaler during the 3rd quarter worth $25,000. Root Financial Partners LLC acquired a new stake in Zscaler during the 3rd quarter worth $26,000. Picton Mahoney Asset Management acquired a new stake in Zscaler during the 3rd quarter worth $30,000. Family CFO Inc acquired a new stake in Zscaler during the 4th quarter worth $34,000. Finally, Missouri Trust & Investment Co raised its stake in Zscaler by 1,460.0% during the 3rd quarter. Missouri Trust & Investment Co now owns 156 shares of the company's stock worth $47,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 46.45% of the company's stock.

Zscaler Stock Performance

ZS opened at $182.37 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.90 and a quick ratio of 1.90. The business's 50-day moving average price is $144.52 and its two-hundred day moving average price is $194.66. The company has a market capitalization of $29.32 billion, a price-to-earnings ratio of -434.21 and a beta of 0.96. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99.

Zscaler (NASDAQ:ZS - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.12. The business had revenue of $815.75 million for the quarter, compared to the consensus estimate of $798.92 million. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.Zscaler's quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. Equities analysts expect that Zscaler, Inc. will post -0.03 EPS for the current fiscal year.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Analysts are increasingly constructive on Zscaler ahead of earnings, with commentary pointing to strong AI security demand, Zero Trust growth, and adoption of Z-Flex as potential tailwinds for Q3 results. Zscaler's Q3 Earnings Countdown: Buy, Hold or Sell the Stock?
• Positive Sentiment: Jefferies reportedly expects Zscaler to beat annual recurring revenue growth expectations, suggesting federal demand and broader cybersecurity spending could support a strong fiscal third quarter and outlook. Zscaler set to benefit from federal tailwinds boosting fourth quarter outlook: analysts
• Positive Sentiment: Zscaler announced the intent to acquire Symmetry Systems, a move aimed at strengthening AI agent security, identity mapping, and data access governance across enterprise systems. Zscaler to Acquire Symmetry Systems, Combining Zero Trust and Access Graph Technology to Map and Secure AI Agent Communication
• Positive Sentiment: Several reports say Zscaler’s setup looks favorable into next week’s earnings, and B. Riley also upgraded the stock to buy, reinforcing the bullish sentiment around the name. Zscaler Setup Looks Positive Into Upcoming Earnings, UBS Says
• Neutral Sentiment: Zscaler also announced upcoming investor conference presentations, which typically keep attention on the stock but do not by themselves change the fundamentals. Zscaler to Present at Upcoming Investor Conferences
• Neutral Sentiment: Some coverage noted the stock had been weak in the prior session and remains below its 52-week high, but that appears to be overshadowed by the latest bullish earnings and AI-security headlines. Zscaler (ZS) Stock Drops Despite Market Gains: Important Facts to Note

Wall Street Analyst Weigh In

Several research firms have issued reports on ZS. Needham & Company LLC dropped their price target on Zscaler from $310.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. Citigroup downgraded Zscaler from a "buy" rating to a "neutral" rating in a research note on Monday, May 18th. Piper Sandler raised Zscaler from a "neutral" rating to a "neutral" rating in a research note on Monday, May 18th. Cantor Fitzgerald reissued an "overweight" rating on shares of Zscaler in a research note on Wednesday. Finally, Morgan Stanley set a $155.00 price target on Zscaler in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $261.26.

Insiders Place Their Bets

In related news, insider Adam Geller sold 2,094 shares of Zscaler stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total value of $321,491.82. Following the sale, the insider owned 46,949 shares of the company's stock, valued at approximately $7,208,079.97. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Schlossman sold 2,263 shares of Zscaler stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total value of $354,363.17. Following the completion of the sale, the insider directly owned 72,390 shares in the company, valued at approximately $11,335,550.10. This represents a 3.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 12,130 shares of company stock valued at $1,892,487 in the last quarter. 17.20% of the stock is currently owned by corporate insiders.

About Zscaler

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.

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