Nykredit A S Purchases New Holdings in Zscaler, Inc. $ZS

Key Points

• Nykredit A/S initiated a $6.1 million position in Zscaler by purchasing 43,277 shares during the second quarter. Other institutions also increased holdings or opened new positions, with institutional investors collectively owning 46.45% of the company.
• Zscaler exceeded quarterly expectations, reporting $1.19 in earnings per share versus the $1.09 consensus and revenue of $898.19 million. Revenue increased 24.9% year over year, while the company maintained a negative net margin.
• Analysts remain broadly optimistic, with 34 Buy, six Hold, and two Sell ratings and a consensus price target of $218.38. Meanwhile, insiders sold shares under pre-arranged Rule 10b5-1 plans, including $1.08 million sold by Robert Schlossman and $132,200 by Adam Geller.

Nykredit A S purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 43,277 shares of the company's stock, valued at approximately $6,109,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZS. Handelsbanken Fonder AB lifted its holdings in Zscaler by 89.6% in the second quarter. Handelsbanken Fonder AB now owns 60,933 shares of the company's stock worth $8,601,000 after acquiring an additional 28,792 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Zscaler by 6.6% during the second quarter. Assenagon Asset Management S.A. now owns 193,297 shares of the company's stock valued at $27,284,000 after purchasing an additional 11,941 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Zscaler by 44.3% during the first quarter. Bank of America Corp DE now owns 779,245 shares of the company's stock valued at $109,320,000 after purchasing an additional 239,326 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Zscaler in the second quarter worth approximately $11,232,000. Finally, Norges Bank acquired a new position in Zscaler during the fourth quarter valued at $79,762,000. Institutional investors and hedge funds own 46.45% of the company's stock.

Zscaler Price Performance

Shares of ZS opened at $207.13 on Tuesday. The stock has a 50 day simple moving average of $169.53 and a 200 day simple moving average of $152.21. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market capitalization of $33.77 billion, a PE ratio of -531.10, a P/E/G ratio of 23.74 and a beta of 0.95.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.10. The firm had revenue of $898.19 million during the quarter, compared to analyst estimates of $876.96 million. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The company's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 EPS. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. Sell-side analysts predict that Zscaler, Inc. will post 0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on ZS. Piper Sandler boosted their target price on shares of Zscaler from $160.00 to $175.00 and gave the stock a "neutral" rating in a research report on Friday, September 4th. JPMorgan Chase & Co. upped their price target on Zscaler from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Wednesday, August 26th. Guggenheim reiterated a "buy" rating and issued a $214.00 target price on shares of Zscaler in a research note on Friday, September 4th. Wells Fargo & Company boosted their price target on shares of Zscaler from $210.00 to $215.00 and gave the company an "overweight" rating in a report on Friday, September 4th. Finally, Morgan Stanley increased their target price on Zscaler from $145.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, September 4th. Thirty-four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $218.38.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: AI bookings rose sharply: Zscaler’s AI-related bookings increased more than 50% sequentially in the fourth quarter of fiscal 2026. The growth suggests rising demand for securing AI applications and could create an additional avenue for revenue expansion, although bookings growth will need to translate into sales and earnings. Zscaler's AI Bookings Jump 50%: Can AI Products Drive Growth?
• Neutral Sentiment: Increased market attention: Zscaler has become a trending stock among Zacks users, which may improve short-term visibility and trading interest but does not by itself change the company’s fundamentals. Zscaler Is a Trending Stock
• Neutral Sentiment: Peer comparison offers limited stock impact: A comparison of Zscaler with Rekor Systems focuses on relative business and financial characteristics rather than a new company-specific development. Critical Comparison: Zscaler and Rekor Systems
• Negative Sentiment: Insiders continued selling shares: Robert Schlossman sold 5,394 shares for approximately $1.08 million, and Adam Geller sold 661 shares for about $132,200. Both transactions occurred under pre-arranged Rule 10b5-1 plans, reducing the signal that the sales reflect a negative view of Zscaler’s outlook. Earlier reports also disclosed stock sales by CEO Jagtar Singh Chaudhry and a director. Zscaler SEC Insider Filing

Insider Buying and Selling at Zscaler

In other news, insider Adam Geller sold 661 shares of the business's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $200.00, for a total value of $132,200.00. Following the transaction, the insider owned 38,308 shares in the company, valued at approximately $7,661,600. The trade was a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Schlossman sold 5,394 shares of Zscaler stock in a transaction on Monday, September 21st. The shares were sold at an average price of $200.00, for a total transaction of $1,078,800.00. Following the completion of the sale, the insider directly owned 61,525 shares of the company's stock, valued at approximately $12,305,000. The trade was a 8.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 31,656 shares of company stock valued at $5,898,736 over the last ninety days. 17.20% of the stock is owned by corporate insiders.

Zscaler Company Profile

Zscaler, Inc is a cloud-native cybersecurity company that provides security services designed to help organizations connect users, devices, applications and workloads securely over the internet. Its platform is built around a zero-trust security model, which verifies access based on identity, context and policy rather than relying primarily on a traditional corporate network perimeter.

The company's offerings include Zscaler Internet Access, which secures access to internet and software-as-a-service applications, and Zscaler Private Access, which provides secure, policy-based access to private applications without requiring conventional virtual private networks.

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