Public Employees Retirement System of Ohio Has $14.13 Million Stock Holdings in Zscaler, Inc. $ZS

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Zscaler, Inc. by 15.5%, holding 45,001 shares valued at approximately $14.13 million after selling over 8,200 shares.
• Recent analyst upgrades include a "strong-buy" rating from FBN Securities and increased price targets from KeyCorp and Susquehanna, with a consensus target price of $307.00 and the majority of analysts rating the stock as a "Moderate Buy."
• Zscaler's recent earnings report showed an EPS of $0.89, surpassing estimates, with a revenue increase of 21.3% year-over-year to $719.23 million.

Public Employees Retirement System of Ohio trimmed its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 15.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,001 shares of the company's stock after selling 8,244 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Zscaler were worth $14,128,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC increased its position in Zscaler by 284.8% during the 1st quarter. ORG Partners LLC now owns 127 shares of the company's stock worth $26,000 after purchasing an additional 94 shares in the last quarter. SVB Wealth LLC acquired a new position in Zscaler during the 1st quarter worth approximately $26,000. Goodman Advisory Group LLC acquired a new position in Zscaler in the 1st quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new position in Zscaler in the 1st quarter valued at approximately $29,000. Finally, CVA Family Office LLC increased its position in Zscaler by 120.3% in the 1st quarter. CVA Family Office LLC now owns 152 shares of the company's stock valued at $30,000 after acquiring an additional 83 shares during the period. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on ZS shares. FBN Securities upgraded shares of Zscaler to a "strong-buy" rating in a research report on Friday, May 30th. KeyCorp upped their price target on shares of Zscaler from $345.00 to $350.00 and gave the company an "overweight" rating in a research report on Wednesday, September 3rd. Susquehanna upped their price target on shares of Zscaler from $320.00 to $340.00 and gave the company a "positive" rating in a research report on Wednesday, September 3rd. Morgan Stanley upgraded shares of Zscaler from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $280.00 to $320.00 in a research report on Tuesday, September 2nd. Finally, Wedbush restated an "outperform" rating and issued a $330.00 price target on shares of Zscaler 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, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $307.00.

Insider Activity at Zscaler

In related news, insider Adam Geller sold 11,193 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $3,141,875.10. Following the transaction, the insider directly owned 53,942 shares of the company's stock, valued at $15,141,519.40. This represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Schlossman sold 3,832 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $1,075,642.40. Following the transaction, the insider directly owned 83,138 shares in the company, valued at approximately $23,336,836.60. This represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,878 shares of company stock valued at $9,266,002 in the last ninety days. Insiders own 18.10% of the company's stock.

Zscaler Trading Up 2.8%

NASDAQ:ZS opened at $294.65 on Friday. The firm's fifty day moving average is $280.46 and its 200-day moving average is $259.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01. Zscaler, Inc. has a 52 week low of $164.78 and a 52 week high of $318.46. The firm has a market cap of $46.64 billion, a P/E ratio of -1,091.30 and a beta of 1.05.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings data 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 net margin of 1.55% and a negative return on equity of 0.47%. The company had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. During the same period in the prior year, the firm posted $0.88 EPS. The company's quarterly 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. Equities analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Zscaler Profile

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.

Want to see what other hedge funds are holding ZS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zscaler, Inc. (NASDAQ:ZS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.