Shikiar Asset Management Inc. Has $6.90 Million Position in Zscaler, Inc. $ZS

Key Points

• Shikiar Asset Management Inc. increased its investment in Zscaler, Inc. by 204.4% during the second quarter, owning a total of 21,965 shares valued at approximately $6.90 million.
• Several other institutional investors, including ORG Partners LLC and SVC Wealth LLC, significantly boosted their stakes in Zscaler, indicating strong interest in the company.
• Zscaler reported better-than-expected earnings with an EPS of $0.89 for the last quarter, surpassing analyst estimates, and has an average price target of $307.43 from equities analysts.

Shikiar Asset Management Inc. grew its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 204.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,965 shares of the company's stock after purchasing an additional 14,750 shares during the quarter. Zscaler comprises about 1.9% of Shikiar Asset Management Inc.'s investment portfolio, making the stock its 19th largest position. Shikiar Asset Management Inc.'s holdings in Zscaler were worth $6,896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ZS. ORG Partners LLC boosted its stake in Zscaler by 284.8% in the first 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 in the first quarter worth $26,000. Goodman Advisory Group LLC acquired a new position in Zscaler in the first quarter worth $29,000. N.E.W. Advisory Services LLC acquired a new position in Zscaler in the first quarter worth $29,000. Finally, CVA Family Office LLC boosted its stake in Zscaler by 120.3% in the first quarter. CVA Family Office LLC now owns 152 shares of the company's stock worth $30,000 after purchasing an additional 83 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Insider Buying and Selling

In other news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the business's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $804,205.50. Following the completion of the transaction, the chief executive officer directly 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 Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Geller sold 11,193 shares of the business'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 $3,141,875.10. Following the transaction, the insider owned 53,942 shares of the company's stock, valued at $15,141,519.40. The trade was a 17.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,884 shares of company stock valued at $11,406,825 over the last 90 days. 18.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on ZS shares. JMP Securities reissued a "market outperform" rating and issued a $355.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. Canaccord Genuity Group upped their price target on Zscaler from $320.00 to $340.00 and gave the company a "buy" rating in a research note on Thursday, September 4th. Wedbush reaffirmed an "outperform" rating and set a $330.00 price target on shares of Zscaler in a research note on Wednesday, September 3rd. UBS Group cut their price target on Zscaler from $365.00 to $350.00 and set a "buy" rating on the stock in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company raised Zscaler from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $260.00 to $385.00 in a research note on Friday, June 13th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $307.43.

Zscaler Price Performance

Zscaler stock opened at $315.21 on Friday. The firm has a market capitalization of $49.90 billion, a P/E ratio of -1,167.44 and a beta of 1.06. Zscaler, Inc. has a 1 year low of $164.78 and a 1 year high of $318.46. The business has a 50-day moving average of $283.68 and a 200-day moving average of $266.35. 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 posted its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.09. The company had revenue of $719.23 million during the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The company's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 EPS. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, equities analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current year.

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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