SLT Holdings LLC Increases Position in Zscaler, Inc. $ZS

Key Points

• SLT Holdings LLC increased its stake in Zscaler, Inc. by 17.0%, owning a total of 7,396 shares valued at approximately $2.32 million, making it the firm's 13th largest holding.
• Multiple brokerages upgraded Zscaler's stock rating, with price targets raised, where Morgan Stanley set a new target at $320.00 and others also exceeded $300.
• Zscaler reported earnings of $0.89 per share, beating estimates and achieving a revenue of $719.23 million, reflecting a year-over-year growth of 21.3%.

SLT Holdings LLC boosted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 17.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,396 shares of the company's stock after purchasing an additional 1,073 shares during the quarter. Zscaler makes up approximately 1.8% of SLT Holdings LLC's holdings, making the stock its 13th largest holding. SLT Holdings LLC's holdings in Zscaler were worth $2,322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parisi Gray Wealth Management bought a new stake in shares of Zscaler in the 2nd quarter worth about $801,000. GAMMA Investing LLC increased its holdings in Zscaler by 43.1% in the first quarter. GAMMA Investing LLC now owns 641 shares of the company's stock valued at $127,000 after buying an additional 193 shares during the last quarter. Focus Partners Wealth increased its holdings in Zscaler by 2.5% in the first quarter. Focus Partners Wealth now owns 62,083 shares of the company's stock valued at $12,319,000 after buying an additional 1,517 shares during the last quarter. Howe & Rusling Inc. increased its holdings in Zscaler by 17.1% in the first quarter. Howe & Rusling Inc. now owns 24,672 shares of the company's stock valued at $4,895,000 after buying an additional 3,611 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Zscaler by 47.4% in the first quarter. Allworth Financial LP now owns 1,002 shares of the company's stock valued at $211,000 after buying an additional 322 shares during the last quarter. Institutional investors own 46.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ZS. Morgan Stanley upgraded Zscaler from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $280.00 to $320.00 in a report on Tuesday, September 2nd. BMO Capital Markets boosted their target price on shares of Zscaler from $295.00 to $315.00 and gave the company an "outperform" rating in a research note on Wednesday, September 3rd. Stifel Nicolaus boosted their target price on shares of Zscaler from $295.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Rosenblatt Securities boosted their target price on shares of Zscaler from $315.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Finally, KeyCorp boosted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $307.43.

Zscaler Trading Down 1.7%

Zscaler stock opened at $309.88 on Friday. The firm has a 50 day simple moving average of $284.27 and a 200-day simple moving average of $267.00. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market capitalization of $49.05 billion, a PE ratio of -1,147.70 and a beta of 1.06. Zscaler, Inc. has a 12-month low of $164.78 and a 12-month high of $319.89.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.09. The firm 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 firm's quarterly revenue was up 21.3% on a year-over-year basis. During the same period last year, the company posted $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. As a group, equities research analysts expect that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insider Transactions at Zscaler

In other news, EVP Raj Judge sold 4,524 shares of the firm's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the completion of the transaction, the executive vice president owned 73,832 shares in the company, valued at approximately $20,724,642.40. This trade represents a 5.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Adam Geller sold 11,193 shares of the firm's stock in a transaction dated 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 owned 53,942 shares of the company's stock, valued at approximately $15,141,519.40. This trade represents a 17.18% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,884 shares of company stock worth $11,406,825. Corporate insiders own 18.10% of the company's stock.

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.

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