Strs Ohio Raises Position in Zscaler, Inc. $ZS

Strs Ohio grew its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 773.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,393 shares of the company's stock after acquiring an additional 18,058 shares during the quarter. Strs Ohio's holdings in Zscaler were worth $4,587,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its holdings in shares of Zscaler by 9.4% during the fourth quarter. Fifth Third Bancorp now owns 1,118 shares of the company's stock worth $251,000 after buying an additional 96 shares during the last quarter. Danske Bank A S lifted its position in Zscaler by 23.9% during the 4th quarter. Danske Bank A S now owns 54,859 shares of the company's stock worth $12,339,000 after acquiring an additional 10,588 shares during the period. Turning Point Benefit Group Inc. lifted its position in Zscaler by 71.6% during the 4th quarter. Turning Point Benefit Group Inc. now owns 2,840 shares of the company's stock worth $639,000 after acquiring an additional 1,185 shares during the period. Wealthfront Advisers LLC grew its stake in shares of Zscaler by 29.4% in the 4th quarter. Wealthfront Advisers LLC now owns 10,734 shares of the company's stock valued at $2,414,000 after purchasing an additional 2,437 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Zscaler by 10.0% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 49,084 shares of the company's stock valued at $11,040,000 after purchasing an additional 4,451 shares during the period. Hedge funds and other institutional investors own 46.45% of the company's stock.

Zscaler Price Performance

Zscaler stock opened at $141.36 on Wednesday. The company has a market cap of $22.73 billion, a P/E ratio of -336.57 and a beta of 0.96. Zscaler, Inc. has a one year low of $114.63 and a one year high of $336.99. The business has a fifty day moving average of $143.27 and a two-hundred day moving average of $209.08. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ZS. Berenberg Bank decreased their price target on Zscaler from $390.00 to $320.00 and set a "buy" rating for the company in a report on Friday, February 27th. Morgan Stanley downgraded shares of Zscaler from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $200.00 to $155.00 in a research report on Wednesday, April 22nd. Canaccord Genuity Group reduced their target price on shares of Zscaler from $340.00 to $275.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $280.00 target price on shares of Zscaler in a report on Tuesday, February 24th. Finally, Needham & Company LLC dropped their price target on shares of Zscaler from $310.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Zscaler has an average rating of "Moderate Buy" and an average target price of $263.46.

Insider Activity at Zscaler

In other news, CFO Kevin Rubin sold 1,682 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $263,384.38. Following the sale, the chief financial officer owned 46,479 shares of the company's stock, valued at $7,278,146.61. The trade was a 3.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 1,941 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total value of $303,941.19. Following the completion of the sale, the chief executive officer owned 345,916 shares in the company, valued at approximately $54,166,986.44. This represents a 0.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,130 shares of company stock valued at $1,892,487 in the last ninety days. Company insiders own 17.20% of the company's stock.

Zscaler Company Profile

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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