Swedbank AB Has $3.06 Million Holdings in Zscaler, Inc. $ZS

Key Points

• Swedbank AB reduced its holdings in Zscaler, Inc. by 23.8% during Q2, decreasing ownership to 9,751 shares currently valued at $3.06 million.
• Several institutional investors have made significant changes to their stakes in Zscaler, with ORG Partners LLC increasing its stake by 284.8% in the same period.
• Zscaler's stock price opened at $294.27, and analysts have varying price targets, with an average target of $307.00 reflecting a "Moderate Buy" rating.

Swedbank AB lowered its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 23.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,751 shares of the company's stock after selling 3,046 shares during the period. Swedbank AB's holdings in Zscaler were worth $3,061,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Zscaler by 43.1% during 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. Parisi Gray Wealth Management acquired a new position in shares of Zscaler during the second quarter valued at about $801,000. Focus Partners Wealth raised its position in shares of Zscaler by 2.5% during 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. raised its position in shares of Zscaler by 17.1% during 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 raised its position in shares of Zscaler by 47.4% during 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 and hedge funds own 46.45% of the company's stock.

Zscaler Stock Performance

Shares of Zscaler stock traded down $2.70 during trading on Monday, hitting $291.57. 1,069,529 shares of the stock were exchanged, compared to its average volume of 1,942,154. The stock has a market capitalization of $46.16 billion, a price-to-earnings ratio of -1,079.89 and a beta of 1.05. The company has a fifty day moving average price of $280.39 and a 200-day moving average price of $258.25. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $318.46. 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 released its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.09. The company had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. Zscaler'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 business 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. As a group, equities analysts predict that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insider Activity at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $804,205.50. Following the completion of the sale, the chief executive officer owned 350,700 shares of the company's stock, valued at approximately $98,441,490. The trade was a 0.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Raj Judge sold 4,524 shares of Zscaler stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the sale, the executive vice president directly owned 73,832 shares of the company's stock, valued at $20,724,642.40. The trade was a 5.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,878 shares of company stock worth $9,266,002. 18.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on ZS shares. Evercore ISI increased their price target on shares of Zscaler from $290.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 3rd. Bank of America increased their price target on shares of Zscaler from $285.00 to $340.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. UBS Group dropped their price target on shares of Zscaler from $365.00 to $350.00 and set a "buy" rating for the company in a research report on Wednesday, September 3rd. Susquehanna increased their price target on shares of Zscaler from $320.00 to $340.00 and gave the stock a "positive" rating in a research report on Wednesday, September 3rd. Finally, Scotiabank dropped their price target on shares of Zscaler from $360.00 to $334.00 and set a "sector outperform" rating for the company in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $307.00.

Zscaler Company 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.