TD Asset Management Inc Has $85.32 Million Stake in Zscaler, Inc. $ZS

Key Points

• TD Asset Management Inc has reduced its stake in Zscaler, Inc. by 8.6%, now holding approximately $85.32 million worth of shares.
• Several investment firms have increased their stakes in Zscaler, with T. Rowe Price and Goldman Sachs making significant purchases, indicating strong institutional interest.
• Zscaler's recent quarterly earnings exceeded estimates, with a revenue of $719.23 million and earnings per share of $0.89, reflecting a 21.3% year-over-year revenue growth.

TD Asset Management Inc trimmed its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 8.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 271,783 shares of the company's stock after selling 25,717 shares during the period. TD Asset Management Inc owned approximately 0.17% of Zscaler worth $85,324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ZS. T. Rowe Price Investment Management Inc. bought a new stake in shares of Zscaler during the first quarter worth approximately $516,622,000. Nuveen LLC bought a new stake in shares of Zscaler during the first quarter worth approximately $153,340,000. Goldman Sachs Group Inc. raised its stake in shares of Zscaler by 23.4% during the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company's stock worth $604,831,000 after buying an additional 578,883 shares during the last quarter. Woodline Partners LP bought a new stake in shares of Zscaler during the first quarter worth approximately $70,340,000. Finally, Vanguard Group Inc. raised its stake in shares of Zscaler by 3.1% during the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company's stock worth $1,962,474,000 after buying an additional 294,034 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

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 completion of the transaction, the insider owned 53,942 shares in the company, valued at approximately $15,141,519.40. This represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,865 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 $804,205.50. Following the transaction, the chief executive officer owned 350,700 shares of the company's stock, valued at $98,441,490. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,884 shares of company stock worth $11,406,825 over the last ninety days. 18.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZS. B. Riley began coverage on shares of Zscaler in a research note on Tuesday, August 26th. They set a "neutral" rating and a $275.00 price target for the company. Royal Bank Of Canada upped their target price on shares of Zscaler from $335.00 to $350.00 and gave the company an "outperform" rating in a research note on Thursday, October 2nd. Scotiabank lowered their target price on shares of Zscaler from $360.00 to $334.00 and set a "sector outperform" rating for the company in a research note on Wednesday, September 3rd. Evercore ISI upped their target price on shares of Zscaler from $290.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, September 3rd. Finally, Morgan Stanley raised shares of Zscaler from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $280.00 to $320.00 in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $307.43.

Zscaler Stock Down 3.6%

Zscaler stock opened at $301.80 on Wednesday. The stock has a market capitalization of $47.77 billion, a PE ratio of -1,117.78 and a beta of 1.06. Zscaler, Inc. has a twelve month low of $164.78 and a twelve month high of $319.89. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $285.21 and a 200-day moving average of $268.76.

Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.09. The company had revenue of $719.23 million during the quarter, compared to analysts' expectations of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The business's quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 earnings per share. 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 research analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current fiscal 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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