Virtus Wealth Solutions LLC Takes Position in Zscaler, Inc. $ZS

Key Points

• Virtus Wealth Solutions LLC acquired 18,509 shares of Zscaler, Inc. worth approximately $5.81 million, making it the firm's 21st largest position.
• Zscaler's latest quarterly earnings exceeded analysts' expectations, reporting $0.89 earnings per share and $719.23 million in revenue, up 21.3% year-over-year.
• The company's stock has received numerous analyst upgrades, with a consensus rating of "Moderate Buy" and a price target averaging $307.43.

Virtus Wealth Solutions LLC purchased a new position in Zscaler, Inc. (NASDAQ:ZS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,509 shares of the company's stock, valued at approximately $5,811,000. Zscaler comprises approximately 1.2% of Virtus Wealth Solutions LLC's holdings, making the stock its 21st biggest position.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Zscaler by 3.1% in 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. Goldman Sachs Group Inc. lifted its position in Zscaler by 23.4% in 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. T. Rowe Price Investment Management Inc. bought a new stake in Zscaler in the first quarter worth $516,622,000. AQR Capital Management LLC lifted its position in Zscaler by 23.6% in the first quarter. AQR Capital Management LLC now owns 1,191,930 shares of the company's stock worth $234,715,000 after buying an additional 227,899 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Zscaler in the first quarter worth $153,340,000. 46.45% of the stock is currently owned by institutional investors.

Zscaler Price Performance

Shares of ZS stock opened at $292.75 on Wednesday. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $318.46. The firm has a market capitalization of $46.34 billion, a price-to-earnings ratio of -1,084.26 and a beta of 1.06. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01. The stock's 50-day simple moving average is $282.56 and its 200-day simple moving average is $265.29.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and set a $350.00 target price on shares of Zscaler in a research report on Wednesday, September 3rd. Canaccord Genuity Group lifted their target price on Zscaler from $320.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. Wall Street Zen upgraded Zscaler from a "hold" rating to a "buy" rating in a research report on Sunday, September 7th. JMP Securities restated a "market outperform" rating and set a $355.00 price target on shares of Zscaler in a research note on Wednesday, September 3rd. Finally, BTIG Research restated a "buy" rating on shares of Zscaler in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Zscaler has a consensus rating of "Moderate Buy" and a consensus price target of $307.43.

Insider Transactions at Zscaler

In other Zscaler news, EVP Raj Judge sold 4,524 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,269,886.80. Following the completion of the transaction, the executive vice president directly owned 73,832 shares of the company's stock, valued at approximately $20,724,642.40. The trade was a 5.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam Geller sold 10,464 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $284.25, for a total value of $2,974,392.00. Following the completion of the transaction, the insider directly owned 43,478 shares of the company's stock, valued at $12,358,621.50. The trade was a 19.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,884 shares of company stock worth $11,406,825. 18.10% of the stock is owned by company insiders.

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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