Zscaler, Inc. $ZS Shares Bought by Weatherly Asset Management L. P.

Key Points

• Weatherly Asset Management L. P. increased its holdings in Zscaler, Inc. by 21.2%, acquiring an additional 2,910 shares, bringing their total to 16,660 shares valued at approximately $5.23 million.
• Zscaler reported a quarterly earnings per share (EPS) of $0.89 for the last quarter, exceeding analysts' expectations of $0.80, with a year-over-year revenue growth of 21.3%.
• Several institutional investors have recently purchased stakes in Zscaler, reflecting strong interest as they collectively own 46.45% of the company's stock.

Weatherly Asset Management L. P. lifted its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 21.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,660 shares of the company's stock after buying an additional 2,910 shares during the period. Weatherly Asset Management L. P.'s holdings in Zscaler were worth $5,230,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ZS shares. Oppenheimer raised their price target on Zscaler from $290.00 to $345.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Needham & Company LLC reiterated a "buy" rating and set a $350.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. JMP Securities reiterated a "market outperform" rating and set a $355.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. Evercore ISI lifted their target price on Zscaler from $290.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, September 3rd. Finally, Loop Capital lifted their target price on Zscaler from $250.00 to $260.00 and gave the stock a "hold" rating in a report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $307.00.

Zscaler Trading Up 1.1%

ZS stock traded up $3.16 during trading on Friday, reaching $294.27. The company had a trading volume of 2,049,598 shares, compared to its average volume of 1,942,154. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. Zscaler, Inc. has a 52 week low of $164.78 and a 52 week high of $318.46. The business has a 50 day moving average of $280.39 and a 200 day moving average of $257.68. The company has a market cap of $46.58 billion, a P/E ratio of -1,089.89 and a beta of 1.05.

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

Insider Buying and Selling at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the stock in a transaction that occurred on 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 $98,441,490. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam Geller sold 11,193 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 $3,141,875.10. Following the completion of the sale, the insider owned 53,942 shares in the company, valued at $15,141,519.40. The trade was a 17.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,878 shares of company stock valued at $9,266,002. Corporate insiders own 18.10% of the company's stock.

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.