Zscaler, Inc. $ZS Holdings Lifted by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Zscaler stake by 6.6% in the second quarter, owning 193,297 shares valued at approximately $27.3 million. Institutional investors and hedge funds collectively own 46.45% of the company.
• Zscaler reported quarterly EPS of $1.08, exceeding estimates of $1.01, while revenue rose 25.4% year over year to $850.48 million. The company provided fiscal 2026 EPS guidance of $4.10–$4.11.
• Analyst sentiment remains positive, with 34 Buy ratings, six Holds and one Sell; the stock has a consensus rating of “Moderate Buy” and an average price target of $214.21.

Assenagon Asset Management S.A. grew its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 6.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 193,297 shares of the company's stock after buying an additional 11,941 shares during the period. Assenagon Asset Management S.A. owned 0.12% of Zscaler worth $27,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in Zscaler by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 11,423,424 shares of the company's stock valued at $2,569,357,000 after acquiring an additional 55,521 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Zscaler by 36.2% during the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company's stock valued at $493,635,000 after purchasing an additional 935,781 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Zscaler by 43.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company's stock valued at $578,576,000 after purchasing an additional 777,414 shares during the period. State Street Corp raised its stake in shares of Zscaler by 3.4% during the fourth quarter. State Street Corp now owns 2,337,604 shares of the company's stock valued at $525,774,000 after purchasing an additional 77,800 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Zscaler by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company's stock valued at $464,783,000 after purchasing an additional 98,140 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zscaler

In other news, insider Adam Geller sold 2,817 shares of the firm's stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $122.60, for a total transaction of $345,364.20. Following the completion of the sale, the insider directly owned 42,314 shares of the company's stock, valued at $5,187,696.40. This trade represents a 6.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rubin sold 503 shares of Zscaler stock in a transaction on Monday, July 27th. The stock was sold at an average price of $147.12, for a total value of $74,001.36. Following the completion of the transaction, the chief financial officer owned 41,398 shares in the company, valued at $6,090,473.76. The trade was a 1.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 16,269 shares of company stock valued at $2,052,589. 17.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ZS shares. Wolfe Research reiterated an "outperform" rating and issued a $150.00 target price on shares of Zscaler in a research report on Thursday, June 11th. Canaccord Genuity Group restated a "buy" rating and set a $210.00 price target on shares of Zscaler in a research report on Thursday, June 11th. Citigroup reaffirmed a "market outperform" rating on shares of Zscaler in a research note on Wednesday, May 27th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $179.00 price objective on shares of Zscaler in a report on Wednesday, May 27th. Finally, Truist Financial set a $210.00 price objective on shares of Zscaler in a research note on Wednesday, May 27th. Thirty-four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Zscaler currently has an average rating of "Moderate Buy" and a consensus price target of $214.21.

Zscaler Price Performance

Shares of Zscaler stock opened at $168.68 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. The company's 50-day moving average price is $141.50 and its two-hundred day moving average price is $152.07. Zscaler, Inc. has a 52 week low of $114.63 and a 52 week high of $336.99. The stock has a market cap of $27.28 billion, a PE ratio of -351.41, a price-to-earnings-growth ratio of 60.71 and a beta of 0.94.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.07. The company had revenue of $850.48 million during the quarter, compared to analyst estimates of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The business's revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 EPS. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. As a group, sell-side analysts anticipate that Zscaler, Inc. will post 0.12 EPS for the current fiscal year.

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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