Zscaler, Inc. $ZS Shares Acquired by Howe & Rusling Inc.

Key Points

• Howe & Rusling Inc. increased its investment in Zscaler, Inc. by 17.1%, bringing their total holdings to 24,672 shares valued at approximately $4.9 million.
• Zscaler reported an earnings per share (EPS) of $0.89 for the last quarterly results, surpassing the consensus forecast of $0.80 and showing a 21.3% year-over-year revenue growth.
• Wall Street analysts maintain a generally positive outlook on Zscaler, with an average rating of "Moderate Buy" and a consensus target price of $307.00.

Howe & Rusling Inc. boosted its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 17.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,672 shares of the company's stock after buying an additional 3,611 shares during the quarter. Howe & Rusling Inc.'s holdings in Zscaler were worth $4,895,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Zscaler by 43.1% during the first quarter. GAMMA Investing LLC now owns 641 shares of the company's stock worth $127,000 after buying an additional 193 shares during the period. Allworth Financial LP boosted its stake in Zscaler by 47.4% during the first quarter. Allworth Financial LP now owns 1,002 shares of the company's stock worth $211,000 after buying an additional 322 shares during the period. Focus Partners Wealth boosted its stake 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 purchasing an additional 1,517 shares during the period. Anderson Financial Strategies LLC purchased a new stake in shares of Zscaler during the first quarter valued at $238,000. Finally, Jupiter Wealth Management LLC purchased a new stake in shares of Zscaler during the first quarter valued at $298,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZS. Royal Bank Of Canada boosted their target price on shares of Zscaler from $315.00 to $335.00 and gave the company an "outperform" rating in a research note on Wednesday, September 3rd. Loop Capital boosted their target price on shares of Zscaler from $250.00 to $260.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Bank of America boosted their target price on shares of Zscaler from $285.00 to $340.00 and gave the stock a "buy" rating in a report on Monday, June 9th. JPMorgan Chase & Co. upped their price objective on shares of Zscaler from $348.00 to $351.00 and gave the company an "overweight" rating in a report on Wednesday, September 3rd. Finally, UBS Group cut their price objective on shares of Zscaler from $365.00 to $350.00 and set a "buy" rating on the stock in a report on Wednesday, September 3rd. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $307.00.

Zscaler Stock Up 0.1%

Shares of ZS traded up $0.17 during midday trading on Wednesday, hitting $282.13. The company had a trading volume of 585,177 shares, compared to its average volume of 2,132,756. The company's 50-day simple moving average is $281.14 and its 200-day simple moving average is $255.31. 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 firm has a market capitalization of $44.66 billion, a P/E ratio of -1,046.14 and a beta of 1.05. Zscaler, Inc. has a 1 year low of $164.78 and a 1 year high of $318.46.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its earnings results 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 firm had revenue of $719.23 million during the quarter, compared to analysts' expectations of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The firm's revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, sell-side analysts expect that Zscaler, Inc. will post -0.1 EPS for the current year.

Zscaler 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.