Zscaler, Inc. $ZS Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 16.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,800 shares of the company's stock after acquiring an additional 5,200 shares during the period. KLP Kapitalforvaltning AS's holdings in Zscaler were worth $11,867,000 as of its most recent SEC filing.

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

Zscaler Trading Up 7.2%

Shares of ZS opened at $313.89 on Thursday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $49.69 billion, a P/E ratio of -1,162.56 and a beta of 1.06. The stock's fifty day simple moving average is $283.08 and its 200 day simple moving average is $265.62. Zscaler, Inc. has a twelve month low of $164.78 and a twelve month high of $318.46.

Zscaler (NASDAQ:ZS - Get Free Report) last issued 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 business had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The business's quarterly revenue was up 21.3% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. 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 forecast that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Transactions at Zscaler

In related news, insider Robert Schlossman sold 7,006 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total value of $2,140,823.42. Following the transaction, the insider directly owned 76,132 shares of the company's stock, valued at approximately $23,263,655.24. This trade represents a 8.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $804,205.50. Following the completion of the transaction, the chief executive officer directly owned 350,700 shares in the company, valued at $98,441,490. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,884 shares of company stock valued at $11,406,825. Corporate insiders own 18.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Susquehanna increased their target price on Zscaler from $320.00 to $340.00 and gave the company a "positive" rating in a report on Wednesday, September 3rd. KeyCorp increased their target price on Zscaler from $345.00 to $350.00 and gave the company an "overweight" rating in a report on Wednesday, September 3rd. Canaccord Genuity Group raised their price objective on Zscaler from $320.00 to $340.00 and gave the stock a "buy" rating in a report on Thursday, September 4th. Robert W. Baird raised their price objective on Zscaler from $330.00 to $345.00 and gave the stock an "outperform" rating in a report on Wednesday, September 3rd. Finally, Wall Street Zen upgraded Zscaler from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $307.43.

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.

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