Zscaler, Inc. $ZS Shares Acquired by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Zscaler, Inc. by 421.9% during the second quarter, owning approximately 0.21% of the company, valued at $101.5 million.
• Despite the increase in institutional investments, Zacks Research lowered Zscaler's rating to a "strong sell", while others like Bank of America raised their target price to $340.00 with a "buy" rating.
• Zscaler reported a quarterly earnings beat with $0.89 EPS and $719.23 million in revenue, marking a year-over-year growth of 21.3%.

Robeco Institutional Asset Management B.V. increased its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 421.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 323,351 shares of the company's stock after acquiring an additional 261,390 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.21% of Zscaler worth $101,513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Exane Asset Management raised its stake in shares of Zscaler by 185.7% during the second quarter. Exane Asset Management now owns 100 shares of the company's stock valued at $31,000 after purchasing an additional 65 shares during the period. Kozak & Associates Inc. acquired a new stake in Zscaler during the 2nd quarter valued at $35,000. ORG Partners LLC increased its stake in Zscaler by 284.8% during the 1st quarter. ORG Partners LLC now owns 127 shares of the company's stock worth $26,000 after buying an additional 94 shares during the period. SVB Wealth LLC acquired a new position in Zscaler in the 1st quarter worth $26,000. Finally, Goodman Advisory Group LLC purchased a new position in Zscaler in the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 46.45% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ZS. Zacks Research lowered Zscaler from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 3rd. Wedbush reaffirmed an "outperform" rating and issued a $330.00 target price on shares of Zscaler in a research report on Wednesday, September 3rd. Bank of America increased their target price on Zscaler from $285.00 to $340.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Evercore ISI lifted their price target on shares of Zscaler from $290.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 3rd. Finally, Royal Bank Of Canada upped their price target on shares of Zscaler from $335.00 to $350.00 and gave the company an "outperform" rating in a report on Thursday. One 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 given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $307.43.

Zscaler Stock Up 1.0%

ZS stock opened at $307.58 on Friday. The firm has a market cap of $48.69 billion, a price-to-earnings ratio of -1,139.19 and a beta of 1.06. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $318.46. The firm has a fifty day moving average price of $281.80 and a two-hundred day moving average price of $262.84. 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 (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 the consensus estimate 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 business had revenue of $719.23 million during the quarter, compared to analyst estimates of $707.15 million. During the same period in the previous year, the business posted $0.88 EPS. The company's quarterly 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. Research analysts predict that Zscaler, Inc. will post -0.1 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the firm'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 $804,205.50. Following the sale, the chief executive officer owned 350,700 shares of the company's stock, valued at approximately $98,441,490. This trade represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Raj Judge sold 4,524 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $1,269,886.80. Following the transaction, the executive vice president owned 73,832 shares of the company's stock, valued at $20,724,642.40. This represents a 5.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,884 shares of company stock valued at $11,406,825 over the last three months. 18.10% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding ZS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zscaler, Inc. (NASDAQ:ZS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.