Zscaler, Inc. $ZS Shares Bought by International Assets Investment Management LLC

Key Points

• International Assets Investment Management dramatically increased its Zscaler stake by 23,646.1% in the third quarter, buying 603,448 additional shares for a total of 606,000 shares valued at approximately $120.8 million.
• Analysts remain broadly bullish, with 36 Buy ratings, eight Holds and one Sell rating. Zscaler has a consensus “Moderate Buy” rating and an average price target of $236.65.
• Zscaler reported quarterly revenue of $898.19 million, up 24.9% year over year, and earnings per share of $1.19, beating analysts’ expectations of $1.09.

International Assets Investment Management LLC raised its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 23,646.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 606,000 shares of the company's stock after buying an additional 603,448 shares during the quarter. Zscaler comprises about 0.9% of International Assets Investment Management LLC's investment portfolio, making the stock its 17th biggest holding. International Assets Investment Management LLC owned about 0.37% of Zscaler worth $120,849,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ZS. Handelsbanken Fonder AB boosted its stake in Zscaler by 89.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 60,933 shares of the company's stock worth $8,601,000 after purchasing an additional 28,792 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Zscaler by 6.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 193,297 shares of the company's stock valued at $27,284,000 after purchasing an additional 11,941 shares during the last quarter. Bank of America Corp DE increased its stake in Zscaler by 44.3% during the 1st quarter. Bank of America Corp DE now owns 779,245 shares of the company's stock valued at $109,320,000 after purchasing an additional 239,326 shares in the last quarter. Krilogy Financial LLC increased its stake in Zscaler by 163.0% during the 3rd quarter. Krilogy Financial LLC now owns 11,008 shares of the company's stock valued at $2,195,000 after purchasing an additional 6,822 shares in the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new position in Zscaler in the second quarter worth about $11,232,000. Hedge funds and other institutional investors own 46.45% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Zscaler from $178.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, September 4th. Sanford C. Bernstein raised their price target on shares of Zscaler from $224.00 to $298.00 and gave the company an "outperform" rating in a research report on Thursday, September 17th. Jefferies Financial Group boosted their price objective on shares of Zscaler from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, October 7th. DA Davidson started coverage on Zscaler in a research report on Wednesday, October 21st. They issued a "neutral" rating and a $215.00 price objective on the stock. Finally, Citizens Jmp upped their price objective on Zscaler from $210.00 to $265.00 and gave the company a "market outperform" rating in a research report on Friday, October 9th. Thirty-six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $236.65.

Insider Activity at Zscaler

In related news, insider Adam Geller sold 1,042 shares of the business's stock in a transaction on Monday, October 12th. The shares were sold at an average price of $235.95, for a total value of $245,859.90. Following the sale, the insider owned 38,308 shares in the company, valued at approximately $9,038,772.60. The trade was a 2.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Schlossman sold 5,394 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $200.00, for a total transaction of $1,078,800.00. Following the transaction, the insider owned 61,525 shares of the company's stock, valued at $12,305,000. This trade represents a 8.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 54,064 shares of company stock valued at $11,316,078 in the last quarter. 17.20% of the stock is currently owned by corporate insiders.

Zscaler Price Performance

ZS opened at $237.83 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market capitalization of $38.78 billion, a P/E ratio of -609.82, a P/E/G ratio of 23.56 and a beta of 0.94. The company's 50-day simple moving average is $204.19 and its two-hundred day simple moving average is $167.61. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.10. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The firm had revenue of $898.19 million for the quarter, compared to the consensus estimate of $876.96 million. During the same quarter last year, the firm posted $0.89 EPS. The business's quarterly revenue was up 24.9% compared to the same quarter last year. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. As a group, analysts predict that Zscaler, Inc. will post 0.70 EPS for the current year.

Zscaler Profile

Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.

The company's offerings include Zscaler Internet Access, which provides secure access to internet and software-as-a-service applications, and Zscaler Private Access, which enables secure access to private applications without extending an organization's network to users.

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