Zscaler, Inc. $ZS Shares Purchased by Nissay Asset Management Corp Japan ADV

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in Zscaler, Inc. by 16.1% during the first quarter, now owning 30,887 shares valued at approximately $6,129,000.
• Several institutional investors have made significant changes to their positions in Zscaler, with Mercer Global Advisors Inc. ADV raising its stake by 141.9% in the fourth quarter.
• Analysts remain optimistic about Zscaler, with multiple brokerages issuing high price targets, including a lift from Wells Fargo from $260 to $385, indicating strong potential for growth.

Nissay Asset Management Corp Japan ADV lifted its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 16.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,887 shares of the company's stock after purchasing an additional 4,279 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Zscaler were worth $6,129,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ZS. Schonfeld Strategic Advisors LLC acquired a new position in shares of Zscaler in the fourth quarter valued at approximately $226,000. Mercer Global Advisors Inc. ADV lifted its stake in Zscaler by 141.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,205 shares of the company's stock worth $759,000 after acquiring an additional 2,467 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Zscaler by 30.1% in the fourth quarter. Baird Financial Group Inc. now owns 31,260 shares of the company's stock worth $5,640,000 after acquiring an additional 7,237 shares during the last quarter. Captrust Financial Advisors lifted its stake in Zscaler by 65.6% in the fourth quarter. Captrust Financial Advisors now owns 8,320 shares of the company's stock worth $1,501,000 after acquiring an additional 3,296 shares during the last quarter. Finally, Colonial Trust Co SC purchased a new position in Zscaler in the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 46.45% of the company's stock.

Insider Transactions at Zscaler

In related news, insider Syam Nair sold 4,064 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total value of $1,234,236.80. Following the completion of the sale, the insider owned 106,659 shares in the company, valued at $32,392,338.30. This represents a 3.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raj Judge sold 2,957 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total transaction of $898,040.90. Following the completion of the sale, the executive vice president owned 76,289 shares of the company's stock, valued at approximately $23,168,969.30. This trade represents a 3.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,305 shares of company stock worth $43,199,936 over the last 90 days. Company insiders own 18.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ZS. JMP Securities reiterated a "market outperform" rating and issued a $355.00 price target on shares of Zscaler in a research note on Wednesday. Robert W. Baird lifted their price target on shares of Zscaler from $330.00 to $345.00 and gave the stock an "outperform" rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Zscaler from $348.00 to $351.00 and gave the stock an "overweight" rating in a research note on Wednesday. Scotiabank decreased their price target on shares of Zscaler from $360.00 to $334.00 and set a "sector outperform" rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company upgraded shares of Zscaler from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $260.00 to $385.00 in a research note on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have assigned 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 an average price target of $307.00.

Zscaler Trading Up 2.2%

Shares of NASDAQ:ZS opened at $274.20 on Friday. The company has a market capitalization of $42.69 billion, a PE ratio of -1,015.56, a P/E/G ratio of 226.46 and a beta of 1.05. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $318.46. The firm has a 50 day simple moving average of $285.29 and a 200-day simple moving average of $251.14.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.49%. The company's revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. As a group, equities research analysts predict that Zscaler, Inc. will post -0.1 EPS for the current fiscal 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.

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.