Zscaler, Inc. $ZS Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 43.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,726 shares of the company's stock after selling 3,643 shares during the period. Allianz Asset Management GmbH's holdings in Zscaler were worth $1,484,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ZS. T. Rowe Price Investment Management Inc. acquired a new stake in Zscaler in the 1st quarter valued at $516,622,000. Nuveen LLC acquired a new stake in Zscaler in the 1st quarter valued at $153,340,000. Goldman Sachs Group Inc. increased its holdings in Zscaler by 23.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company's stock valued at $604,831,000 after purchasing an additional 578,883 shares in the last quarter. Woodline Partners LP acquired a new stake in Zscaler in the 1st quarter valued at $70,340,000. Finally, Vanguard Group Inc. increased its holdings in Zscaler by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company's stock valued at $1,962,474,000 after purchasing an additional 294,034 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 7,006 shares of the firm's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total value of $2,140,823.42. Following the transaction, the insider owned 76,132 shares of the company's stock, valued at $23,263,655.24. This trade represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction 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 represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,084 shares of company stock worth $12,446,825. Insiders own 18.10% of the company's stock.

Wall Street Analysts Forecast Growth

ZS has been the subject of several recent analyst reports. Barclays raised their target price on Zscaler from $300.00 to $320.00 and gave the company an "overweight" rating in a research note on Wednesday, September 3rd. BTIG Research restated a "buy" rating on shares of Zscaler in a research note on Thursday, July 10th. Royal Bank Of Canada raised their target price on Zscaler from $335.00 to $350.00 and gave the company an "outperform" rating in a research note on Thursday, October 2nd. Bank of America raised their target price on Zscaler from $340.00 to $355.00 and gave the company a "buy" rating in a research note on Monday, October 20th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $340.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $307.86.

Zscaler Stock Performance

Shares of NASDAQ ZS opened at $323.00 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. The firm's 50-day moving average price is $290.53 and its two-hundred day moving average price is $275.43. Zscaler, Inc. has a 52-week low of $164.78 and a 52-week high of $327.39. The stock has a market capitalization of $51.13 billion, a P/E ratio of -1,196.30 and a beta of 1.06.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $719.23 million for the quarter, compared to analysts' expectations of $707.15 million. During the same quarter last year, the company posted $0.88 earnings per share. Zscaler's 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. As a group, sell-side analysts forecast that Zscaler, Inc. will post -0.1 earnings per share 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.

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.