Zscaler, Inc. $ZS Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. has reduced its stake in Zscaler, Inc. by 13.5%, owning 410,387 shares worth approximately $128.8 million after selling 64,044 shares during the second quarter.
• Several major institutional investors increased their positions in Zscaler, with T. Rowe Price acquiring a new stake valued at $516.6 million and Goldman Sachs raising its holdings by 23.4%.
• Zscaler reported $0.89 EPS for the latest quarter, beating expectations, with a year-over-year revenue growth of 21.3% and guidance for FY 2026 set at 3.640-3.680 EPS.

Assenagon Asset Management S.A. lowered its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 13.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 410,387 shares of the company's stock after selling 64,044 shares during the quarter. Assenagon Asset Management S.A. owned 0.26% of Zscaler worth $128,837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ZS. GAMMA Investing LLC lifted its position in Zscaler by 43.1% in the first quarter. GAMMA Investing LLC now owns 641 shares of the company's stock worth $127,000 after buying an additional 193 shares during the last quarter. Parisi Gray Wealth Management bought a new stake in shares of Zscaler in the 2nd quarter worth about $801,000. Focus Partners Wealth lifted its stake in Zscaler by 2.5% in the first quarter. Focus Partners Wealth now owns 62,083 shares of the company's stock worth $12,319,000 after purchasing an additional 1,517 shares during the last quarter. Howe & Rusling Inc. lifted its stake in shares of Zscaler by 17.1% during the 1st quarter. Howe & Rusling Inc. now owns 24,672 shares of the company's stock worth $4,895,000 after acquiring an additional 3,611 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Zscaler by 47.4% during the 1st quarter. Allworth Financial LP now owns 1,002 shares of the company's stock worth $211,000 after acquiring an additional 322 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on ZS. B. Riley began coverage on Zscaler in a research report on Tuesday, August 26th. They set a "neutral" rating and a $275.00 target price for the company. BTIG Research reiterated a "buy" rating on shares of Zscaler in a report on Thursday, July 10th. Truist Financial reaffirmed a "buy" rating and set a $300.00 price target (up previously from $260.00) on shares of Zscaler in a research note on Friday, May 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $340.00 price target on shares of Zscaler in a research note on Wednesday, September 3rd. Finally, Loop Capital lifted their target price on Zscaler from $250.00 to $260.00 and gave the company a "hold" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $307.00.

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $804,205.50. Following the transaction, the chief executive officer directly owned 350,700 shares of the company's stock, valued at approximately $98,441,490. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Schlossman sold 3,832 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 transaction of $1,075,642.40. Following the completion of the sale, the insider owned 83,138 shares in the company, valued at $23,336,836.60. The trade was a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,878 shares of company stock valued at $9,266,002 over the last three months. Company insiders own 18.10% of the company's stock.

Zscaler Stock Down 0.9%

Shares of ZS traded down $2.70 during mid-day trading on Monday, hitting $291.57. 1,068,376 shares of the company traded hands, compared to its average volume of 2,128,775. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $318.46. 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 company has a market capitalization of $46.16 billion, a PE ratio of -1,079.89 and a beta of 1.05. The business has a 50 day moving average of $280.39 and a 200 day moving average of $257.68.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating 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 business had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. During the same quarter in the prior year, the business posted $0.88 EPS. Zscaler's revenue for the quarter was up 21.3% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Equities research analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current year.

About Zscaler

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.