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

Key Points

• Robeco Institutional Asset Management B.V. cut its stake in Zscaler by 36.0%, selling 139,866 shares and reducing its holding to 249,036 shares (about $56.0M), roughly 0.16% of the company.
• Zscaler topped estimates with quarterly EPS of $1.01 (vs. $0.89) and revenue of $815.8M (vs. $798.9M), up 25.9% year-over-year, and issued FY2026 guidance of 3.99–4.02 EPS; analysts’ consensus is a "Moderate Buy" with a $267.86 target.
• Insiders have been selling (CFO sold 1,682 shares at ~$156.59; insiders sold 12,130 shares worth ~$1.89M in the last 90 days) while shares trade around $122.64 with a 52‑week range of $114.63–$336.99 and a market cap of about $19.7B.

Robeco Institutional Asset Management B.V. lowered its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 36.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,036 shares of the company's stock after selling 139,866 shares during the period. Robeco Institutional Asset Management B.V. owned 0.16% of Zscaler worth $56,013,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. lifted its position in Zscaler by 3.2% in the third quarter. Bessemer Group Inc. now owns 1,021 shares of the company's stock valued at $306,000 after acquiring an additional 32 shares during the last quarter. Cox Capital Mgt LLC increased its position in shares of Zscaler by 0.6% during the third quarter. Cox Capital Mgt LLC now owns 5,576 shares of the company's stock worth $1,671,000 after purchasing an additional 33 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Zscaler by 3.7% in the 3rd quarter. Brookstone Capital Management now owns 936 shares of the company's stock valued at $280,000 after purchasing an additional 33 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Zscaler by 0.7% in the 3rd quarter. Wedbush Securities Inc. now owns 5,129 shares of the company's stock valued at $1,537,000 after purchasing an additional 34 shares during the last quarter. Finally, Goldstream Capital Management Ltd lifted its holdings in shares of Zscaler by 0.3% in the 3rd quarter. Goldstream Capital Management Ltd now owns 12,450 shares of the company's stock valued at $3,731,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Zscaler Price Performance

Shares of ZS opened at $122.64 on Tuesday. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. The company has a market capitalization of $19.72 billion, a price-to-earnings ratio of -292.01 and a beta of 1.12. The firm has a 50-day simple moving average of $154.08 and a 200-day simple moving average of $225.82. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The business had revenue of $815.75 million during the quarter, compared to the consensus estimate of $798.92 million. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The business's quarterly revenue was up 25.9% compared to the same quarter last year. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. On average, equities research analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Buying and Selling at Zscaler

In other news, CFO Kevin Rubin sold 1,682 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total transaction of $263,384.38. Following the completion of the sale, the chief financial officer owned 46,479 shares in the company, valued at approximately $7,278,146.61. This represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James A. Beer sold 177 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total transaction of $27,174.81. Following the sale, the director owned 4,384 shares of the company's stock, valued at $673,075.52. This trade represents a 3.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 12,130 shares of company stock valued at $1,892,487. Corporate insiders own 17.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ZS shares. Robert W. Baird reduced their target price on Zscaler from $360.00 to $300.00 and set an "outperform" rating for the company in a report on Monday, February 23rd. BMO Capital Markets reduced their target price on Zscaler from $315.00 to $210.00 and set an "outperform" rating for the company in a report on Friday, February 27th. Sanford C. Bernstein raised Zscaler from a "market perform" rating to an "outperform" rating and set a $228.00 target price for the company in a report on Friday, February 13th. Weiss Ratings reissued a "sell (d-)" rating on shares of Zscaler in a report on Wednesday, January 21st. Finally, TD Cowen reduced their target price on Zscaler from $330.00 to $260.00 and set a "buy" rating for the company in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $267.86.

Zscaler Company Profile

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.

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