DnB Asset Management AS Increases Stock Holdings in Zscaler, Inc. $ZS

Key Points

• DnB Asset Management AS increased its stake in Zscaler, Inc. by 12.1% in Q1, holding 748,376 shares valued at approximately $148.5 million.
• Zscaler reported earnings of $0.89 per share, exceeding expectations of $0.80, with revenue up 21.3% year-over-year at $719.23 million.
• Analyst ratings for Zscaler are largely positive, with one Strong Buy, twenty-nine Buy, and seven Hold ratings, and an average price target of $307.00.

DnB Asset Management AS boosted its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 12.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 748,376 shares of the company's stock after buying an additional 80,993 shares during the period. DnB Asset Management AS owned 0.48% of Zscaler worth $148,493,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC grew its position in shares of Zscaler by 284.8% during the first quarter. ORG Partners LLC now owns 127 shares of the company's stock valued at $26,000 after purchasing an additional 94 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Zscaler during the 1st quarter worth approximately $26,000. Goodman Advisory Group LLC purchased a new stake in Zscaler in the 1st quarter valued at about $29,000. N.E.W. Advisory Services LLC bought a new position in Zscaler in the first quarter worth approximately $29,000. Finally, CVA Family Office LLC increased its stake in shares of Zscaler by 120.3% during the first quarter. CVA Family Office LLC now owns 152 shares of the company's stock valued at $30,000 after buying an additional 83 shares during the period. Hedge funds and other institutional investors own 46.45% of the company's stock.

Zscaler Stock Performance

NASDAQ ZS traded up $5.95 during trading hours on Friday, reaching $274.20. The stock had a trading volume of 1,620,011 shares, compared to its average volume of 1,603,908. The stock has a fifty day moving average of $285.29 and a 200 day moving average of $251.14. The stock has a market cap of $42.69 billion, a P/E ratio of -1,015.56, a price-to-earnings-growth ratio of 226.46 and a beta of 1.05. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $318.46.

Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.80 by $0.09. Zscaler had a negative return on equity of 0.49% and a negative net margin of 1.55%.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 firm posted $0.88 EPS. The business's quarterly revenue 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. On average, equities research analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current year.

Insiders Place Their Bets

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,849 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total value of $865,241.30. Following the sale, the chief executive officer owned 353,565 shares in the company, valued at approximately $107,377,690.50. This represents a 0.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Adam Geller sold 3,662 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $306.72, for a total value of $1,123,208.64. Following the completion of the sale, the insider owned 46,813 shares in the company, valued at approximately $14,358,483.36. This represents a 7.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,305 shares of company stock worth $43,199,936. Corporate insiders own 18.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ZS shares. Truist Financial reiterated a "buy" rating and set a $300.00 price objective (up from $260.00) on shares of Zscaler in a research note on Friday, May 30th. Bank of America boosted their target price on shares of Zscaler from $285.00 to $340.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Scotiabank reduced their target price on shares of Zscaler from $360.00 to $334.00 and set a "sector outperform" rating for the company in a report on Wednesday. Stifel Nicolaus upped their price objective on shares of Zscaler from $295.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Barclays upped their price objective on shares of Zscaler from $300.00 to $320.00 and gave the company an "overweight" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Zscaler presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.00.

Zscaler Company 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.