LGT Fund Management Co Ltd. Makes New Investment in Zscaler, Inc. $ZS

LGT Fund Management Co Ltd. acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 650 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds also recently made changes to their positions in ZS. Parallel Advisors LLC grew its holdings in shares of Zscaler by 35.5% during the first quarter. Parallel Advisors LLC now owns 462 shares of the company’s stock worth $92,000 after purchasing an additional 121 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of Zscaler by 42.0% during the first quarter. Merit Financial Group LLC now owns 6,197 shares of the company’s stock worth $1,230,000 after buying an additional 1,832 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Zscaler by 295.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 158 shares of the company’s stock worth $31,000 after buying an additional 118 shares during the last quarter. E. Ohman J or Asset Management AB grew its holdings in shares of Zscaler by 28.6% during the first quarter. E. Ohman J or Asset Management AB now owns 4,950 shares of the company’s stock worth $982,000 after buying an additional 1,100 shares during the last quarter. Finally, Intellectus Partners LLC purchased a new position in shares of Zscaler during the first quarter worth about $201,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $305.41 on Friday. The business’s 50 day simple moving average is $282.18 and its 200-day simple moving average is $263.97. The firm has a market capitalization of $48.35 billion, a price-to-earnings ratio of -1,131.15 and a beta of 1.06. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $318.46.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.80 by $0.09. The business had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The company’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the company 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 analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Transactions at Zscaler

In other news, insider Adam Geller sold 10,464 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $284.25, for a total transaction of $2,974,392.00. Following the sale, the insider owned 43,478 shares of the company’s stock, valued at $12,358,621.50. The trade was a 19.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $804,205.50. Following the sale, the chief executive officer directly owned 350,700 shares in the company, valued at $98,441,490. This trade represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,884 shares of company stock worth $11,406,825 over the last quarter. Insiders own 18.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. BMO Capital Markets raised their price target on Zscaler from $295.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. Robert W. Baird raised their price target on Zscaler from $330.00 to $345.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. Royal Bank Of Canada raised their price target on Zscaler from $335.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $350.00 price target on shares of Zscaler in a report on Wednesday, September 3rd. Finally, Rosenblatt Securities raised their price objective on shares of Zscaler from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.43.

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.