QRG Capital Management Inc. Purchases 215 Shares of Zscaler, Inc. $ZS

QRG Capital Management Inc. grew its position in Zscaler, Inc. (NASDAQ:ZS) by 16.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,544 shares of the company’s stock after acquiring an additional 215 shares during the quarter. QRG Capital Management Inc.’s holdings in Zscaler were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ZS. T. Rowe Price Investment Management Inc. bought a new stake in Zscaler in the 1st quarter worth approximately $516,622,000. Nuveen LLC bought a new stake in Zscaler in the 1st quarter worth approximately $153,340,000. Goldman Sachs Group Inc. increased its stake in Zscaler by 23.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock worth $604,831,000 after acquiring an additional 578,883 shares during the last quarter. Woodline Partners LP bought a new stake in Zscaler in the 1st quarter worth approximately $70,340,000. Finally, Vanguard Group Inc. increased its stake in Zscaler by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock worth $1,962,474,000 after acquiring an additional 294,034 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 350,700 shares in the company, valued at approximately $98,441,490. This represents a 0.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Schlossman sold 7,006 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total value of $2,140,823.42. Following the completion of the sale, the insider owned 76,132 shares of the company’s stock, valued at $23,263,655.24. This represents a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,884 shares of company stock valued at $11,406,825 over the last 90 days. 18.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ZS has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $340.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. Canaccord Genuity Group lifted their target price on Zscaler from $320.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. Robert W. Baird lifted their target price on Zscaler from $330.00 to $345.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. Wedbush reiterated an “outperform” rating and issued a $330.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $350.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $307.43.

Zscaler Price Performance

ZS opened at $309.88 on Friday. The business has a fifty day moving average of $284.27 and a 200 day moving average of $267.00. Zscaler, Inc. has a 52-week low of $164.78 and a 52-week high of $319.89. 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 stock has a market cap of $49.05 billion, a P/E ratio of -1,147.70 and a beta of 1.06.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data 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 return on equity of 0.47% and a negative net margin of 1.55%.The company had revenue of $719.23 million during the quarter, compared to analysts’ expectations of $707.15 million. During the same quarter in the previous year, the business earned $0.88 EPS. Zscaler’s 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. As a group, sell-side analysts anticipate that Zscaler, Inc. will post -0.1 EPS 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.