Zscaler, Inc. $ZS Position Trimmed by Belpointe Asset Management LLC

Belpointe Asset Management LLC decreased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 22.0% in the 2nd quarter, Holdings Channel reports. The firm owned 910 shares of the company’s stock after selling 256 shares during the quarter. Belpointe Asset Management LLC’s holdings in Zscaler were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Zscaler by 3.1% during the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock valued at $1,962,474,000 after acquiring an additional 294,034 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Zscaler by 23.4% during the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock valued at $604,831,000 after acquiring an additional 578,883 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in shares of Zscaler during the first quarter valued at $516,622,000. AQR Capital Management LLC boosted its holdings in shares of Zscaler by 23.6% during the first quarter. AQR Capital Management LLC now owns 1,191,930 shares of the company’s stock valued at $234,715,000 after acquiring an additional 227,899 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Zscaler during the first quarter valued at $153,340,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Price Performance

Shares of Zscaler stock opened at $309.88 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95. The company’s 50-day moving average price is $284.27 and its two-hundred day moving average price is $267.00. Zscaler, Inc. has a 52 week low of $164.78 and a 52 week high of $319.89. The stock has a market cap of $49.05 billion, a PE ratio of -1,147.70 and a beta of 1.06.

Zscaler (NASDAQ:ZS) last issued 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. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The firm had revenue of $719.23 million for the quarter, compared to analysts’ expectations of $707.15 million. During the same period in the previous year, the business earned $0.88 earnings per share. 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. As a group, sell-side analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insider Buying and Selling at Zscaler

In other Zscaler news, EVP Raj Judge sold 4,524 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $1,269,886.80. Following the sale, the executive vice president directly owned 73,832 shares in the company, valued at approximately $20,724,642.40. The trade was a 5.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Geller sold 10,464 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 43,478 shares in the company, valued at approximately $12,358,621.50. This trade represents a 19.40% 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 in the last ninety days. 18.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on ZS. 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Zscaler in a report on Wednesday. Rosenblatt Securities boosted their price target on shares of Zscaler from $315.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. KeyCorp upped their price objective on shares of Zscaler from $345.00 to $350.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. Finally, Wells Fargo & Company raised shares of Zscaler from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $260.00 to $385.00 in a report on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and an average target price of $307.43.

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.