TD Asset Management Inc Has $85.32 Million Stake in Zscaler, Inc. $ZS

TD Asset Management Inc decreased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 8.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 271,783 shares of the company’s stock after selling 25,717 shares during the period. TD Asset Management Inc’s holdings in Zscaler were worth $85,324,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. acquired a new stake in Zscaler in the first quarter valued at $516,622,000. Nuveen LLC acquired a new stake in Zscaler in the first quarter valued at $153,340,000. Goldman Sachs Group Inc. lifted its stake in Zscaler by 23.4% in 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 last quarter. Woodline Partners LP acquired a new stake in Zscaler in the first quarter valued at $70,340,000. Finally, Vanguard Group Inc. lifted its stake in Zscaler by 3.1% in 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 last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling at Zscaler

In related news, insider Adam Geller sold 11,193 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $3,141,875.10. Following the transaction, the insider directly owned 53,942 shares of the company’s stock, valued at approximately $15,141,519.40. This trade represents a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raj Judge sold 4,524 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the transaction, the executive vice president directly owned 73,832 shares in the company, valued at approximately $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,884 shares of company stock valued at $11,406,825 in the last three months. 18.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ZS. BTIG Research reiterated a “buy” rating on shares of Zscaler in a research note on Thursday, July 10th. Rosenblatt Securities increased their price target on shares of Zscaler from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Guggenheim reiterated a “neutral” rating on shares of Zscaler in a research note on Wednesday, September 3rd. B. Riley began coverage on shares of Zscaler in a research note on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 price target for the company. Finally, Canaccord Genuity Group increased their price target on shares of Zscaler from $320.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. One research 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $307.43.

Zscaler Price Performance

Shares of ZS opened at $301.80 on Wednesday. The firm has a market capitalization of $47.77 billion, a PE ratio of -1,117.78 and a beta of 1.06. The company’s 50-day moving average is $285.21 and its 200-day moving average is $268.76. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $319.89. 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 (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, beating 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 company had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. During the same period in the prior year, the firm earned $0.88 earnings per share. The company’s revenue was up 21.3% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Equities analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current year.

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.