Kornitzer Capital Management Inc. KS Acquires New Stake in Zscaler, Inc. $ZS

Kornitzer Capital Management Inc. KS acquired a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) during the second quarter, HoldingsChannel reports. The institutional investor acquired 19,200 shares of the company’s stock, valued at approximately $6,028,000.

A number of other large investors have also made changes to their positions in ZS. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Zscaler during the first quarter valued at $516,622,000. Nuveen LLC acquired a new stake in shares of Zscaler during the first quarter valued at $153,340,000. Goldman Sachs Group Inc. boosted its stake 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 last quarter. Woodline Partners LP acquired a new stake in shares of Zscaler during the first quarter valued at $70,340,000. Finally, Vanguard Group Inc. boosted its stake 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 last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analyst Ratings Changes

ZS has been the topic of several recent analyst reports. Canaccord Genuity Group increased their target price on Zscaler from $320.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, September 4th. Morgan Stanley upgraded Zscaler from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $280.00 to $320.00 in a research report on Tuesday, September 2nd. Royal Bank Of Canada increased their target price on Zscaler from $335.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Zacks Research upgraded Zscaler from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. Finally, JMP Securities reiterated a “market outperform” rating and set a $355.00 target price on shares of Zscaler in a research report on Wednesday, September 3rd. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $307.86.

Zscaler Stock Performance

Zscaler stock opened at $323.00 on Friday. The stock’s 50-day moving average is $290.53 and its 200-day moving average is $275.43. The company has a market cap of $51.13 billion, a price-to-earnings ratio of -1,196.30 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 $327.39.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. The company had revenue of $719.23 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $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. Equities analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Adam Geller sold 10,464 shares of the firm’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 sale, the insider directly owned 43,478 shares in the company, valued at approximately $12,358,621.50. This trade represents a 19.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jagtar Singh Chaudhry sold 2,865 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 value of $804,205.50. Following the sale, the chief executive officer owned 350,700 shares in the company, valued at approximately $98,441,490. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,084 shares of company stock valued at $12,446,825. Corporate insiders own 18.10% of the company’s stock.

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.