Zscaler, Inc. $ZS Stock Position Lifted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 2.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 246,477 shares of the company’s stock after purchasing an additional 6,185 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Zscaler were worth $77,379,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Zscaler by 3.1% in the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock worth $1,962,474,000 after buying an additional 294,034 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Zscaler by 23.4% during the first 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 period. T. Rowe Price Investment Management Inc. bought a new position in Zscaler during the first quarter worth $516,622,000. AQR Capital Management LLC increased its position in Zscaler by 23.6% during the first quarter. AQR Capital Management LLC now owns 1,191,930 shares of the company’s stock worth $234,715,000 after acquiring an additional 227,899 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Zscaler in the 1st quarter valued at $153,340,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZS has been the subject of a number of recent research reports. Wedbush restated an “outperform” rating and issued a $330.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. UBS Group dropped their price objective on shares of Zscaler from $365.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, September 3rd. Robert W. Baird increased their price objective on shares of Zscaler from $330.00 to $345.00 and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $340.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $307.86.

Zscaler Stock Up 1.3%

Shares of NASDAQ:ZS opened at $323.00 on Monday. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $327.39. The company’s 50-day moving average price is $290.53 and its two-hundred day moving average price is $275.94. 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 firm has a market cap of $51.13 billion, a P/E ratio of -1,196.30 and a beta of 1.06.

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

Insider Buying and Selling at Zscaler

In other news, 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 transaction, the chief executive officer owned 350,700 shares of the company’s stock, valued at approximately $98,441,490. This trade represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Schlossman sold 7,006 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the completion of the transaction, the insider directly owned 76,132 shares in the company, valued at $23,263,655.24. This trade represents a 8.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,084 shares of company stock worth $12,446,825 over the last quarter. Company insiders own 18.10% of the company’s stock.

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.