Jennison Associates LLC Takes $23.41 Million Position in Zscaler, Inc. $ZS

Jennison Associates LLC purchased a new stake in Zscaler, Inc. (NASDAQ:ZS) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 74,561 shares of the company’s stock, valued at approximately $23,408,000.

A number of other institutional investors have also made changes to their positions in ZS. SVB Wealth LLC bought a new stake in shares of Zscaler in the first quarter worth $26,000. N.E.W. Advisory Services LLC bought a new stake in shares of Zscaler in the first quarter worth $29,000. Exane Asset Management lifted its position in shares of Zscaler by 185.7% in the second quarter. Exane Asset Management now owns 100 shares of the company’s stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of Zscaler in the first quarter worth $33,000. Finally, Bayforest Capital Ltd bought a new stake in shares of Zscaler in the first quarter worth $34,000. Institutional investors own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of Zscaler from $335.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Wall Street Zen lowered shares of Zscaler from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Piper Sandler boosted their price objective on shares of Zscaler from $260.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $355.00 price target on shares of Zscaler in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zscaler in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $307.86.

Insider Activity at Zscaler

In other news, insider Adam Geller sold 11,193 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $3,141,875.10. Following the transaction, the insider directly owned 53,942 shares of the company’s stock, valued at $15,141,519.40. This represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Raj Judge sold 4,524 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the completion of the transaction, the executive vice president directly owned 73,832 shares in the company, valued at $20,724,642.40. The trade was a 5.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 43,084 shares of company stock valued at $12,446,825 over the last three months. Company insiders own 18.10% of the company’s stock.

Zscaler Stock Performance

NASDAQ ZS opened at $322.04 on Friday. The firm has a market capitalization of $50.98 billion, a P/E ratio of -1,192.74 and a beta of 1.06. The firm’s fifty day moving average price is $294.57 and its two-hundred day moving average price is $278.90. Zscaler, Inc. has a 1 year low of $164.78 and a 1 year high of $329.30. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95.

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. 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 was up 21.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 earnings per share. 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 anticipate 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.