Geode Capital Management LLC Buys 105,318 Shares of Zscaler, Inc. $ZS

Geode Capital Management LLC raised its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,866,329 shares of the company’s stock after purchasing an additional 105,318 shares during the quarter. Geode Capital Management LLC’s holdings in Zscaler were worth $584,160,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. SVB Wealth LLC acquired a new position in Zscaler in the 1st quarter valued at approximately $26,000. N.E.W. Advisory Services LLC bought a new position in Zscaler in the first quarter worth $29,000. Quaker Wealth Management LLC lifted its position in Zscaler by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 194 shares during the period. Exane Asset Management boosted its stake in Zscaler by 185.7% during the second quarter. Exane Asset Management now owns 100 shares of the company’s stock worth $31,000 after buying an additional 65 shares in the last quarter. Finally, Whittier Trust Co. bought a new stake in Zscaler in the 1st quarter valued at $33,000. Institutional investors own 46.45% of the company’s stock.

Insider Activity at Zscaler

In other news, EVP Raj Judge sold 4,524 shares of Zscaler stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,269,886.80. Following the completion of the sale, the executive vice president directly owned 73,832 shares of the company’s stock, valued at approximately $20,724,642.40. This trade represents a 5.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Geller sold 11,193 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $3,141,875.10. Following the sale, the insider owned 53,942 shares of the company’s stock, valued at approximately $15,141,519.40. The trade was a 17.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,084 shares of company stock valued at $12,446,825 over the last ninety days. Company insiders own 18.10% of the company’s stock.

Zscaler Stock Down 3.0%

NASDAQ ZS opened at $299.45 on Friday. The stock’s 50 day simple moving average is $305.33 and its 200 day simple moving average is $287.91. Zscaler, Inc. has a one year low of $164.78 and a one year high of $336.99. The firm has a market cap of $47.40 billion, a PE ratio of -1,109.07 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 (NASDAQ:ZS) last posted 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. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The company had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The business’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. As a group, sell-side analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ZS has been the subject of a number of analyst reports. Susquehanna raised their price objective on shares of Zscaler from $320.00 to $340.00 and gave the stock a “positive” rating in a report on Wednesday, September 3rd. UBS Group dropped their price target on shares of Zscaler from $365.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, September 3rd. Wedbush lifted their price objective on Zscaler from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Monday, November 10th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $340.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. Finally, Stifel Nicolaus raised their target price on Zscaler from $295.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and an average price target of $312.39.

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.