Legal & General Group Plc Invests $89.74 Million in Zscaler, Inc. $ZS

Legal & General Group Plc purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 635,774 shares of the company’s stock, valued at approximately $89,740,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ZS. Binnacle Investments Inc bought a new position in Zscaler in the 3rd quarter worth approximately $25,000. AlphaCentric Advisors LLC bought a new position in Zscaler in the 4th quarter valued at $29,000. University of Texas Texas AM Investment Management Co. bought a new position in Zscaler in the 4th quarter valued at $30,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Zscaler in the 4th quarter valued at $32,000. Finally, Strive Financial Group LLC acquired a new stake in shares of Zscaler in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Key Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: A broad cybersecurity-sector re-rating lifted Zscaler and other previously underperforming security stocks. The First Trust NASDAQ Cybersecurity ETF also advanced strongly, suggesting investors are buying the group rather than focusing only on ZS. Cybersecurity sector re-rating
• Positive Sentiment: J.P. Morgan assigned Zscaler a “buy” or “overweight” view and raised its price target from $205 to $215. The higher target reinforces expectations for additional upside and was a direct bullish catalyst. J.P. Morgan upgrades Zscaler
• Positive Sentiment: Zscaler participated in Deep Cogito’s $43 million Series A financing. The investment provides exposure to a developer of self-improving AI models and supports Zscaler’s broader enterprise-AI positioning, although it is unlikely to materially affect near-term earnings. Deep Cogito financing
• Neutral Sentiment: Investors are awaiting Zscaler’s quarterly earnings announcement. The company previously exceeded consensus estimates for earnings and revenue, but the upcoming report must validate expectations for continued growth in cloud security and AI-related demand. Zscaler earnings announcement
• Negative Sentiment: Evercore placed Zscaler on its tactical “underperform” list ahead of results, indicating that valuation and elevated growth expectations could create downside risk if the earnings outlook disappoints. Evercore underperform view
• Negative Sentiment: CFO Kevin Rubin sold 503 shares worth approximately $87,210 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by about 1.2% and is a modest negative signal, though the planned nature and small size limit its significance. Zscaler CFO stock sale

Insider Buying and Selling

In other news, insider Adam Geller sold 2,817 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $122.60, for a total transaction of $345,364.20. Following the completion of the transaction, the insider directly owned 42,314 shares in the company, valued at approximately $5,187,696.40. The trade was a 6.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Schlossman sold 3,146 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $397,748.78. Following the completion of the sale, the insider directly owned 69,366 shares of the company’s stock, valued at approximately $8,769,943.38. This trade represents a 4.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 16,772 shares of company stock worth $2,139,799. Company insiders own 17.20% of the company’s stock.

Analysts Set New Price Targets

ZS has been the subject of a number of recent research reports. Robert W. Baird dropped their target price on Zscaler from $265.00 to $230.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Truist Financial set a $210.00 price target on Zscaler in a report on Wednesday, May 27th. Zacks Research upgraded Zscaler from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on Zscaler from $185.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Finally, KeyCorp upped their target price on shares of Zscaler from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Thirty-four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $216.18.

Zscaler Stock Performance

ZS stock opened at $187.30 on Friday. The business’s fifty day moving average is $155.00 and its 200-day moving average is $150.13. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. The company has a market cap of $30.29 billion, a P/E ratio of -390.20, a price-to-earnings-growth ratio of 100.24 and a beta of 0.94. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.07. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The business had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. During the same period last year, the company earned $0.84 EPS. The firm’s revenue was up 25.4% on a year-over-year basis. Equities research analysts forecast that Zscaler, Inc. will post 0.13 EPS for the current year.

About Zscaler

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.