Keybank National Association OH Sells 14,464 Shares of Zscaler, Inc. $ZS

Keybank National Association OH decreased its holdings in Zscaler, Inc. (NASDAQ:ZS) by 36.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,922 shares of the company’s stock after selling 14,464 shares during the quarter. Keybank National Association OH’s holdings in Zscaler were worth $4,970,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Zscaler during the second quarter valued at $1,396,028,000. First Trust Advisors LP raised its stake in shares of Zscaler by 36.2% during the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock valued at $493,635,000 after purchasing an additional 935,781 shares in the last quarter. Amundi lifted its holdings in Zscaler by 12.8% in the second quarter. Amundi now owns 1,137,837 shares of the company’s stock worth $160,606,000 after purchasing an additional 129,563 shares during the period. Wellington Management Group LLP lifted its holdings in Zscaler by 23.5% in the second quarter. Wellington Management Group LLP now owns 1,103,212 shares of the company’s stock worth $155,718,000 after purchasing an additional 209,711 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Zscaler by 44.3% in the first quarter. Bank of America Corp DE now owns 779,245 shares of the company’s stock worth $109,320,000 after purchasing an additional 239,326 shares during the period. Institutional investors own 46.45% of the company’s stock.

Zscaler Price Performance

NASDAQ ZS opened at $193.22 on Friday. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $316.85. The stock has a market capitalization of $31.50 billion, a P/E ratio of -495.44, a P/E/G ratio of 18.43 and a beta of 0.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70. The business’s fifty day moving average is $209.16 and its two-hundred day moving average is $167.37.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.10. The firm had revenue of $898.19 million during the quarter, compared to analyst estimates of $876.96 million. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. On average, research analysts forecast that Zscaler, Inc. will post 0.70 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ZS. Sanford C. Bernstein increased their target price on shares of Zscaler from $224.00 to $298.00 and gave the company an “outperform” rating in a research report on Thursday, September 17th. Weiss Ratings upgraded shares of Zscaler from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 24th. Citizens Jmp boosted their price target on shares of Zscaler from $210.00 to $265.00 and gave the stock a “market outperform” rating in a research report on Friday, October 9th. Mizuho set a $235.00 price target on shares of Zscaler in a research note on Wednesday, October 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $236.00 price objective on shares of Zscaler in a report on Wednesday, October 7th. Thirty-six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $236.65.

Insiders Place Their Bets

In related news, CEO Jagtar Chaudhry sold 2,852 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $192.76, for a total value of $549,751.52. Following the completion of the sale, the chief executive officer directly owned 340,186 shares of the company’s stock, valued at approximately $65,574,253.36. This represents a 0.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 23,958 shares of the stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $225.43, for a total value of $5,400,851.94. Following the completion of the sale, the insider directly owned 38,308 shares of the company’s stock, valued at approximately $8,635,772.44. This represents a 38.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 55,105 shares of company stock valued at $11,563,836 over the last ninety days. Corporate insiders own 17.20% of the company’s stock.

Zscaler Company Profile

Zscaler, Inc. is a cloud security company that provides services designed to help organizations protect users, applications, and data. Its platform, the Zscaler Zero Trust Exchange, connects users and devices to applications while applying security controls, rather than relying on traditional network boundaries. The company’s offerings include Zscaler Internet Access for securing internet and software-as-a-service traffic, and Zscaler Private Access for providing secure access to private applications.