Zscaler, Inc. $ZS Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its holdings in Zscaler, Inc. (NASDAQ:ZS) by 395.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 47,196 shares of the company’s stock after acquiring an additional 37,664 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Zscaler were worth $10,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westpac Banking Corp raised its holdings in Zscaler by 919.0% during the third quarter. Westpac Banking Corp now owns 9,986 shares of the company’s stock worth $2,992,000 after purchasing an additional 9,006 shares in the last quarter. Korea Investment CORP boosted its holdings in shares of Zscaler by 24.0% in the 3rd quarter. Korea Investment CORP now owns 98,370 shares of the company’s stock valued at $29,478,000 after buying an additional 19,026 shares in the last quarter. Vinva Investment Management Ltd grew its position in shares of Zscaler by 136.1% in the 3rd quarter. Vinva Investment Management Ltd now owns 11,347 shares of the company’s stock valued at $3,400,000 after buying an additional 6,541 shares during the last quarter. DNB Asset Management AS grew its position in shares of Zscaler by 63.8% in the 3rd quarter. DNB Asset Management AS now owns 33,219 shares of the company’s stock valued at $9,954,000 after buying an additional 12,936 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its stake in Zscaler by 43.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 55,907 shares of the company’s stock worth $16,753,000 after acquiring an additional 16,839 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the subject of a number of research reports. TD Cowen reduced their price target on shares of Zscaler from $330.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Stephens dropped their price objective on Zscaler from $340.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. BMO Capital Markets reduced their target price on Zscaler from $315.00 to $210.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Berenberg Bank decreased their target price on Zscaler from $390.00 to $320.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, Morgan Stanley dropped their price target on Zscaler from $305.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $265.43.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $134.80 on Tuesday. The company has a 50-day simple moving average of $149.62 and a 200-day simple moving average of $219.87. Zscaler, Inc. has a one year low of $114.63 and a one year high of $336.99. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $21.67 billion, a price-to-earnings ratio of -320.95 and a beta of 1.12.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The firm had revenue of $815.75 million for the quarter, compared to analyst estimates of $798.92 million. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.The business’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the company posted $0.78 earnings per share. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. On average, analysts predict that Zscaler, Inc. will post -0.03 EPS for the current year.

Insider Activity at Zscaler

In other news, EVP Raj Judge sold 2,488 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $389,595.92. Following the completion of the sale, the executive vice president owned 67,906 shares in the company, valued at $10,633,400.54. This represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James A. Beer sold 177 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total value of $27,174.81. Following the sale, the director directly owned 4,384 shares of the company’s stock, valued at approximately $673,075.52. This represents a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,130 shares of company stock worth $1,892,487 in the last ninety days. Company insiders own 17.20% of the company’s stock.

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.