Handelsbanken Fonder AB Cuts Position in Zscaler, Inc. $ZS

Handelsbanken Fonder AB lessened its holdings in Zscaler, Inc. (NASDAQ:ZS) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,639 shares of the company’s stock after selling 10,268 shares during the period. Handelsbanken Fonder AB’s holdings in Zscaler were worth $10,265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Profund Advisors LLC increased its stake in Zscaler by 11.6% during the 4th quarter. Profund Advisors LLC now owns 12,559 shares of the company’s stock worth $2,825,000 after buying an additional 1,303 shares in the last quarter. ProShare Advisors LLC increased its stake in Zscaler by 46.3% during the 4th quarter. ProShare Advisors LLC now owns 249,609 shares of the company’s stock worth $56,142,000 after buying an additional 79,008 shares in the last quarter. Mission Wealth Management LP increased its stake in Zscaler by 4.0% during the 4th quarter. Mission Wealth Management LP now owns 6,517 shares of the company’s stock worth $1,466,000 after buying an additional 252 shares in the last quarter. North Dakota State Investment Board purchased a new stake in Zscaler during the 4th quarter worth approximately $773,000. Finally, iA Global Asset Management Inc. increased its stake in Zscaler by 10.0% during the 4th quarter. iA Global Asset Management Inc. now owns 19,828 shares of the company’s stock worth $4,460,000 after buying an additional 1,796 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling at Zscaler

In other news, insider Adam Geller sold 2,094 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total transaction of $321,491.82. Following the transaction, the insider directly owned 46,949 shares in the company, valued at $7,208,079.97. The trade was a 4.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 1,941 shares of the business’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 value of $303,941.19. Following the transaction, the chief executive officer owned 345,916 shares in the company, valued at approximately $54,166,986.44. This represents a 0.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 12,130 shares of company stock worth $1,892,487. 17.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of Zscaler in a research note on Wednesday. Oppenheimer cut their price objective on Zscaler from $280.00 to $250.00 and set an “outperform” rating for the company in a research note on Tuesday, March 10th. Sanford C. Bernstein assumed coverage on Zscaler in a research note on Monday. They set an “outperform” rating for the company. Royal Bank Of Canada cut their price objective on Zscaler from $250.00 to $205.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Finally, Morgan Stanley set a $155.00 price objective on Zscaler in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and an average price target of $261.26.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Analysts at Jefferies said Zscaler could benefit from federal spending tailwinds and may be positioned to beat expectations when it reports results on May 26, with ARR growth likely to remain strong.
• Positive Sentiment: B. Riley upgraded Zscaler to Buy, and other commentary suggested the stock has a positive setup heading into earnings, reinforcing the bullish case for the name.
• Positive Sentiment: Zscaler announced plans to acquire Symmetry Systems, adding identity mapping and data access technology that should expand its AI-focused zero-trust security platform over time. Article Title
• Neutral Sentiment: Zscaler also announced upcoming investor conference presentations, which keep management visible to the market but do not materially change the business outlook. Article Title
• Negative Sentiment: The stock had already been sliding in the latest session, with articles noting ZS fell despite broader market gains, suggesting some traders are taking profits or waiting for the earnings report.

Zscaler Trading Down 2.0%

Shares of Zscaler stock opened at $171.01 on Friday. The stock has a market cap of $27.50 billion, a P/E ratio of -407.17 and a beta of 0.96. The stock’s 50 day simple moving average is $143.95 and its 200-day simple moving average is $195.74. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.90 and a quick ratio of 1.90.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. The business had revenue of $815.75 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 25.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. Analysts predict that Zscaler, Inc. will post -0.03 EPS for the current fiscal 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.