Panagora Asset Management Inc. Boosts Holdings in Zscaler, Inc. $ZS

Panagora Asset Management Inc. grew its position in Zscaler, Inc. (NASDAQ:ZS) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,741 shares of the company’s stock after buying an additional 6,027 shares during the period. Panagora Asset Management Inc. owned 0.12% of Zscaler worth $41,552,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Zscaler by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 11,423,424 shares of the company’s stock worth $2,569,357,000 after acquiring an additional 55,521 shares during the last quarter. Groupama Asset Managment lifted its holdings in shares of Zscaler by 76,352.6% in the 3rd quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock worth $1,423,385,000 after acquiring an additional 4,743,787 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Zscaler by 15.9% in the 4th quarter. First Trust Advisors LP now owns 2,582,897 shares of the company’s stock worth $580,945,000 after acquiring an additional 354,763 shares during the last quarter. State Street Corp lifted its holdings in shares of Zscaler by 3.4% in the 4th quarter. State Street Corp now owns 2,337,604 shares of the company’s stock worth $525,774,000 after acquiring an additional 77,800 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Zscaler by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company’s stock worth $464,783,000 after acquiring an additional 98,140 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Price Performance

Zscaler stock opened at $130.42 on Tuesday. The firm has a market cap of $21.09 billion, a PE ratio of -271.70, a price-to-earnings-growth ratio of 80.98 and a beta of 0.97. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99. 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’s 50 day moving average is $142.38 and its two-hundred day moving average is $175.99.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 EPS. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. On average, research analysts expect that Zscaler, Inc. will post 0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

ZS has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Zscaler from $250.00 to $205.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Needham & Company LLC restated a “buy” rating and issued a $180.00 price objective on shares of Zscaler in a report on Wednesday, June 10th. Sanford C. Bernstein decreased their price objective on shares of Zscaler from $228.00 to $224.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Scotiabank decreased their price objective on shares of Zscaler from $190.00 to $175.00 and set a “sector outperform” rating on the stock in a report on Wednesday, May 27th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $225.00 price objective on shares of Zscaler in a report on Wednesday, June 10th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $214.33.

Insider Buying and Selling

In other news, Director James A. Beer sold 177 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were 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 in the company, valued at approximately $673,075.52. This trade represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Geller sold 2,094 shares of the business’s stock in a transaction 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 owned 46,949 shares of the company’s stock, valued at approximately $7,208,079.97. The trade was a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 17.20% of the stock is owned by corporate insiders.

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.