Saudi Central Bank Has $1.03 Million Holdings in Zscaler, Inc. $ZS

Saudi Central Bank grew its stake in Zscaler, Inc. (NASDAQ:ZS) by 91.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,316 shares of the company’s stock after acquiring an additional 3,490 shares during the period. Saudi Central Bank’s holdings in Zscaler were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ZS. Handelsbanken Fonder AB raised its position in shares of Zscaler by 89.6% during the second quarter. Handelsbanken Fonder AB now owns 60,933 shares of the company’s stock worth $8,601,000 after acquiring an additional 28,792 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Zscaler by 6.6% in the second quarter. Assenagon Asset Management S.A. now owns 193,297 shares of the company’s stock valued at $27,284,000 after acquiring an additional 11,941 shares during the last quarter. Qsemble Capital Management LP boosted its holdings in Zscaler by 105.5% in the fourth quarter. Qsemble Capital Management LP now owns 15,773 shares of the company’s stock valued at $3,548,000 after acquiring an additional 8,099 shares during the last quarter. Bank of America Corp DE increased its position 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. Finally, Danica Pension Livsforsikringsaktieselskab acquired a new stake in Zscaler in the second quarter worth about $11,232,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Zscaler news, CEO Jagtar Chaudhry sold 2,878 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $363,865.54. Following the completion of the transaction, the chief executive officer directly owned 343,038 shares of the company’s stock, valued at approximately $43,370,294.34. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 2,817 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $122.60, for a total value of $345,364.20. Following the completion of the transaction, the insider directly owned 42,314 shares of the company’s stock, valued at approximately $5,187,696.40. The trade was a 6.24% 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 have sold 16,772 shares of company stock worth $2,139,799 in the last 90 days. Corporate insiders own 17.20% of the company’s stock.

Zscaler Stock Up 2.6%

Shares of NASDAQ ZS opened at $166.10 on Thursday. The stock has a market cap of $27.08 billion, a P/E ratio of -425.90, a P/E/G ratio of 61.32 and a beta of 0.95. The firm has a 50 day moving average price of $162.71 and a 200 day moving average price of $150.23. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99.

Zscaler (NASDAQ:ZS) last posted its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.10. The company had revenue of $898.19 million for 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 business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. Analysts expect that Zscaler, Inc. will post 0.19 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on ZS. Piper Sandler upped their target price on shares of Zscaler from $160.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. JPMorgan Chase & Co. lifted their price target on shares of Zscaler from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 26th. Canaccord Genuity Group reissued a “buy” rating and set a $210.00 price target on shares of Zscaler in a research note on Friday, September 4th. Morgan Stanley increased their price objective on shares of Zscaler from $145.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, September 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Zscaler in a research note on Wednesday, September 2nd. Thirty-four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $216.65.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Strong fourth-quarter performance: Zscaler reported fiscal Q4 revenue of approximately $898.2 million, up 25% year over year and above expectations. Annual recurring revenue reached $3.771 billion, also up 25%, while adjusted EPS exceeded consensus estimates. Zscaler Q4 2026 Earnings Call Transcript
• Positive Sentiment: AI security product launch: Zscaler introduced Agentic SOC, which combines its zero-trust telemetry with specialized AI agents to detect, investigate and respond to threats at machine speed. The platform uses models from OpenAI and Anthropic, strengthening Zscaler’s positioning in automated enterprise security. Zscaler launches Agentic SOC
• Positive Sentiment: Customer adoption indicators remain favorable: Z-Flex generated more than $1.7 billion in fiscal 2026 total contract value and helped lift customer ARR nearly 30%, suggesting flexible contracting may broaden adoption of Zscaler’s platform. Zscaler Z-Flex analysis
• Neutral Sentiment: Industry AI-security enthusiasm: Cloudflare’s separate OpenAI security partnership sparked broad interest in AI-related cybersecurity stocks, providing a favorable backdrop for Zscaler even though the partnership does not directly involve Zscaler. Cloudflare OpenAI security partnership
• Negative Sentiment: Growth and profitability concerns: Analysts have pointed to decelerating revenue and ARR growth, increased capital spending and weaker cash-flow margins. A planned workforce reduction may improve efficiency but also signals that management is taking steps to control costs amid a more challenging growth outlook. Zscaler stock outlook analysis

Zscaler Profile

Zscaler, Inc is a cloud-native cybersecurity company that provides security services designed to help organizations connect users, devices, applications and workloads securely over the internet. Its platform is built around a zero-trust security model, which verifies access based on identity, context and policy rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which secures access to internet and software-as-a-service applications, and Zscaler Private Access, which provides secure, policy-based access to private applications without requiring conventional virtual private networks.