Machina Capital S.A.S. Buys 3,748 Shares of Zscaler, Inc. $ZS

Machina Capital S.A.S. raised its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 33.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,971 shares of the company’s stock after acquiring an additional 3,748 shares during the quarter. Machina Capital S.A.S.’s holdings in Zscaler were worth $2,986,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. New York Life Investment Management LLC bought a new stake in Zscaler during the third quarter valued at about $240,000. AlphaCore Capital LLC grew its stake in Zscaler by 162.0% in the third quarter. AlphaCore Capital LLC now owns 4,435 shares of the company’s stock valued at $884,000 after purchasing an additional 2,742 shares during the last quarter. Fulcrum Asset Management LLP grew its stake in Zscaler by 23,272.5% in the third quarter. Fulcrum Asset Management LLP now owns 39,967 shares of the company’s stock valued at $7,928,000 after purchasing an additional 39,796 shares during the last quarter. University of Texas Texas AM Investment Management Co. raised its holdings in Zscaler by 50.0% in the third quarter. University of Texas Texas AM Investment Management Co. now owns 324 shares of the company’s stock worth $65,000 after purchasing an additional 108 shares in the last quarter. Finally, Brighton Jones LLC raised its holdings in Zscaler by 114.9% in the third quarter. Brighton Jones LLC now owns 11,136 shares of the company’s stock worth $2,221,000 after purchasing an additional 5,955 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ZS. TD Cowen increased their price target on shares of Zscaler from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. BMO Capital Markets lifted their price objective on shares of Zscaler from $178.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. KeyCorp lifted their price objective on shares of Zscaler from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Canaccord Genuity Group boosted their price objective on shares of Zscaler from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Finally, Needham & Company LLC increased their target price on shares of Zscaler from $215.00 to $255.00 and gave the company a “buy” rating in a research 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 stock currently has an average rating of “Moderate Buy” and an average target price of $236.65.

Zscaler Stock Down 0.6%

Shares of ZS stock opened at $193.79 on Thursday. The stock’s fifty day moving average price is $208.75 and its 200 day moving average price is $167.48. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $333.90. The company has a market cap of $31.60 billion, a price-to-earnings ratio of -496.90, a price-to-earnings-growth ratio of 18.53 and a beta of 0.82. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 1.70.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.10. The company had revenue of $898.19 million during the quarter, compared to analysts’ expectations of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The firm’s revenue 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. On average, research analysts expect that Zscaler, Inc. will post 0.70 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In other Zscaler news, CEO Jagtar Chaudhry sold 2,852 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $192.76, for a total transaction of $549,751.52. Following the sale, the chief executive officer owned 340,186 shares of the company’s stock, valued at approximately $65,574,253.36. The trade was a 0.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Rubin sold 5,957 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $192.76, for a total transaction of $1,148,271.32. Following the transaction, the chief financial officer owned 43,287 shares in the company, valued at $8,344,002.12. The trade was a 12.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 55,105 shares of company stock valued at $11,563,836. Company insiders own 17.20% of the company’s stock.

Latest Zscaler News

Here’s some of the latest news about ZS:

• Positive Sentiment: Data security and cross-selling could support growth. Zscaler’s Data Security business is gaining traction, with strong annual recurring revenue growth, rising demand for AI security, and opportunities to sell additional products to existing customers. Article: Zscaler’s Cross-Selling Strategy: Can Data Security Lift Revenues?
• Positive Sentiment: AI partnership adds to the growth narrative. Commvault and Zscaler announced a partnership intended to help enterprises govern AI agents and recover from harmful activity. The collaboration could strengthen Zscaler’s positioning as organizations adopt AI, though the articles do not quantify its likely revenue contribution. Article: Commvault Announces Strategic Partnership with Zscaler
• Neutral Sentiment: Competitive comparison offers limited new near-term information. A comparison with Atlassian highlights Zscaler’s zero-trust security position and the shift to cloud-native infrastructure, but provides no specific new financial catalyst. Article: Atlassian vs. Zscaler: Which Technology Stock Is a Better Buy for 2027?

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.