74,561 Shares in Zscaler, Inc. $ZS Purchased by Jennison Associates LLC

Jennison Associates LLC purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the second quarter, HoldingsChannel reports. The fund purchased 74,561 shares of the company’s stock, valued at approximately $23,408,000.

A number of other hedge funds have also bought and sold shares of ZS. T. Rowe Price Investment Management Inc. bought a new position in Zscaler during the first quarter worth about $516,622,000. Nuveen LLC bought a new position in Zscaler during the first quarter worth about $153,340,000. Goldman Sachs Group Inc. increased its position in Zscaler by 23.4% during the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock worth $604,831,000 after acquiring an additional 578,883 shares during the period. Woodline Partners LP bought a new position in Zscaler during the first quarter worth about $70,340,000. Finally, Vanguard Group Inc. increased its position in Zscaler by 3.1% during the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock worth $1,962,474,000 after acquiring an additional 294,034 shares during the period. 46.45% of the stock is owned by institutional investors.

Insider Activity at Zscaler

In other news, insider Robert Schlossman sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $325.00, for a total value of $1,040,000.00. Following the sale, the insider directly owned 80,086 shares in the company, valued at approximately $26,027,950. This trade represents a 3.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Raj Judge sold 4,524 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the completion of the sale, the executive vice president owned 73,832 shares in the company, valued at approximately $20,724,642.40. The trade was a 5.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 43,084 shares of company stock valued at $12,446,825. 18.10% of the stock is currently owned by company insiders.

Zscaler Trading Up 0.3%

Shares of Zscaler stock opened at $322.04 on Friday. The company has a market capitalization of $50.98 billion, a price-to-earnings ratio of -1,192.74 and a beta of 1.06. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. Zscaler, Inc. has a 12-month low of $164.78 and a 12-month high of $329.30. The firm’s 50-day moving average price is $294.57 and its two-hundred day moving average price is $278.90.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The company had revenue of $719.23 million for the quarter, compared to the consensus estimate of $707.15 million. During the same period last year, the company posted $0.88 EPS. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $355.00 price target on shares of Zscaler in a research report on Wednesday, September 3rd. Morgan Stanley raised shares of Zscaler from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $280.00 to $320.00 in a research report on Tuesday, September 2nd. BTIG Research reiterated a “buy” rating on shares of Zscaler in a research note on Thursday, July 10th. Robert W. Baird increased their price objective on shares of Zscaler from $330.00 to $345.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 3rd. Finally, Susquehanna increased their price objective on shares of Zscaler from $320.00 to $340.00 and gave the stock a “positive” rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and an average price target of $307.86.

Zscaler Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.