31,929 Shares in Zscaler, Inc. $ZS Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund purchased a new stake in Zscaler, Inc. (NASDAQ:ZS) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 31,929 shares of the company’s stock, valued at approximately $10,024,000.

Several other institutional investors also recently bought and sold shares of ZS. Stratos Wealth Partners LTD. acquired a new stake in shares of Zscaler in the first quarter worth approximately $455,000. Allworth Financial LP lifted its holdings in Zscaler by 47.4% in the 1st quarter. Allworth Financial LP now owns 1,002 shares of the company’s stock valued at $211,000 after purchasing an additional 322 shares in the last quarter. Cerity Partners LLC lifted its holdings in Zscaler by 0.3% in the 1st quarter. Cerity Partners LLC now owns 22,928 shares of the company’s stock valued at $4,549,000 after purchasing an additional 68 shares in the last quarter. Xponance Inc. boosted its stake in Zscaler by 5.7% during the 1st quarter. Xponance Inc. now owns 18,097 shares of the company’s stock worth $3,591,000 after purchasing an additional 970 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of Zscaler by 4.7% during the first quarter. Ballentine Partners LLC now owns 2,066 shares of the company’s stock worth $410,000 after buying an additional 92 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zscaler

In other Zscaler news, insider Robert Schlossman sold 7,006 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the sale, the insider directly owned 76,132 shares in the company, valued at $23,263,655.24. This represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $804,205.50. Following the sale, the chief executive officer directly owned 350,700 shares in the company, valued at $98,441,490. This represents a 0.81% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 43,084 shares of company stock valued at $12,446,825. 18.10% of the stock is owned by insiders.

Zscaler Stock Up 2.8%

Zscaler stock opened at $328.90 on Tuesday. The company has a market capitalization of $52.06 billion, a PE ratio of -1,218.15 and a beta of 1.06. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $336.99. The firm has a 50 day moving average price of $301.95 and a 200 day moving average price of $286.19.

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

Analyst Upgrades and Downgrades

ZS has been the topic of several research reports. BMO Capital Markets raised their price target on shares of Zscaler from $295.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 3rd. Bank of America increased their price objective on shares of Zscaler from $340.00 to $355.00 and gave the company a “buy” rating in a report on Monday, October 20th. Barclays raised their target price on shares of Zscaler from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 3rd. Robert W. Baird upped their price target on Zscaler from $330.00 to $345.00 and gave the company an “outperform” rating in a research report on Wednesday, September 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 price target on shares of Zscaler in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $310.69.

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.