KBC Group NV Cuts Holdings in Zscaler, Inc. $ZS

KBC Group NV trimmed its position in Zscaler, Inc. (NASDAQ:ZS) by 78.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,314 shares of the company’s stock after selling 170,166 shares during the quarter. KBC Group NV’s holdings in Zscaler were worth $14,854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookstone Capital Management bought a new position in Zscaler during the second quarter valued at $283,000. Parisi Gray Wealth Management bought a new stake in shares of Zscaler in the 2nd quarter worth about $801,000. GGM Financials LLC bought a new stake in shares of Zscaler in the 2nd quarter worth about $5,811,000. Howe & Rusling Inc. raised its position in shares of Zscaler by 17.1% during the 1st quarter. Howe & Rusling Inc. now owns 24,672 shares of the company’s stock valued at $4,895,000 after buying an additional 3,611 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of Zscaler by 2.5% in the 1st quarter. Focus Partners Wealth now owns 62,083 shares of the company’s stock valued at $12,319,000 after acquiring an additional 1,517 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ZS. JMP Securities reissued a “market outperform” rating and set a $355.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. KeyCorp lifted their target price on Zscaler from $345.00 to $350.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. Royal Bank Of Canada boosted their target price on Zscaler from $350.00 to $366.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley raised their price target on Zscaler from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Wall Street Zen cut shares of Zscaler from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $312.39.

Insider Activity at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $804,205.50. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Geller sold 10,464 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $284.25, for a total transaction of $2,974,392.00. Following the transaction, the insider directly owned 43,478 shares in the company, valued at approximately $12,358,621.50. This trade represents a 19.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 43,084 shares of company stock valued at $12,446,825 in the last quarter. Corporate insiders own 18.10% of the company’s stock.

Zscaler Stock Performance

Shares of Zscaler stock opened at $308.60 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. The stock’s fifty day moving average is $304.82 and its two-hundred day moving average is $287.36. Zscaler, Inc. has a 52 week low of $164.78 and a 52 week high of $336.99. The company has a market capitalization of $48.85 billion, a PE ratio of -1,142.96 and a beta of 1.06.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share 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 the consensus estimate of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period last year, the company earned $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. As a group, analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current year.

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.