Zscaler, Inc. $ZS Shares Bought by ProShare Advisors LLC

Posted by Brenda Bartman on May 20th, 2026

ProShare Advisors LLC raised its holdings in Zscaler, Inc. (NASDAQ:ZS – Free Report) by 46.3% in the fourth quarter, Holdings Channel reports. The fund owned 249,609 shares of the company’s stock after buying an additional 79,008 shares during the period. ProShare Advisors LLC’s holdings in Zscaler were worth $56,142,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Westpac Banking Corp increased its stake in shares of Zscaler by 919.0% in the 3rd quarter. Westpac Banking Corp now owns 9,986 shares of the company’s stock worth $2,992,000 after acquiring an additional 9,006 shares during the last quarter. Korea Investment CORP increased its stake in shares of Zscaler by 24.0% in the 3rd quarter. Korea Investment CORP now owns 98,370 shares of the company’s stock worth $29,478,000 after acquiring an additional 19,026 shares during the last quarter. Vinva Investment Management Ltd increased its stake in shares of Zscaler by 136.1% in the 3rd quarter. Vinva Investment Management Ltd now owns 11,347 shares of the company’s stock worth $3,400,000 after acquiring an additional 6,541 shares during the last quarter. Oxbow Advisors LLC acquired a new stake in shares of Zscaler in the 4th quarter worth $2,939,000. Finally, Handelsbanken Fonder AB increased its stake in shares of Zscaler by 43.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 55,907 shares of the company’s stock worth $16,753,000 after acquiring an additional 16,839 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the subject of a number of recent research reports. Mizuho cut their target price on Zscaler from $265.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. B. Riley Financial upgraded shares of Zscaler from a “neutral” rating to a “buy” rating and cut their price target for the stock from $275.00 to $225.00 in a report on Monday. BMO Capital Markets cut their price target on shares of Zscaler from $315.00 to $210.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Citigroup downgraded shares of Zscaler from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Barclays set a $220.00 price target on shares of Zscaler in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.26.

Read Our Latest Research Report on ZS

Zscaler Stock Up 0.3%

Shares of NASDAQ:ZS opened at $175.25 on Wednesday. The business has a 50-day moving average price of $143.42 and a 200 day moving average price of $197.91. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $28.18 billion, a price-to-earnings ratio of -417.26 and a beta of 0.96. Zscaler, Inc. has a 12-month low of $114.63 and a 12-month high of $336.99.

Zscaler (NASDAQ:ZS – Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The firm had revenue of $815.75 million during the quarter, compared to the consensus estimate of $798.92 million. During the same quarter last year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. Sell-side analysts expect that Zscaler, Inc. will post -0.03 EPS for the current year.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

Positive Sentiment: Zscaler launched Project AI-Guardian, a new initiative with major global system integrators including Cognizant, EY, HCL, Infosys, TCS, and Wipro. The program is aimed at helping enterprises secure AI systems using Zscaler’s Zero Trust and AI security tools, which could expand demand for its platform. Article Title
Positive Sentiment: Analysts remain broadly constructive, with recent reports highlighting Zscaler’s strong Q2 results, raised fiscal 2026 guidance, and growing AI-driven demand. Several firms reiterated buy/outperform-style ratings even after modest price-target adjustments. Article Title
Positive Sentiment: Recent commentary suggests Zscaler’s rally may still have room to run, supported by momentum traders positioning ahead of upcoming company developments and a stronger risk appetite for cybersecurity names. Article Title

Insider Transactions at Zscaler

In related news, CFO Kevin Rubin sold 1,682 shares of Zscaler stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total value of $263,384.38. Following the completion of the sale, the chief financial officer owned 46,479 shares in the company, valued at approximately $7,278,146.61. This trade represents a 3.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James A. Beer sold 177 shares of Zscaler stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $153.53, for a total transaction of $27,174.81. Following the completion of the sale, the director owned 4,384 shares of the company’s stock, valued at $673,075.52. This trade represents a 3.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,130 shares of company stock worth $1,892,487 in the last three months. Company insiders own 17.20% of the company’s stock.

Zscaler Company Profile

(Free Report)

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.