Zscaler, Inc. $ZS Shares Purchased by Panagora Asset Management Inc.

Posted by George Bondi on Jun 16th, 2026

Panagora Asset Management Inc. increased its stake in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) by 3.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 184,741 shares of the company’s stock after purchasing an additional 6,027 shares during the quarter. Panagora Asset Management Inc.’s holdings in Zscaler were worth $41,552,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZS. Integrated Wealth Concepts LLC raised its stake in Zscaler by 19.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock worth $285,000 after acquiring an additional 239 shares in the last quarter. NewEdge Advisors LLC raised its stake in Zscaler by 8.2% during the 1st quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock worth $972,000 after acquiring an additional 370 shares in the last quarter. Empowered Funds LLC raised its stake in Zscaler by 9.2% during the 1st quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock worth $558,000 after acquiring an additional 238 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Zscaler during the 2nd quarter worth $252,000. Finally, Jump Financial LLC acquired a new stake in Zscaler during the 2nd quarter worth $3,019,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $179.00 price target on shares of Zscaler in a research note on Wednesday, May 27th. Scotiabank cut their price target on shares of Zscaler from $190.00 to $175.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, May 27th. BMO Capital Markets cut their price target on shares of Zscaler from $210.00 to $178.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Oppenheimer cut their price target on shares of Zscaler from $280.00 to $250.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 10th. Finally, Barclays cut their price target on shares of Zscaler from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. Thirty-four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $214.33.

Read Our Latest Stock Analysis on Zscaler

Insiders Place Their Bets

In other Zscaler news, insider Adam Geller sold 2,094 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $153.53, for a total value of $321,491.82. Following the transaction, the insider directly owned 46,949 shares of the company’s stock, valued at approximately $7,208,079.97. The trade was a 4.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James A. Beer sold 177 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total transaction of $27,174.81. Following the transaction, the director owned 4,384 shares of the company’s stock, valued at approximately $673,075.52. The trade was a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 17.20% of the company’s stock.

Zscaler Stock Up 0.7%

Zscaler stock opened at $130.42 on Tuesday. The stock has a 50 day moving average of $142.38 and a two-hundred day moving average of $175.99. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99. The stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of -271.70, a PEG ratio of 80.98 and a beta of 0.97. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72.

Zscaler (NASDAQ:ZS – Get Free Report) last released its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The business had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. As a group, research analysts expect that Zscaler, Inc. will post 0.11 earnings per share for the current year.

About Zscaler

(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.