Northwestern Mutual Wealth Management Co. Acquires Shares of 24,432 Zscaler, Inc. $ZS

Posted by Brenda Bartman on Aug 25th, 2026

Northwestern Mutual Wealth Management Co. bought a new stake in Zscaler, Inc. (NASDAQ:ZS – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm bought 24,432 shares of the company’s stock, valued at approximately $3,449,000.

A number of other institutional investors and hedge funds have also modified their holdings of ZS. Quantbot Technologies LP acquired a new position in shares of Zscaler during the 2nd quarter worth about $2,522,000. Westpac Banking Corp acquired a new stake in Zscaler in the 2nd quarter worth about $203,000. Korea Investment CORP acquired a new stake in Zscaler in the 2nd quarter worth about $5,727,000. Rakuten Securities Inc. purchased a new stake in Zscaler during the 2nd quarter worth approximately $334,000. Finally, Green Alpha Advisors LLC acquired a new position in shares of Zscaler during the second quarter valued at approximately $398,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the topic of several research reports. Scotiabank decreased their target price on Zscaler from $190.00 to $175.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, May 27th. UBS Group dropped their price target on Zscaler from $260.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Stephens reissued an “overweight” rating and issued a $200.00 price objective on shares of Zscaler in a research note on Friday, June 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on Zscaler from $185.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 target price on shares of Zscaler in a report on Wednesday, June 10th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and a consensus price target of $215.36.

Check Out Our Latest Report on Zscaler

Insiders Place Their Bets

In other Zscaler news, insider Adam Geller sold 2,817 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $122.60, for a total transaction of $345,364.20. Following the completion of the sale, the insider owned 42,314 shares of the company’s stock, valued at $5,187,696.40. This trade represents a 6.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Schlossman sold 3,146 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $397,748.78. Following the completion of the transaction, the insider directly owned 69,366 shares in the company, valued at approximately $8,769,943.38. This trade represents a 4.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 16,269 shares of company stock valued at $2,052,589. Insiders own 17.20% of the company’s stock.

Zscaler Stock Performance

NASDAQ:ZS opened at $176.06 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market capitalization of $28.47 billion, a price-to-earnings ratio of -366.78, a PEG ratio of 106.97 and a beta of 0.94. The company’s 50-day moving average is $152.01 and its two-hundred day moving average is $150.11. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99.

Zscaler (NASDAQ:ZS – Get Free Report) last posted its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.07. The business had revenue of $850.48 million during the quarter, compared to analysts’ expectations of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 EPS. Analysts forecast that Zscaler, Inc. will post 0.13 EPS for the current year.

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.