Nykredit A S Invests $7.15 Million in Zscaler, Inc. $ZS

Posted by Brian Himes on Sep 6th, 2026

Nykredit A S bought a new stake in Zscaler, Inc. (NASDAQ:ZS – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 50,643 shares of the company’s stock, valued at approximately $7,148,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. 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 valued at $285,000 after acquiring an additional 239 shares during the last quarter. NewEdge Advisors LLC grew its position in Zscaler by 8.2% in the 1st quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock valued at $972,000 after buying an additional 370 shares during the last quarter. Empowered Funds LLC grew its position in Zscaler by 9.2% in the 1st quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock valued at $558,000 after buying an additional 238 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Zscaler in the 2nd quarter valued at $252,000. Finally, Jump Financial LLC acquired a new position in Zscaler in the 2nd quarter valued at $3,019,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Trending Headlines about Zscaler

Here are the key news stories impacting Zscaler this week:

Positive Sentiment: Strong fiscal fourth-quarter results: Zscaler reported adjusted EPS of $1.19 versus the $1.09 consensus and revenue of $898.2 million versus $877.0 million expected. Revenue and annual recurring revenue (ARR) each increased 25% year over year, while non-GAAP operating margin reached a record 24%. Zscaler Announces Strong Fourth Quarter and Fiscal 2026 Financial Results
Positive Sentiment: AI and platform demand remain catalysts: Management highlighted growing demand for Security for AI, Agentic SecOps, non-seat-based products and large enterprise deals. Analysts including Baird, Stephens, Needham, Canaccord and Cantor raised price targets, generally citing the earnings beat and potential for conservative guidance to be exceeded. Zscaler Analysts Boost Their Forecasts After Better-Than-Expected Q4 Earnings
Neutral Sentiment: Analyst opinion is divided: Some analysts called the fiscal 2027 outlook overly cautious and maintained bullish ratings, while others noted that the forecast reflects competitive pressure, the Red Canary acquisition and a more measured growth profile.
Negative Sentiment: Fiscal 2027 growth is expected to decelerate: Zscaler guided for revenue growth of 16.6% to 17.5% and ARR growth of 16.6% to 17.4%, well below the 25% growth delivered in fiscal 2026. The slower outlook overshadowed the quarterly beat and renewed valuation concerns for high-growth cybersecurity stocks. Zscaler Fiscal 2027 Growth Forecast
Negative Sentiment: Free cash flow weakened sharply: Fourth-quarter free cash flow fell 65% year over year to $60.8 million, versus approximately $66.9 million expected, as capital expenditures and internal-use software spending increased. Zscaler also announced a restructuring affecting about 3% of its workforce, adding execution concerns. Zscaler Shares Fall Despite Earnings Beat

Zscaler Price Performance

Shares of NASDAQ ZS opened at $169.80 on Friday. The firm has a market capitalization of $27.46 billion, a P/E ratio of -435.38, a PEG ratio of 99.94 and a beta of 0.95. Zscaler, Inc. has a one year low of $114.63 and a one year high of $336.99. The company’s fifty day moving average is $161.26 and its two-hundred day moving average is $150.53. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86.

Zscaler (NASDAQ:ZS – Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.10. The business had revenue of $898.19 million during the quarter, compared to the consensus estimate of $876.96 million. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.29%. The business’s revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. Analysts forecast that Zscaler, Inc. will post 0.13 EPS for the current fiscal year.

Analyst Ratings Changes

ZS has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Zscaler in a research note on Friday. The Goldman Sachs Group reissued a “neutral” rating and set a $179.00 price target on shares of Zscaler in a report on Wednesday, May 27th. Roth Capital restated a “neutral” rating and issued a $170.00 price objective on shares of Zscaler in a research report on Saturday. BTIG Research restated a “neutral” rating on shares of Zscaler in a research report on Friday. Finally, Stifel Nicolaus lifted their price objective on Zscaler from $175.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $215.90.

View Our Latest Stock Report on ZS

Insider Activity at Zscaler

In other news, CFO Kevin Rubin sold 3,000 shares of Zscaler stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $124.22, for a total transaction of $372,660.00. Following the completion of the sale, the chief financial officer directly owned 41,901 shares in the company, valued at approximately $5,204,942.22. This trade represents a 6.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Geller sold 2,817 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $122.60, for a total value of $345,364.20. Following the sale, the insider directly owned 42,314 shares in the company, valued at $5,187,696.40. This trade represents a 6.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 16,772 shares of company stock valued at $2,139,799. 17.20% of the stock is owned by corporate insiders.

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.