Robeco Institutional Asset Management B.V. Cuts Holdings in Zscaler, Inc. $ZS

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 36.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 249,036 shares of the company’s stock after selling 139,866 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Zscaler were worth $56,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Zscaler by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 11,367,903 shares of the company’s stock worth $3,406,506,000 after buying an additional 652,771 shares in the last quarter. Groupama Asset Managment grew its stake in shares of Zscaler by 76,352.6% during the 3rd quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock worth $1,423,385,000 after purchasing an additional 4,743,787 shares during the period. State Street Corp increased its holdings in shares of Zscaler by 4.5% in the 3rd quarter. State Street Corp now owns 2,259,804 shares of the company’s stock valued at $677,173,000 after purchasing an additional 97,366 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Zscaler by 9.5% in the third quarter. First Trust Advisors LP now owns 2,228,134 shares of the company’s stock valued at $667,682,000 after purchasing an additional 193,281 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Zscaler by 61.8% in the third quarter. AQR Capital Management LLC now owns 1,941,571 shares of the company’s stock valued at $576,083,000 after purchasing an additional 741,756 shares during the period. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Trading Up 3.9%

Shares of Zscaler stock opened at $122.64 on Tuesday. Zscaler, Inc. has a 12-month low of $114.63 and a 12-month high of $336.99. 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 stock has a market cap of $19.72 billion, a PE ratio of -292.01 and a beta of 1.12. The company has a 50-day moving average of $154.08 and a two-hundred day moving average of $225.82.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $815.75 million during the quarter, compared to analysts’ expectations of $798.92 million. During the same period last year, the company posted $0.78 earnings per share. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. On average, research analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insider Buying and Selling at Zscaler

In other news, insider Robert Schlossman sold 2,263 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total transaction of $354,363.17. Following the completion of the transaction, the insider directly owned 72,390 shares of the company’s stock, valued at $11,335,550.10. This trade represents a 3.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevin Rubin sold 1,682 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $263,384.38. Following the transaction, the chief financial officer directly owned 46,479 shares of the company’s stock, valued at approximately $7,278,146.61. This trade represents a 3.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 12,130 shares of company stock worth $1,892,487. 17.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Needham & Company LLC decreased their price objective on shares of Zscaler from $310.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Cantor Fitzgerald dropped their target price on shares of Zscaler from $365.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th. Canaccord Genuity Group dropped their target price on shares of Zscaler from $340.00 to $275.00 and set a “buy” rating for the company in a report on Friday, February 27th. The Goldman Sachs Group dropped their target price on shares of Zscaler from $290.00 to $257.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $280.00 target price on shares of Zscaler in a report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $267.86.

Zscaler Company Profile

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.