Flputnam Investment Management Co. Acquires New Position in Zscaler, Inc. $ZS

Posted by George Bondi on Aug 17th, 2026

Flputnam Investment Management Co. acquired a new stake in Zscaler, Inc. (NASDAQ:ZS – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 44,152 shares of the company’s stock, valued at approximately $6,232,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its position in Zscaler by 89.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 60,933 shares of the company’s stock worth $8,601,000 after purchasing an additional 28,792 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Zscaler by 6.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 193,297 shares of the company’s stock worth $27,284,000 after purchasing an additional 11,941 shares in the last quarter. Oxbow Advisors LLC purchased a new stake in shares of Zscaler during the 4th quarter worth about $2,939,000. Qsemble Capital Management LP lifted its holdings in shares of Zscaler by 105.5% during the 4th quarter. Qsemble Capital Management LP now owns 15,773 shares of the company’s stock valued at $3,548,000 after buying an additional 8,099 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Zscaler by 44.3% during the 1st quarter. Bank of America Corp DE now owns 779,245 shares of the company’s stock valued at $109,320,000 after buying an additional 239,326 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ZS shares. Berenberg Bank set a $200.00 price objective on Zscaler in a report on Thursday, May 28th. Zacks Research upgraded shares of Zscaler from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. Wells Fargo & Company reduced their target price on shares of Zscaler from $210.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, May 28th. Wedbush reissued an “outperform” rating and issued a $220.00 target price on shares of Zscaler in a research report on Wednesday, June 10th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Zscaler in a research note on Tuesday, June 9th. Thirty-four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $214.21.

Check Out Our Latest Report on Zscaler

Zscaler Stock Performance

Shares of ZS stock opened at $183.60 on Monday. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99. The firm’s fifty day simple moving average is $145.58 and its 200 day simple moving average is $151.06. The firm has a market capitalization of $29.69 billion, a P/E ratio of -382.49, a price-to-earnings-growth ratio of 66.08 and a beta of 0.94. 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 EPS for the quarter, beating the consensus estimate of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The firm had revenue of $850.48 million during the quarter, compared to analysts’ expectations of $835.14 million. During the same period in the prior year, the company earned $0.84 EPS. The business’s quarterly revenue 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, sell-side analysts predict that Zscaler, Inc. will post 0.12 EPS for the current year.

Insider Activity at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $363,865.54. Following the completion of the transaction, the chief executive officer owned 343,038 shares of the company’s stock, valued at approximately $43,370,294.34. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 2,817 shares of the stock in a transaction dated Monday, June 22nd. The shares were 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 approximately $5,187,696.40. The trade was a 6.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 16,269 shares of company stock worth $2,052,589. 17.20% of the stock is owned by company insiders.

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.