Jupiter Topco LLC Invests $1.50 Million in Zscaler, Inc. $ZS

Posted by Brenda Bartman on Sep 5th, 2026

Jupiter Topco LLC acquired a new stake in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 10,616 shares of the company’s stock, valued at approximately $1,498,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its holdings in shares of Zscaler by 19.9% in the first quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock worth $285,000 after buying an additional 239 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Zscaler by 8.2% during the first 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 holdings in shares of Zscaler by 9.2% during the first 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 shares of Zscaler in the 2nd quarter valued at $252,000. Finally, Jump Financial LLC purchased a new position in Zscaler in the 2nd quarter worth $3,019,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Stock Down 4.5%

ZS stock opened at $169.80 on Friday. The firm has a market cap of $27.46 billion, a PE ratio of -435.38, a P/E/G ratio of 104.65 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. The firm’s fifty day moving average is $161.26 and its 200 day moving average is $150.53. Zscaler, Inc. has a one year low of $114.63 and a one year high of $336.99.

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

Insider Activity at Zscaler

In other news, insider Robert Schlossman sold 3,146 shares of the business’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 $397,748.78. Following the completion of the sale, the insider owned 69,366 shares of the company’s stock, valued at $8,769,943.38. The trade was a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jagtar Chaudhry sold 2,878 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $363,865.54. Following the transaction, the chief executive officer owned 343,038 shares of the company’s stock, valued at approximately $43,370,294.34. This trade represents a 0.83% 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. Insiders have sold 16,772 shares of company stock worth $2,139,799 in the last ninety days. 17.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ZS. Stifel Nicolaus boosted their price target on Zscaler from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. UBS Group reduced their price objective on Zscaler from $260.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Citigroup reaffirmed a “market outperform” rating on shares of Zscaler in a report on Wednesday, May 27th. B. Riley Financial dropped their target price on Zscaler from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $150.00 price objective on shares of Zscaler in a research note on Thursday, June 11th. Thirty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $217.08.

Read Our Latest Research Report on Zscaler

Key Headlines Impacting 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

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.