Brighton Jones LLC raised its stake in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) by 114.9% in the 3rd quarter, Holdings Channel reports. The firm owned 11,136 shares of the company’s stock after acquiring an additional 5,955 shares during the period. Brighton Jones LLC’s holdings in Zscaler were worth $2,221,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in ZS. BlackRock Inc. bought a new stake in Zscaler in the 2nd quarter worth approximately $1,396,028,000. First Trust Advisors LP boosted its position in shares of Zscaler by 36.2% during the 1st quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock valued at $493,635,000 after acquiring an additional 935,781 shares during the last quarter. Amundi boosted its position in shares of Zscaler by 12.8% during the 2nd quarter. Amundi now owns 1,137,837 shares of the company’s stock valued at $160,606,000 after acquiring an additional 129,563 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Zscaler by 23.5% during the 2nd quarter. Wellington Management Group LLP now owns 1,103,212 shares of the company’s stock valued at $155,718,000 after acquiring an additional 209,711 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Zscaler by 23,646.1% in the third quarter. International Assets Investment Management LLC now owns 606,000 shares of the company’s stock valued at $120,849,000 after purchasing an additional 603,448 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.
Zscaler Price Performance
Shares of Zscaler stock opened at $199.04 on Tuesday. The stock has a market cap of $32.45 billion, a price-to-earnings ratio of -510.36, a price-to-earnings-growth ratio of 21.34 and a beta of 0.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a 50 day moving average price of $208.31 and a 200-day moving average price of $167.63. Zscaler, Inc. has a one year low of $114.63 and a one year high of $333.90.
Zscaler (NASDAQ:ZS – Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.10. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The firm had revenue of $898.19 million for the quarter, compared to the consensus estimate of $876.96 million. During the same quarter in the previous year, the company posted $0.89 EPS. The company’s revenue for the quarter 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. Equities analysts expect that Zscaler, Inc. will post 0.70 EPS for the current year.
Insider Activity
In other Zscaler news, CEO Jagtar Chaudhry sold 2,852 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $192.76, for a total transaction of $549,751.52. Following the transaction, the chief executive officer owned 340,186 shares in the company, valued at $65,574,253.36. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Rubin sold 5,957 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $192.76, for a total transaction of $1,148,271.32. Following the transaction, the chief financial officer owned 43,287 shares in the company, valued at $8,344,002.12. This trade represents a 12.10% 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 sold 55,105 shares of company stock valued at $11,563,836 over the last ninety days. 17.20% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several equities research analysts recently weighed in on ZS shares. Guggenheim boosted their price target on shares of Zscaler from $214.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. Rosenblatt Securities set a $250.00 price target on shares of Zscaler in a research note on Wednesday, October 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a $236.00 price objective on shares of Zscaler in a research report on Wednesday, October 7th. Stephens lifted their price objective on shares of Zscaler from $225.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Finally, KeyCorp boosted their target price on shares of Zscaler from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, August 21st. Thirty-six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $236.65.
Check Out Our Latest Report on ZS
Zscaler Company Profile
Zscaler, Inc is a cloud security company that provides services designed to help organizations protect users, applications, and data. Its platform, the Zscaler Zero Trust Exchange, connects users and devices to applications while applying security controls, rather than relying on traditional network boundaries.
The company’s offerings include Zscaler Internet Access for securing internet and software-as-a-service traffic, and Zscaler Private Access for providing secure access to private applications.
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