Nisa Investment Advisors LLC Grows Stock Holdings in Zscaler, Inc. $ZS

Nisa Investment Advisors LLC increased its holdings in Zscaler, Inc. (NASDAQ:ZS) by 1,526.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,668 shares of the company’s stock after purchasing an additional 8,135 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Zscaler were worth $2,597,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZS. Tradewinds Capital Management LLC raised its position in shares of Zscaler by 145.7% in the third quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after buying an additional 51 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Zscaler during the 3rd quarter worth approximately $29,000. Quaker Wealth Management LLC raised its position in Zscaler by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 194 shares during the period. Exane Asset Management boosted its stake in Zscaler by 185.7% during the second quarter. Exane Asset Management now owns 100 shares of the company’s stock worth $31,000 after buying an additional 65 shares during the period. Finally, Kozak & Associates Inc. acquired a new position in shares of Zscaler in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling at Zscaler

In other news, Director James A. Beer sold 653 shares of Zscaler stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $226.72, for a total transaction of $148,048.16. Following the transaction, the director owned 3,485 shares in the company, valued at $790,119.20. The trade was a 15.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,843 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total value of $656,221.26. Following the completion of the sale, the chief executive officer owned 347,857 shares in the company, valued at approximately $80,292,352.74. This trade represents a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,550 shares of company stock worth $5,511,509 in the last three months. 17.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ZS has been the subject of a number of recent research reports. BTIG Research reiterated a “buy” rating and issued a $365.00 target price on shares of Zscaler in a report on Wednesday, November 26th. Capital One Financial set a $320.00 price objective on Zscaler and gave the company an “overweight” rating in a research note on Wednesday, November 26th. HC Wainwright restated a “buy” rating on shares of Zscaler in a research note on Wednesday, November 26th. Barclays raised their price objective on shares of Zscaler from $320.00 to $350.00 and gave the company an “overweight” rating in a report on Wednesday, November 12th. Finally, Scotiabank lowered their price objective on Zscaler from $334.00 to $320.00 and set a “sector outperform” rating for the company in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $317.63.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Appointment of AI security leader positions Zscaler to monetize AI-era security: Zscaler named Dr. Swamy Kocherlakota EVP of Agentic AI Security Engineering to lead architecture-level defenses for autonomous AI agents, reinforcing Zscaler’s Zero Trust narrative and product differentiation. Zscaler Appoints Dr. Swamy Kocherlakota
• Positive Sentiment: Channel momentum: WEI achieved Zscaler Premier Partner status, which could help accelerate enterprise deployments for Zero Trust and secure AI use cases. That partnership supports sales/renewal growth at the customer-facing level. WEI Achieves Zscaler Premier Partner Status
• Positive Sentiment: Analyst and thematic bullishness / technical rebound signals: Multiple articles profile ZS as a long-term growth story (MSN, Zacks) and MarketBeat flagged ZS as an oversold security with improving momentum after strong revenue and an earnings beat — supportive for momentum investors. Why Zscaler is a top growth stock (MSN) Zacks coverage MarketBeat Oversold Stocks
• Neutral Sentiment: Citigroup trimmed its ZS price target from $350 to $305 but maintained a Buy rating — reduces some upside vs. prior consensus but keeps institutional support. Citigroup target cut (Benzinga)
• Neutral Sentiment: Analyst landscape: Coverage remains overwhelmingly positive (many Buy/Outperform ratings and diverse price targets), but targets vary widely — signaling conviction but also dispersion in near-term valuation expectations. 24 analyst projections (Benzinga)
• Negative Sentiment: Significant insider selling: Quiver/press summaries show repeated insider sales across senior executives (multiple large sales over the past 6 months), which can weigh on sentiment and raise governance/valuation questions for some investors. Quiver summary with insider activity

Zscaler Stock Performance

Shares of NASDAQ ZS opened at $216.85 on Wednesday. Zscaler, Inc. has a one year low of $164.78 and a one year high of $336.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market capitalization of $34.58 billion, a P/E ratio of -834.01, a price-to-earnings-growth ratio of 4,153.86 and a beta of 1.02. The business’s 50-day moving average price is $254.11 and its two-hundred day moving average price is $279.50.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. The firm had revenue of $788.11 million during the quarter, compared to the consensus estimate of $773.86 million. During the same period in the prior year, the firm earned $0.77 EPS. The business’s revenue was up 25.5% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS and its Q2 2026 guidance at 0.890-0.900 EPS. Analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Zscaler 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.