Oak Associates Ltd. OH Has $1.22 Million Holdings in Zscaler, Inc. $ZS

Oak Associates Ltd. OH cut its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 52.3% during the 1st quarter, Holdings Channel reports. The firm owned 8,716 shares of the company’s stock after selling 9,572 shares during the period. Oak Associates Ltd. OH’s holdings in Zscaler were worth $1,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZS. Vanguard Group Inc. boosted its stake in shares of Zscaler by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 11,423,424 shares of the company’s stock valued at $2,569,357,000 after buying an additional 55,521 shares during the period. First Trust Advisors LP increased its stake in Zscaler by 36.2% during the 1st quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock worth $493,635,000 after acquiring an additional 935,781 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Zscaler by 43.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company’s stock worth $578,576,000 after acquiring an additional 777,414 shares during the period. State Street Corp raised its holdings in Zscaler by 3.4% in the 4th quarter. State Street Corp now owns 2,337,604 shares of the company’s stock valued at $525,774,000 after acquiring an additional 77,800 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Zscaler by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company’s stock valued at $464,783,000 after acquiring an additional 98,140 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Stifel Nicolaus reduced their target price on Zscaler from $180.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Piper Sandler dropped their price target on Zscaler from $185.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. FBN Securities reiterated an “outperform” rating and set a $175.00 price objective on shares of Zscaler in a research note on Wednesday, May 27th. UBS Group decreased their target price on shares of Zscaler from $260.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Finally, TD Cowen restated a “buy” rating on shares of Zscaler in a research report on Wednesday, May 27th. Thirty-four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $214.21.

Insider Activity at Zscaler

In other Zscaler news, insider Adam Geller sold 2,817 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $122.60, for a total transaction of $345,364.20. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jagtar Singh Chaudhry sold 2,878 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $363,865.54. Following the sale, the chief executive officer directly owned 343,038 shares in the company, valued at approximately $43,370,294.34. The trade was a 0.83% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 15,766 shares of company stock valued at $1,978,587 in the last quarter. 17.20% of the stock is owned by company insiders.

Zscaler Stock Performance

Zscaler stock opened at $139.70 on Friday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. The stock has a market cap of $22.59 billion, a PE ratio of -291.04, a P/E/G ratio of 81.52 and a beta of 0.96. Zscaler, Inc. has a 12-month low of $114.63 and a 12-month high of $336.99. The business’s 50-day moving average price is $143.43 and its two-hundred day moving average price is $156.95.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.84 earnings per share. The business’s revenue for the quarter 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, analysts expect that Zscaler, Inc. will post 0.12 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.