TD Waterhouse Canada Inc. Has $2.76 Million Stock Holdings in Zscaler, Inc. $ZS

TD Waterhouse Canada Inc. decreased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 82.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 18,851 shares of the company’s stock after selling 86,024 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Zscaler were worth $2,762,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Binnacle Investments Inc purchased a new position in Zscaler during the 3rd quarter valued at about $25,000. AlphaCentric Advisors LLC purchased a new stake in shares of Zscaler in the fourth quarter worth approximately $29,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Zscaler during the fourth quarter worth approximately $30,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Zscaler during the fourth quarter worth approximately $32,000. Finally, Strive Financial Group LLC purchased a new position in Zscaler during the fourth quarter valued at approximately $39,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Price Performance

ZS opened at $169.80 on Tuesday. The firm has a market cap of $27.69 billion, a P/E ratio of -435.38, a price-to-earnings-growth ratio of 99.94 and a beta of 0.95. 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 business has a 50 day moving average price of $161.91 and a 200 day moving average price of $150.32. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.10. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The company had revenue of $898.19 million for the quarter, compared to analyst estimates of $876.96 million. During the same quarter last year, the firm posted $0.89 earnings per share. The company’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. Research analysts forecast that Zscaler, Inc. will post 0.13 EPS for the current year.

Insider Activity

In related news, insider Adam Geller sold 2,817 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $122.60, for a total transaction of $345,364.20. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rubin sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $124.22, for a total value of $372,660.00. Following the completion of the sale, the chief financial officer directly owned 41,901 shares in the company, valued at $5,204,942.22. This trade represents a 6.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 16,772 shares of company stock worth $2,139,799 in the last 90 days. Insiders own 17.20% of the company’s stock.

Zscaler News Roundup

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Several firms remain constructive on Zscaler. Rosenblatt Securities, TD Cowen, Cantor Fitzgerald, and Canaccord Genuity reiterated bullish ratings, while Stephens raised its price target to $225. Baird and Needham also forecast meaningful appreciation, supporting the case for upside after the recent selloff. Rosenblatt Securities Reaffirms Buy Rating TD Cowen Reaffirms Buy Rating Stephens Raises Price Target
• Positive Sentiment: A bullish valuation view argues that Zscaler trades at a discount to close cybersecurity peers despite its cloud-security positioning and continued growth. This could attract investors if the company sustains earnings and revenue momentum. Zscaler Valuation Analysis
• Neutral Sentiment: BTIG maintained a Neutral rating, highlighting that analyst opinion remains divided even as most firms are positive. BTIG Maintains Neutral Rating
• Negative Sentiment: Zscaler shares faced pressure after an analyst downgrade, reinforcing concerns about valuation, execution, or near-term growth expectations. Zscaler Shares Gap Down Following Downgrade
• Negative Sentiment: Although Zscaler and Palo Alto Networks both beat earnings estimates, Palo Alto posted faster growth and stronger free cash flow. That comparison gives Palo Alto Networks (NASDAQ: PANW) an edge and may cause investors to question Zscaler’s relative growth and valuation. Palo Alto vs. Zscaler After Earnings

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Zscaler from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday. KeyCorp upped their price target on shares of Zscaler from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Canaccord Genuity Group reiterated a “buy” rating and set a $210.00 price objective on shares of Zscaler in a report on Friday. Guggenheim reiterated a “buy” rating and set a $214.00 price objective on shares of Zscaler in a report on Friday. Finally, Wells Fargo & Company boosted their target price on Zscaler from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday. Thirty-four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.90.

Zscaler Company 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.