TD Asset Management Inc Sells 16,583 Shares of Zscaler, Inc. $ZS

TD Asset Management Inc trimmed its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 255,200 shares of the company’s stock after selling 16,583 shares during the period. TD Asset Management Inc owned 0.16% of Zscaler worth $76,473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ZS. Integrated Wealth Concepts LLC increased its stake in shares of Zscaler by 19.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock worth $285,000 after purchasing an additional 239 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Zscaler by 8.2% in the 1st quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock valued at $972,000 after purchasing an additional 370 shares during the last quarter. Empowered Funds LLC grew its holdings in Zscaler by 9.2% during the first quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock worth $558,000 after purchasing an additional 238 shares during the period. Sivia Capital Partners LLC bought a new position in Zscaler during the second quarter worth about $252,000. Finally, Wealthfront Advisers LLC increased its position in Zscaler by 1.8% during the second quarter. Wealthfront Advisers LLC now owns 6,788 shares of the company’s stock worth $2,131,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Beat on earnings and revenue: Zscaler reported $1.01 GAAP-adjusted EPS and $815.8M revenue, both above consensus, showing 26% revenue growth year-over-year. Zscaler (ZS) Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Strong ARR and cash flow: ARR rose ~25% to $3.36B and operating/free cash flow improved, and the company raised ARR guidance to ~24%, supporting longer-term subscription growth expectations. Zscaler Announces Strong Second-Quarter Fiscal 2026 Results; Raises Fiscal 2026 ARR Guidance to 24%
• Positive Sentiment: Raised profitability guidance: Zscaler issued Q3 and FY‑2026 EPS targets that were above street EPS expectations, indicating management expects improving adjusted profitability. Press Release / Earnings Presentation
• Neutral Sentiment: AI/security momentum: Analysts and commentary highlighted rapid growth in Zscaler’s AI Security initiatives (a new revenue pillar), which could offset SaaS-seat risks over time but remains early-stage for valuation proof. Zscaler’s AI-Powered Security: A Compelling Case For Aggressive Growth Investors
• Negative Sentiment: Wider net loss on higher spending: The company reported a larger GAAP net loss driven by increased sales, marketing and R&D investment in a competitive market — a key reason for the post‑close share decline. Zscaler posts wider quarterly loss on higher spending; shares down 9%
• Negative Sentiment: Lowered revenue outlook / guidance confusion: Some reports and analyst takes flagged a reduced FY revenue outlook or more cautious revenue commentary, which compounded investor concern despite EPS beats. ZScaler Stock Drops After Q2 Earnings, Lowered Revenue Guidance
• Negative Sentiment: Analyst pushback and downgrades: Following the print, several firms issued cautious takes or price-target cuts, increasing near-term selling pressure. Zscaler (NASDAQ:ZS) Shares Down 8.6% Following Analyst Downgrade

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ZS shares. Citizens Jmp reaffirmed a “market outperform” rating and issued a $355.00 price objective on shares of Zscaler in a research report on Wednesday, November 26th. Sanford C. Bernstein upgraded Zscaler from a “market perform” rating to an “outperform” rating and set a $228.00 price target on the stock in a research note on Friday, February 13th. Stifel Nicolaus cut their price target on Zscaler from $330.00 to $320.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Piper Sandler reduced their price objective on shares of Zscaler from $280.00 to $260.00 and set a “neutral” rating for the company in a research report on Monday, January 5th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $280.00 price objective on shares of Zscaler in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $293.84.

Zscaler Stock Up 7.5%

ZS stock opened at $167.36 on Friday. Zscaler, Inc. has a fifty-two week low of $141.56 and a fifty-two week 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 stock has a market capitalization of $26.69 billion, a price-to-earnings ratio of -643.67, a PEG ratio of 317.40 and a beta of 1.02. The business’s fifty day moving average price is $200.63 and its two-hundred day moving average price is $256.06.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share (EPS) 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 company had revenue of $788.11 million during the quarter, compared to analysts’ expectations of $773.86 million. During the same quarter in the previous year, the business posted $0.77 earnings per share. Zscaler’s quarterly revenue was up 25.5% on a year-over-year basis. On average, equities analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insiders Place Their Bets

In other Zscaler news, EVP Raj Judge sold 3,438 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 $793,559.16. Following the completion of the sale, the executive vice president owned 70,394 shares of the company’s stock, valued at $16,248,343.08. The trade was a 4.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James A. Beer sold 653 shares of the firm’s stock in a transaction that occurred on 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 directly owned 3,485 shares in the company, valued at $790,119.20. This represents a 15.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 19,350 shares of company stock worth $4,471,509. 17.20% of the stock is currently owned by insiders.

About Zscaler

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.