Keybank National Association OH Has $38.18 Million Position in Zscaler, Inc. $ZS

Keybank National Association OH cut its holdings in Zscaler, Inc. (NASDAQ:ZS) by 30.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 169,727 shares of the company’s stock after selling 73,230 shares during the quarter. Keybank National Association OH’s holdings in Zscaler were worth $38,175,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZS. Groupama Asset Managment boosted its stake in Zscaler by 76,352.6% in the third quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock valued at $1,423,385,000 after acquiring an additional 4,743,787 shares during the last quarter. AQR Capital Management LLC boosted its stake in Zscaler by 61.8% in the third quarter. AQR Capital Management LLC now owns 1,941,571 shares of the company’s stock valued at $576,083,000 after acquiring an additional 741,756 shares during the last quarter. Vanguard Group Inc. boosted its stake in Zscaler by 6.1% in the third quarter. Vanguard Group Inc. now owns 11,367,903 shares of the company’s stock valued at $3,406,506,000 after acquiring an additional 652,771 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Zscaler in the third quarter valued at approximately $109,440,000. Finally, Danica Pension Livsforsikringsaktieselskab bought a new position in Zscaler in the third quarter valued at approximately $88,387,000. 46.45% of the stock is owned by institutional investors.

Zscaler Trading Up 1.5%

ZS opened at $136.07 on Wednesday. The stock has a market capitalization of $21.88 billion, a P/E ratio of -323.98 and a beta of 1.12. Zscaler, Inc. has a 12 month low of $114.63 and a 12 month high of $336.99. The firm’s fifty day simple moving average is $145.15 and its 200 day simple moving average is $212.67. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.78.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, February 26th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The company had revenue of $815.75 million for the quarter, compared to analyst estimates of $798.92 million. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 earnings per share. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. As a group, research analysts anticipate that Zscaler, Inc. will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ZS. Citizens Jmp reduced their price target on shares of Zscaler from $355.00 to $290.00 and set a “market outperform” rating on the stock in a research report on Friday, February 27th. Zacks Research raised shares of Zscaler from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. KeyCorp reduced their price target on shares of Zscaler from $220.00 to $160.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Royal Bank Of Canada reduced their price target on shares of Zscaler from $250.00 to $205.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Finally, Needham & Company LLC reduced their price target on shares of Zscaler from $310.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and an average target price of $265.74.

Insider Buying and Selling at Zscaler

In related news, EVP Raj Judge sold 2,488 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $389,595.92. Following the completion of the transaction, the executive vice president directly owned 67,906 shares in the company, valued at approximately $10,633,400.54. This trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Schlossman sold 2,263 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total value of $354,363.17. Following the transaction, the insider owned 72,390 shares of the company’s stock, valued at approximately $11,335,550.10. The trade was a 3.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 12,130 shares of company stock valued at $1,892,487 in the last 90 days. 17.20% of the stock is currently owned by corporate insiders.

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.