Westpac Banking Corp Sells 11,077 Shares of Zscaler, Inc. $ZS

Westpac Banking Corp cut its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 91.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,060 shares of the company’s stock after selling 11,077 shares during the period. Westpac Banking Corp’s holdings in Zscaler were worth $149,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ZS. Binnacle Investments Inc purchased a new position in shares of Zscaler during the third quarter valued at approximately $25,000. AlphaCentric Advisors LLC purchased a new stake in Zscaler in the fourth quarter worth approximately $29,000. University of Texas Texas AM Investment Management Co. bought a new stake in Zscaler in the 4th quarter worth approximately $30,000. Mcguire Capital Advisors Inc. bought a new stake in Zscaler in the 4th quarter worth approximately $32,000. Finally, Family CFO Inc purchased a new stake in Zscaler during the 4th quarter valued at $34,000. 46.45% of the stock is currently owned by institutional investors.

Zscaler Trading Up 1.9%

Shares of ZS stock opened at $142.32 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $23.01 billion, a price-to-earnings ratio of -296.49, a PEG ratio of 80.06 and a beta of 0.96. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99. The firm has a fifty day moving average price of $143.06 and a 200-day moving average price of $156.85.

Zscaler (NASDAQ:ZS) last announced 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. The company had revenue of $850.48 million for the quarter, compared to analysts’ expectations of $835.14 million. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.Zscaler’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. 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, equities analysts predict that Zscaler, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ZS shares. The Goldman Sachs Group reissued a “neutral” rating and set a $179.00 price target on shares of Zscaler in a report on Wednesday, May 27th. Stephens reissued an “overweight” rating and issued a $200.00 target price on shares of Zscaler in a report on Friday, June 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $225.00 target price on shares of Zscaler in a research report on Wednesday, June 10th. BMO Capital Markets dropped their target price on Zscaler from $210.00 to $178.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Finally, Evercore set a $155.00 price target on Zscaler and gave the company an “in-line” rating in a research note on Wednesday, May 27th. Thirty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $214.21.

Insider Buying and Selling

In other news, insider Robert Schlossman sold 3,146 shares of Zscaler stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $397,748.78. Following the transaction, the insider directly owned 69,366 shares of the company’s stock, valued at $8,769,943.38. The trade was a 4.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 2,817 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $122.60, for a total value of $345,364.20. Following the transaction, the insider owned 42,314 shares of the company’s stock, valued at approximately $5,187,696.40. This trade represents a 6.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 15,766 shares of company stock worth $1,978,587. Corporate insiders own 17.20% of the company’s stock.

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.