Northwestern Mutual Wealth Management Co. Boosts Stake in Zscaler, Inc. $ZS

Northwestern Mutual Wealth Management Co. increased its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 56.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 24,432 shares of the company’s stock after buying an additional 8,853 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Zscaler were worth $3,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Kentucky Retirement Systems Insurance Trust Fund raised its stake in Zscaler by 1.4% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,569 shares of the company’s stock worth $770,000 after acquiring an additional 36 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Zscaler by 10.9% in the third quarter. Parallel Advisors LLC now owns 397 shares of the company’s stock valued at $119,000 after purchasing an additional 39 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Zscaler by 7.5% in the second quarter. Smartleaf Asset Management LLC now owns 648 shares of the company’s stock valued at $204,000 after purchasing an additional 45 shares during the period. Larson Financial Group LLC raised its stake in shares of Zscaler by 2.6% in the third quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock worth $611,000 after purchasing an additional 52 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Zscaler by 6.1% in the third quarter. Crossmark Global Holdings Inc. now owns 976 shares of the company’s stock worth $292,000 after purchasing an additional 56 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ZS shares. Evercore set a $155.00 target price on Zscaler and gave the company an “in-line” rating in a research report on Wednesday, May 27th. Jefferies Financial Group reissued a “buy” rating and set a $220.00 price target on shares of Zscaler in a research report on Wednesday. Berenberg Bank set a $200.00 price objective on shares of Zscaler in a report on Thursday, May 28th. Needham & Company LLC reiterated a “buy” rating and issued a $180.00 price objective on shares of Zscaler in a research note on Wednesday, June 10th. Finally, Weiss Ratings upgraded shares of Zscaler from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 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 company. Based on data from MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and a consensus target price of $213.10.

Zscaler Price Performance

Shares of NASDAQ ZS opened at $177.80 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a fifty day moving average of $160.51 and a 200 day moving average of $150.39. The firm has a market cap of $28.75 billion, a PE ratio of -370.41, a PEG ratio of 101.67 and a beta of 0.95. Zscaler, Inc. has a one year low of $114.63 and a one year high of $336.99.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.10. The business had revenue of $898.18 million for the quarter, compared to the consensus estimate of $876.96 million. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The business’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 earnings per share. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. As a group, research analysts predict that Zscaler, Inc. will post 0.13 EPS for the current fiscal year.

Zscaler News Roundup

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler reported fourth-quarter revenue of $898.2 million, up 24.9% year over year and above the $877.0 million analyst consensus. Adjusted earnings of $1.19 per share also surpassed expectations of $1.09 and increased from $0.89 a year earlier. Zscaler Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Annual recurring revenue rose 25% to $3.77 billion, while net new ARR reached $246 million. Management highlighted record large-deal activity, stronger sales productivity and growing contributions from non-seat-based products. Zscaler Reports Strong Q4 and Fiscal 2026 Results
• Positive Sentiment: Fiscal 2027 first-quarter guidance calls for revenue of $935 million to $939 million and adjusted EPS of $1.15 to $1.16, ahead of consensus estimates of $925.5 million and $0.86, respectively. Full-year adjusted EPS guidance of $4.86 to $4.90 also exceeded the $3.70 consensus. Zscaler Stock Soars on Earnings Beat and Upbeat Guidance
• Positive Sentiment: Non-GAAP operating margin reached a record 24%, and management said its agentic security offering is gaining momentum as customers seek protection for AI agents and models. Zscaler Q4 2026 Earnings Call Transcript

Insider Buying and Selling

In related news, CEO Jagtar Chaudhry sold 2,878 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $363,865.54. Following the completion of the sale, the chief executive officer directly owned 343,038 shares in the company, valued at approximately $43,370,294.34. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 Zscaler 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 transaction, the insider directly owned 42,314 shares in the company, valued at $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. Over the last three months, insiders sold 16,772 shares of company stock worth $2,139,799. 17.20% of the stock is currently owned by corporate 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.