Zscaler, Inc. $ZS Stock: Robeco Institutional Asset Management B.V. Reduces Position

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 37.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 118,219 shares of the company’s stock after selling 71,771 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Zscaler were worth $23,575,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in Zscaler during the second quarter worth approximately $1,396,028,000. First Trust Advisors LP increased its stake in Zscaler by 36.2% in the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock valued at $493,635,000 after purchasing an additional 935,781 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in Zscaler by 52.5% in the first quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company’s stock valued at $269,285,000 after purchasing an additional 661,413 shares during the last quarter. Amundi increased its stake in Zscaler by 12.8% in the second quarter. Amundi now owns 1,137,837 shares of the company’s stock valued at $160,606,000 after purchasing an additional 129,563 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Zscaler by 23.5% during the second quarter. Wellington Management Group LLP now owns 1,103,212 shares of the company’s stock worth $155,718,000 after purchasing an additional 209,711 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling at Zscaler

In related news, insider Adam Geller sold 23,958 shares of the stock in a transaction on Friday, October 9th. The shares were sold at an average price of $225.43, for a total transaction of $5,400,851.94. Following the completion of the sale, the insider owned 38,308 shares in the company, valued at $8,635,772.44. This represents a 38.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Schlossman sold 5,394 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $200.00, for a total transaction of $1,078,800.00. Following the transaction, the insider directly owned 61,525 shares in the company, valued at $12,305,000. The trade was a 8.06% 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 quarter, insiders sold 54,053 shares of company stock valued at $11,256,876. Insiders own 17.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Piper Sandler raised their price objective on shares of Zscaler from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Yorkville Ives started coverage on shares of Zscaler in a report on Tuesday, October 6th. They issued an “outperform” rating and a $250.00 target price for the company. Wedbush increased their target price on shares of Zscaler from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, October 7th. Mizuho set a $235.00 target price on shares of Zscaler in a research report on Wednesday, October 7th. Finally, Scotiabank lifted their price target on shares of Zscaler from $240.00 to $255.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, October 7th. Thirty-seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $240.14.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Higher price target: Freedom Broker raised its target on Zscaler from $230 to $270 while maintaining a “Buy” rating, citing continued strength across cybersecurity stocks. Freedom Broker raises Zscaler price target
• Positive Sentiment: Data-security growth: Zscaler’s Data Security annual recurring revenue surpassed $500 million and grew more than 30% year over year. Its security tools reportedly appeared in roughly 70% of “Security for AI” deals, supporting expectations for larger enterprise contracts and expansion within existing customers. Zscaler data security growth
• Positive Sentiment: AI partnership narrative: Zscaler is integrating with NVIDIA’s OpenShell architecture to help enterprises secure autonomous AI agents and sensitive data flows, linking its AI-security strategy to customer spending. NVIDIA and Zscaler AI security partnership
• Positive Sentiment: Investor interest: Hightower’s Stephanie Link reportedly purchased Zscaler shares, providing a favorable signal from an institutional investment manager. Hightower buys Zscaler shares
• Neutral Sentiment: Mixed analyst view: DA Davidson initiated coverage with a “Neutral” rating and a $215 target, below recent trading levels, tempering the more optimistic target increases. DA Davidson initiates Zscaler coverage
• Negative Sentiment: Legal investigation: Pomerantz LLP announced an investigation into potential securities-law violations on behalf of Zscaler investors. The development could increase litigation and disclosure risks, although no wrongdoing has been established. Pomerantz investigation of Zscaler

Zscaler Trading Up 7.3%

ZS opened at $255.15 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. Zscaler, Inc. has a 52 week low of $114.63 and a 52 week high of $336.99. The business’s 50 day moving average is $196.94 and its two-hundred day moving average is $163.22. The firm has a market cap of $41.60 billion, a price-to-earnings ratio of -654.23, a price-to-earnings-growth ratio of 22.85 and a beta of 0.94.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data 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 $898.19 million during the quarter, compared to the consensus estimate of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The company’s revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the company earned $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. On average, research analysts predict that Zscaler, Inc. will post 0.69 EPS for the current year.

About Zscaler

Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which provides secure access to internet and software-as-a-service applications, and Zscaler Private Access, which enables secure access to private applications without extending an organization’s network to users.