DNB Asset Management AS Trims Holdings in Zscaler, Inc. $ZS

DNB Asset Management AS cut its holdings in Zscaler, Inc. (NASDAQ:ZS) by 37.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 20,638 shares of the company’s stock after selling 12,581 shares during the quarter. DNB Asset Management AS’s holdings in Zscaler were worth $4,642,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZS. Groupama Asset Managment boosted its holdings in shares of Zscaler by 76,352.6% during the 3rd 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 holdings in shares of Zscaler by 61.8% during the 3rd 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 holdings in shares of Zscaler by 6.1% during the 3rd 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. purchased a new stake in shares of Zscaler during the 3rd quarter valued at about $109,440,000. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Zscaler during the 3rd quarter valued at about $88,387,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Price Performance

NASDAQ ZS opened at $175.25 on Wednesday. Zscaler, Inc. has a 12 month low of $114.63 and a 12 month high of $336.99. The stock has a market cap of $28.18 billion, a price-to-earnings ratio of -417.26 and a beta of 0.96. The company’s 50 day moving average is $143.42 and its two-hundred day moving average is $197.91. 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 released its earnings results on Thursday, February 26th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The company had revenue of $815.75 million for the quarter, compared to analysts’ expectations of $798.92 million. During the same quarter last year, the business earned $0.78 EPS. The firm’s revenue was up 25.9% compared to the same quarter last year. 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 earnings per share for the current year.

Insider Activity at Zscaler

In other Zscaler news, insider Robert Schlossman sold 2,263 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total transaction of $354,363.17. Following the sale, the insider owned 72,390 shares in the company, valued at approximately $11,335,550.10. This trade represents a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James A. Beer sold 177 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total transaction of $27,174.81. Following the sale, the director owned 4,384 shares in the company, valued at approximately $673,075.52. The trade was a 3.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,130 shares of company stock worth $1,892,487 in the last 90 days. Insiders own 17.20% of the company’s stock.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler launched Project AI-Guardian, a new initiative with major global system integrators including Cognizant, EY, HCL, Infosys, TCS, and Wipro. The program is aimed at helping enterprises secure AI systems using Zscaler’s Zero Trust and AI security tools, which could expand demand for its platform. Article Title
• Positive Sentiment: Analysts remain broadly constructive, with recent reports highlighting Zscaler’s strong Q2 results, raised fiscal 2026 guidance, and growing AI-driven demand. Several firms reiterated buy/outperform-style ratings even after modest price-target adjustments. Article Title
• Positive Sentiment: Recent commentary suggests Zscaler’s rally may still have room to run, supported by momentum traders positioning ahead of upcoming company developments and a stronger risk appetite for cybersecurity names. Article Title

Analyst Ratings Changes

A number of analysts have recently issued reports on ZS shares. Wells Fargo & Company raised shares of Zscaler from an “overweight” rating to an “overweight” rating in a report on Monday. B. Riley Financial raised shares of Zscaler from a “neutral” rating to a “buy” rating and dropped their price target for the company from $275.00 to $225.00 in a report on Monday. The Goldman Sachs Group dropped their price target on shares of Zscaler from $290.00 to $257.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Rosenblatt Securities dropped their price target on shares of Zscaler from $250.00 to $223.00 and set a “buy” rating on the stock in a report on Monday. Finally, Mizuho dropped their price target on shares of Zscaler from $265.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and an average price target of $261.26.

Zscaler Company 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.