Norges Bank Invests $79.76 Million in Zscaler, Inc. $ZS

Norges Bank bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 354,626 shares of the company’s stock, valued at approximately $79,762,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hillsdale Investment Management Inc. bought a new position in Zscaler during the fourth quarter worth $810,000. Fideuram Asset Management Ireland dac bought a new position in Zscaler during the fourth quarter worth $68,000. National Pension Service increased its position in Zscaler by 3.4% during the fourth quarter. National Pension Service now owns 179,825 shares of the company’s stock worth $40,446,000 after acquiring an additional 5,962 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Zscaler by 4.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 210,784 shares of the company’s stock worth $47,410,000 after acquiring an additional 8,301 shares during the period. Finally, Ilmarinen Mutual Pension Insurance Co increased its position in Zscaler by 8.5% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 21,660 shares of the company’s stock worth $4,872,000 after acquiring an additional 1,700 shares during the period. Institutional investors own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In other Zscaler news, insider Robert Schlossman sold 2,263 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total value of $354,363.17. Following the sale, the insider owned 72,390 shares of the company’s stock, valued at $11,335,550.10. The trade was a 3.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam Geller sold 2,094 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $153.53, for a total transaction of $321,491.82. Following the completion of the sale, the insider directly owned 46,949 shares in the company, valued at $7,208,079.97. This trade represents a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 12,130 shares of company stock worth $1,892,487. 17.20% of the stock is currently owned by company insiders.

Zscaler Trading Down 3.3%

Shares of Zscaler stock opened at $130.78 on Friday. The firm has a market capitalization of $21.15 billion, a PE ratio of -272.45 and a beta of 0.97. 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’s fifty day moving average price is $143.61 and its two-hundred day moving average price is $183.43. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.07. The firm had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. On average, analysts expect that Zscaler, Inc. will post -0.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group dropped their target price on shares of Zscaler from $275.00 to $210.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. JPMorgan Chase & Co. dropped their target price on shares of Zscaler from $250.00 to $205.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. HC Wainwright raised shares of Zscaler from a “buy” rating to a “buy” rating in a research report on Monday, May 18th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $179.00 target price on shares of Zscaler in a research report on Wednesday, May 27th. Finally, B. Riley Financial dropped their target price on shares of Zscaler from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Thirty-three 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $216.03.

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.