Fisher Asset Management LLC Boosts Holdings in Zscaler, Inc. $ZS

Fisher Asset Management LLC grew its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 26.7% in the fourth quarter, Holdings Channel reports. The firm owned 102,968 shares of the company’s stock after purchasing an additional 21,669 shares during the period. Fisher Asset Management LLC’s holdings in Zscaler were worth $23,160,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Binnacle Investments Inc bought a new stake in Zscaler during the third quarter valued at $25,000. Root Financial Partners LLC bought a new position in Zscaler in the 3rd quarter worth about $26,000. Picton Mahoney Asset Management bought a new position in Zscaler in the 3rd quarter worth about $30,000. Family CFO Inc purchased a new stake in shares of Zscaler in the 4th quarter valued at about $34,000. Finally, Missouri Trust & Investment Co boosted its position in shares of Zscaler by 1,460.0% during the 3rd quarter. Missouri Trust & Investment Co now owns 156 shares of the company’s stock valued at $47,000 after acquiring an additional 146 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Zscaler Trading Up 1.2%

Shares of ZS opened at $184.60 on Wednesday. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. The firm has a market cap of $29.68 billion, a price-to-earnings ratio of -439.52 and a beta of 0.96. The firm has a 50 day moving average price of $145.75 and a 200-day moving average price of $192.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90.

Zscaler (NASDAQ:ZS) last issued 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 $835.60 million. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The firm’s revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the company 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 research analysts forecast that Zscaler, Inc. will post -0.03 earnings per share for the current year.

Zscaler News Summary

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler beat fiscal Q3 expectations, reporting adjusted EPS of $1.08 versus $1.00 expected and revenue of $850.5 million versus $835.6 million expected, with revenue up 25.4% year over year. Article Title
• Positive Sentiment: The company also highlighted strong operating performance, including 25% ARR growth to $3.525 billion and improved free cash flow of $136 million, reinforcing its AI-cybersecurity growth story. Article Title
• Neutral Sentiment: Investor sentiment had already been supported by broader optimism around cybersecurity stocks and AI-driven security demand heading into the report. Article Title
• Negative Sentiment: Shares sold off after Zscaler’s Q4 revenue outlook came in slightly below Wall Street expectations, suggesting tougher competition and more cautious enterprise spending on cloud security. Article Title
• Negative Sentiment: Analysts and headlines also pointed to a lower free cash flow outlook and “mixed guidance” as the main reasons the stock gave back gains despite the earnings beat. Article Title

Analyst Ratings Changes

Several research analysts have recently commented on the company. Berenberg Bank cut their price objective on Zscaler from $390.00 to $320.00 and set a “buy” rating for the company in a report on Friday, February 27th. UBS Group reiterated a “buy” rating on shares of Zscaler in a research report on Wednesday, May 20th. Wells Fargo & Company began coverage on shares of Zscaler in a report on Tuesday, March 3rd. They issued an “overweight” rating and a $200.00 price target on the stock. KeyCorp raised their price objective on shares of Zscaler from $160.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Finally, Citigroup downgraded shares of Zscaler from a “buy” rating to a “neutral” rating in a report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.97.

Insider Buying and Selling

In other Zscaler news, insider Adam Geller sold 2,094 shares of the business’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 value of $321,491.82. Following the completion of the sale, the insider owned 46,949 shares in the company, valued at approximately $7,208,079.97. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 completion of the transaction, the director owned 4,384 shares in the company, valued at $673,075.52. This represents a 3.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,130 shares of company stock worth $1,892,487 in the last 90 days. 17.20% of the stock is currently owned by company insiders.

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.