Handelsbanken Fonder AB Acquires 28,792 Shares of Zscaler, Inc. $ZS

Handelsbanken Fonder AB boosted its holdings in Zscaler, Inc. (NASDAQ:ZS) by 89.6% in the second quarter, Holdings Channel reports. The institutional investor owned 60,933 shares of the company’s stock after acquiring an additional 28,792 shares during the quarter. Handelsbanken Fonder AB’s holdings in Zscaler were worth $8,601,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Binnacle Investments Inc bought a new position in shares of Zscaler in the third quarter worth $25,000. AlphaCentric Advisors LLC bought a new position in Zscaler in the 4th quarter worth about $29,000. University of Texas Texas AM Investment Management Co. bought a new position in Zscaler in the 4th quarter worth about $30,000. Mcguire Capital Advisors Inc. purchased a new position in Zscaler during the 4th quarter valued at about $32,000. Finally, Western Wealth Management LLC bought a new stake in shares of Zscaler during the first quarter valued at about $33,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Analyst Ratings Changes

ZS has been the subject of a number of analyst reports. Zacks Research upgraded shares of Zscaler from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Stephens reaffirmed an “overweight” rating and set a $200.00 target price on shares of Zscaler in a report on Friday, June 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $225.00 target price on shares of Zscaler in a research note on Wednesday, June 10th. Citizens Jmp cut their price target on shares of Zscaler from $290.00 to $210.00 and set a “market outperform” rating for the company in a report on Friday, May 1st. Finally, TD Cowen restated a “buy” rating on shares of Zscaler in a research report on Wednesday, May 27th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $214.21.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 3,146 shares of the company’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 $397,748.78. Following the completion of the sale, the insider directly owned 69,366 shares in the company, valued at $8,769,943.38. This represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $122.60, for a total value 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. In the last ninety days, insiders have sold 16,269 shares of company stock valued at $2,052,589. Corporate insiders own 17.20% of the company’s stock.

Zscaler Stock Performance

Shares of NASDAQ ZS opened at $188.18 on Friday. The stock has a market cap of $30.43 billion, a price-to-earnings ratio of -392.03, a P/E/G ratio of 63.82 and a beta of 0.94. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99. The stock’s 50-day moving average is $144.52 and its 200 day moving average is $151.28.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.07. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The business had revenue of $850.48 million during the quarter, compared to analyst estimates of $835.14 million. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Zscaler’s revenue for the quarter was up 25.4% on a year-over-year basis. 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, sell-side analysts anticipate that Zscaler, Inc. will post 0.12 EPS for the current fiscal year.

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.