MinichMacGregor Wealth Management LLC Buys New Shares in Zscaler, Inc. $ZS

MinichMacGregor Wealth Management LLC acquired a new position in Zscaler, Inc. (NASDAQ:ZS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 33,076 shares of the company’s stock, valued at approximately $6,596,000.

A number of other large investors also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Zscaler during the 2nd quarter worth approximately $1,396,028,000. First Trust Advisors LP raised 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 buying an additional 935,781 shares during the period. Pictet Asset Management Holding SA raised its stake in Zscaler by 52.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company’s stock valued at $269,285,000 after acquiring an additional 661,413 shares during the period. Amundi lifted its holdings in Zscaler by 12.8% during the 2nd 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 position in shares of Zscaler by 23.5% in the second quarter. Wellington Management Group LLP now owns 1,103,212 shares of the company’s stock valued at $155,718,000 after purchasing an additional 209,711 shares during the period. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Zscaler Trading Down 2.3%

Shares of ZS stock traded down $5.17 during trading hours on Wednesday, hitting $223.49. 1,381,381 shares of the company’s stock traded hands, compared to its average volume of 3,356,630. The stock has a market cap of $36.44 billion, a PE ratio of -572.43, a price-to-earnings-growth ratio of 21.70 and a beta of 0.94. Zscaler, Inc. has a 12 month low of $114.63 and a 12 month high of $336.99. The stock’s 50 day simple moving average is $188.89 and its 200 day simple moving average is $158.50. 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 (NASDAQ:ZS) last issued its quarterly earnings results 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 company had revenue of $898.19 million during the quarter, compared to analysts’ expectations of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The business’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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, sell-side analysts anticipate that Zscaler, Inc. will post 0.69 EPS for the current year.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Investor Day reinforced the long-term growth story: Zscaler reaffirmed its fiscal 2027 guidance and presented a potential path toward approximately $8 billion in annual recurring revenue, with additional upside from AI-driven security demand. Several Wall Street firms subsequently raised their price targets, including Baird, Citizens JMP and TD Cowen. Zscaler gains as investor-day outlook and analyst target hikes support shares
• Positive Sentiment: AI products and international expansion could broaden growth: Analysts point to usage-based offerings, cross-selling opportunities and increasing non-seat-based contract value as potential catalysts. A partner also plans to deploy Zscaler zero-trust solutions across Malaysia’s public sector and government-linked companies. LinkAxia Networks to Deliver Zscaler Zero Trust Security Solutions
• Neutral Sentiment: Investor attention is high, but opinions are mixed: ZS has been heavily searched by investors, while analysts debate whether its sharp three-month rebound is supported by fundamentals. The average analyst view remains positive, but some recent valuation analyses recommend holding after the re-rating. Zscaler: The Best Value in Cybersecurity Already Got Its Re-Rating
• Negative Sentiment: Near-term growth and valuation are the main pressure points: Fiscal 2027 guidance implies a meaningful slowdown from recent revenue growth, while analysts say weak net-new ARR guidance limits upside until management demonstrates acceleration. Seat-based pricing exposure and competitive risks from companies such as CrowdStrike and Palo Alto Networks also remain concerns.
• Negative Sentiment: Insider selling and legal scrutiny weigh on sentiment: Chief Product Officer Adam Geller sold 23,958 shares for approximately $5.4 million and another 1,042 shares for about $246,000 under a pre-arranged Rule 10b5-1 plan. Separately, Pomerantz LLP announced an investigation into potential investor claims; the announcement does not establish wrongdoing. Pomerantz investor alert

Insiders Place Their Bets

In related news, insider Adam Geller sold 1,042 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $235.95, for a total transaction of $245,859.90. Following the transaction, the insider directly owned 38,308 shares of the company’s stock, valued at approximately $9,038,772.60. This represents a 2.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 company’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $200.00, for a total value 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 54,053 shares of company stock worth $11,256,876. Company insiders own 17.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ZS. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $236.00 price objective on shares of Zscaler in a report on Wednesday, October 7th. Cantor Fitzgerald upped their target price on Zscaler from $225.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Wedbush boosted their price target on Zscaler from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, October 7th. JPMorgan Chase & Co. lifted their price objective on shares of Zscaler from $215.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Finally, KeyCorp lifted their price target on Zscaler from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Thirty-five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $239.41.

Zscaler Profile

Zscaler, Inc is a cloud-based cybersecurity company that provides security services designed to help organizations connect users, applications, devices and workloads securely. Its platform is built around a zero-trust security model, which verifies access based on identity, context and policy rather than relying primarily on traditional network perimeters.

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