Zscaler, Inc. $ZS Shares Newly Purchased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,203 shares of the company’s stock, valued at approximately $439,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Zscaler in the second quarter valued at approximately $1,396,028,000. First Trust Advisors LP lifted its stake in Zscaler by 36.2% during the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock worth $493,635,000 after purchasing an additional 935,781 shares during the last quarter. Amundi boosted its holdings in shares of Zscaler by 12.8% in the 2nd quarter. Amundi now owns 1,137,837 shares of the company’s stock worth $160,606,000 after purchasing an additional 129,563 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Zscaler by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 1,103,212 shares of the company’s stock worth $155,718,000 after purchasing an additional 209,711 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Zscaler by 44.3% in the 1st quarter. Bank of America Corp DE now owns 779,245 shares of the company’s stock worth $109,320,000 after purchasing an additional 239,326 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Performance

NASDAQ:ZS opened at $237.83 on Monday. The firm has a market capitalization of $38.78 billion, a P/E ratio of -609.82, a P/E/G ratio of 22.61 and a beta of 0.94. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average of $204.19 and a 200 day moving average of $167.61. 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 Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.10. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The business had revenue of $898.19 million for the quarter, compared to analyst estimates of $876.96 million. During the same quarter last year, the firm earned $0.89 EPS. The company’s revenue was up 24.9% on a year-over-year basis. 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, research analysts predict that Zscaler, Inc. will post 0.70 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Stifel Nicolaus increased their price objective on Zscaler from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. Truist Financial restated a “buy” rating and issued a $250.00 target price (up from $200.00) on shares of Zscaler in a research report on Wednesday, October 7th. Piper Sandler increased their target price on shares of Zscaler from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, September 4th. KeyCorp lifted their target price on shares of Zscaler from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Finally, Sanford C. Bernstein boosted their price target on shares of Zscaler from $224.00 to $298.00 and gave the stock an “outperform” rating in a research note on Thursday, September 17th. Thirty-six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.65.

Insiders Place Their Bets

In related news, CFO Kevin Rubin sold 514 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $259.15, for a total transaction of $133,203.10. Following the completion of the transaction, the chief financial officer owned 62,113 shares in the company, valued at $16,096,583.95. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Geller sold 1,042 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $235.95, for a total value of $245,859.90. Following the transaction, the insider 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 54,064 shares of company stock valued at $11,316,078 over the last three months. Company insiders own 17.20% of the company’s stock.

Zscaler Company Profile

Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.

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