Meiji Yasuda Asset Management Co Ltd. Has $578,000 Stake in Zscaler, Inc. $ZS

Meiji Yasuda Asset Management Co Ltd. trimmed its stake in Zscaler, Inc. (NASDAQ:ZS) by 4.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,911 shares of the company’s stock after selling 150 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Zscaler were worth $578,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Zscaler in the 1st quarter valued at $516,622,000. Nuveen LLC bought a new position in Zscaler during the 1st quarter valued at about $153,340,000. Goldman Sachs Group Inc. lifted its holdings in Zscaler by 23.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock valued at $604,831,000 after purchasing an additional 578,883 shares during the last quarter. Vanguard Group Inc. boosted its position in Zscaler by 3.1% in the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock valued at $1,962,474,000 after buying an additional 294,034 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Zscaler by 148.7% during the first quarter. Assenagon Asset Management S.A. now owns 474,431 shares of the company’s stock worth $94,137,000 after buying an additional 283,637 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Syam Nair sold 4,064 shares of the company’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total transaction of $1,234,236.80. Following the completion of the sale, the insider owned 106,659 shares in the company, valued at approximately $32,392,338.30. The trade was a 3.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Adam Geller sold 3,662 shares of the firm’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $306.72, for a total value of $1,123,208.64. Following the completion of the transaction, the insider owned 46,813 shares in the company, valued at $14,358,483.36. This represents a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,305 shares of company stock valued at $7,093,136 over the last 90 days. Company insiders own 18.10% of the company’s stock.

Zscaler Stock Down 1.2%

ZS stock opened at $278.79 on Thursday. Zscaler, Inc. has a twelve month low of $154.66 and a twelve month high of $318.46. The company has a market cap of $43.41 billion, a P/E ratio of -1,032.56 and a beta of 1.05. The business has a fifty day moving average of $283.54 and a 200-day moving average of $252.42.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. The firm had revenue of $719.23 million during the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative return on equity of 0.49% and a negative net margin of 1.55%.The company’s revenue was up 21.3% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. As a group, equities research analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Zscaler from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. Zacks Research downgraded Zscaler from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 3rd. Bank of America boosted their price objective on Zscaler from $285.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Rosenblatt Securities raised their target price on Zscaler from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Finally, BTIG Research reaffirmed a “buy” rating on shares of Zscaler in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.00.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.