Mirae Asset Global Investments Co. Ltd. Raises Stock Holdings in Zscaler, Inc. $ZS

Mirae Asset Global Investments Co. Ltd. raised its position in Zscaler, Inc. (NASDAQ:ZS) by 9.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 53,728 shares of the company’s stock after purchasing an additional 4,496 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Zscaler were worth $16,867,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ZS. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Zscaler during the first quarter worth approximately $516,622,000. Nuveen LLC purchased a new stake in shares of Zscaler during the first quarter worth approximately $153,340,000. Goldman Sachs Group Inc. raised its stake in shares of Zscaler by 23.4% during the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock worth $604,831,000 after purchasing an additional 578,883 shares during the last quarter. Woodline Partners LP purchased a new stake in shares of Zscaler during the first quarter worth approximately $70,340,000. Finally, Vanguard Group Inc. raised its stake in shares of Zscaler by 3.1% during the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock worth $1,962,474,000 after purchasing an additional 294,034 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Down 0.7%

Zscaler stock opened at $305.41 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market capitalization of $48.35 billion, a price-to-earnings ratio of -1,131.15 and a beta of 1.06. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $318.46. The stock’s fifty day moving average is $282.18 and its two-hundred day moving average is $263.97.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.09. The company had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.Zscaler’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior 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. Analysts predict that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on ZS. Stifel Nicolaus upped their price target on Zscaler from $295.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Guggenheim restated a “neutral” rating on shares of Zscaler in a research note on Wednesday, September 3rd. Bank of America increased their price objective on Zscaler from $285.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday, June 9th. Scotiabank cut their price objective on Zscaler from $360.00 to $334.00 and set a “sector outperform” rating for the company in a research report on Wednesday, September 3rd. Finally, Canaccord Genuity Group increased their price objective on Zscaler from $320.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and a consensus price target of $307.43.

Insider Transactions at Zscaler

In other Zscaler news, insider Adam Geller sold 10,464 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $284.25, for a total value of $2,974,392.00. Following the sale, the insider owned 43,478 shares of the company’s stock, valued at approximately $12,358,621.50. This represents a 19.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Schlossman sold 7,006 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total value of $2,140,823.42. Following the completion of the sale, the insider directly owned 76,132 shares in the company, valued at $23,263,655.24. This trade represents a 8.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,884 shares of company stock worth $11,406,825 over the last ninety days. 18.10% of the stock is currently owned by company insiders.

Zscaler Company Profile

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.