Aberdeen Group plc Buys 3,842 Shares of Zscaler, Inc. $ZS

Aberdeen Group plc increased its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 6.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 61,673 shares of the company’s stock after acquiring an additional 3,842 shares during the period. Aberdeen Group plc’s holdings in Zscaler were worth $19,362,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Lmcg Investments LLC raised its holdings in Zscaler by 2.8% during the second quarter. Lmcg Investments LLC now owns 19,728 shares of the company’s stock worth $6,193,000 after acquiring an additional 544 shares in the last quarter. Blue Trust Inc. raised its holdings in Zscaler by 2,115.1% during the second quarter. Blue Trust Inc. now owns 1,174 shares of the company’s stock worth $369,000 after acquiring an additional 1,121 shares in the last quarter. Shikiar Asset Management Inc. raised its stake in Zscaler by 204.4% in the second quarter. Shikiar Asset Management Inc. now owns 21,965 shares of the company’s stock valued at $6,896,000 after buying an additional 14,750 shares during the period. Mengis Capital Management Inc. bought a new stake in Zscaler in the second quarter valued at approximately $211,000. Finally, Stonebridge Financial Group LLC raised its stake in Zscaler by 19,200.0% in the second quarter. Stonebridge Financial Group LLC now owns 772 shares of the company’s stock valued at $242,000 after buying an additional 768 shares during the period. Institutional investors own 46.45% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Zacks Research upgraded Zscaler from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. KeyCorp upped their price objective on Zscaler from $345.00 to $350.00 and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. Needham & Company LLC restated a “buy” rating and issued a $350.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. Morgan Stanley upgraded Zscaler from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $280.00 to $320.00 in a research note on Tuesday, September 2nd. Finally, Wedbush restated an “outperform” rating and issued a $330.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and an average price target of $307.43.

Insider Buying and Selling

In related news, insider Robert Schlossman sold 7,006 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the sale, the insider owned 76,132 shares of the company’s stock, valued at $23,263,655.24. This represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Adam Geller sold 10,464 shares of the stock in a transaction that occurred 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 directly owned 43,478 shares in the company, valued at $12,358,621.50. This represents a 19.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,884 shares of company stock worth $11,406,825. 18.10% of the stock is owned by corporate insiders.

Zscaler Price Performance

Zscaler stock opened at $313.04 on Tuesday. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $319.89. The stock’s 50 day moving average is $284.81 and its 200-day moving average is $268.53. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $49.55 billion, a price-to-earnings ratio of -1,159.41 and a beta of 1.06.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.80 by $0.09. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The company had revenue of $719.23 million for the quarter, compared to the consensus estimate of $707.15 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Equities research analysts expect that Zscaler, Inc. will post -0.1 EPS for the current year.

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.