iA Global Asset Management Inc. Purchases 2,245 Shares of Zscaler, Inc. $ZS

iA Global Asset Management Inc. lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 13.3% in the second quarter, HoldingsChannel reports. The fund owned 19,135 shares of the company’s stock after buying an additional 2,245 shares during the period. iA Global Asset Management Inc.’s holdings in Zscaler were worth $6,007,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Zscaler during the first quarter worth $516,622,000. Nuveen LLC acquired a new stake in shares of Zscaler during the first quarter worth $153,340,000. Goldman Sachs Group Inc. grew 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 period. Woodline Partners LP acquired a new stake in shares of Zscaler during the first quarter worth $70,340,000. Finally, Vanguard Group Inc. grew 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 period. Institutional investors own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In other news, EVP Raj Judge sold 4,524 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the completion of the transaction, the executive vice president directly owned 73,832 shares of the company’s stock, valued at $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Schlossman sold 7,006 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total value of $2,140,823.42. Following the transaction, the insider directly 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 disclosure for this sale is available in the SEC filing. Insiders sold 43,084 shares of company stock valued at $12,446,825 over the last three months. 18.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on ZS. Royal Bank Of Canada lifted their price objective on Zscaler from $335.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Bank of America lifted their price objective on Zscaler from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Barclays boosted their target price on Zscaler from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. Wedbush reissued an “outperform” rating and issued a $330.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. Finally, Guggenheim reissued a “neutral” rating 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, thirty have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $310.14.

Zscaler Stock Up 2.8%

ZS stock opened at $331.14 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market capitalization of $52.42 billion, a P/E ratio of -1,226.44 and a beta of 1.06. The business has a 50-day moving average of $295.75 and a 200-day moving average of $280.89. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $333.27.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.09. The company had revenue of $719.23 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, sell-side analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

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.