Sequoia Financial Advisors LLC grew its position in Zscaler, Inc. (NASDAQ:ZS – Free Report) by 6.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,627 shares of the company’s stock after purchasing an additional 3,439 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Zscaler were worth $17,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Zscaler by 8.3% in the 2nd quarter. Vanguard Group Inc. now owns 10,715,132 shares of the company’s stock worth $3,363,909,000 after buying an additional 824,626 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Zscaler by 6.0% during the second quarter. Geode Capital Management LLC now owns 1,866,329 shares of the company’s stock worth $584,160,000 after purchasing an additional 105,318 shares in the last quarter. AQR Capital Management LLC raised its stake in Zscaler by 0.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,199,815 shares of the company’s stock valued at $371,823,000 after purchasing an additional 7,885 shares during the period. Federated Hermes Inc. raised its stake in Zscaler by 314.0% during the 2nd quarter. Federated Hermes Inc. now owns 1,171,983 shares of the company’s stock valued at $367,932,000 after purchasing an additional 888,888 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Zscaler by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 607,899 shares of the company’s stock worth $190,844,000 after purchasing an additional 11,676 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.
Zscaler News Roundup
Here are the key news stories impacting Zscaler this week:
- Positive Sentiment: KeyCorp reiterated an Overweight view and published detailed FY2026–FY2027 EPS forecasts (Q2–Q4 cadence and FY targets), supporting a higher-valuation thesis and giving investors modeled upside. What is KeyCorp’s Forecast for Zscaler Q1 Earnings?
- Positive Sentiment: Seeking Alpha reports that Zscaler’s growth path is “clearer and stronger”: GTM improvements, platform deals, Z-Flex customer consolidation, and AI & Data Security are now material growth engines (AI security >80% y/y; Data Security ARR ~ $450M) — a narrative that supports re-rating if execution continues. Zscaler: Growth Path Ahead Has Gotten Clearer And Stronger
- Neutral Sentiment: Zacks highlights heightened investor interest in ZS and outlines key facts investors are watching — a sign that stock moves may be driven partly by attention/flows as well as fundamentals. Zscaler, Inc. (ZS) is Attracting Investor Attention: Here is What You Should Know
- Neutral Sentiment: Analysis comparing Zscaler to Netskope frames this as a strategic AI-cybersecurity battle; such comparisons underline competitive risk but also validate market opportunity — important context for investors evaluating relative positioning. Zscaler Vs. Netskope: The Battle For The AI Cybersecurity Edge
- Negative Sentiment: Citigroup trimmed its price target to $305, which could cap near-term upside and introduce headwinds if investors re-price growth expectations versus peers. Citigroup Lowers Zscaler (NASDAQ:ZS) Price Target to $305.00
- Negative Sentiment: A Seeking Alpha piece with a “wouldn’t pull the trigger just yet” stance (despite a rating upgrade) injects caution — flagging valuation, timing, or execution risks that may make some investors hesitant to add here. Zscaler: I Wouldn’t Pull The Trigger Just Yet (Rating Upgrade)
- Negative Sentiment: A Zacks note on a recent intraday dip explains price sensitivity to earnings/guide cadence and broader market moves — a reminder that volatility remains a factor for ZS. Why Zscaler (ZS) Dipped More Than Broader Market Today
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on ZS
Zscaler Stock Performance
ZS opened at $213.98 on Friday. The firm has a fifty day moving average price of $247.65 and a 200 day moving average price of $277.67. Zscaler, Inc. has a 1 year low of $164.78 and a 1 year high of $336.99. The stock has a market cap of $34.12 billion, a P/E ratio of -822.97, a P/E/G ratio of 3,516.94 and a beta of 1.02. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.82 and a quick ratio of 1.82.
Zscaler (NASDAQ:ZS – Get Free Report) last released its quarterly earnings data on Tuesday, November 25th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. The company had revenue of $788.11 million during the quarter, compared to analysts’ expectations of $773.86 million. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 earnings per share. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS and its Q2 2026 guidance at 0.890-0.900 EPS. Equities research analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current year.
Insider Activity at Zscaler
In related news, insider Robert Schlossman sold 3,200 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $325.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider owned 80,086 shares of the company’s stock, valued at approximately $26,027,950. The trade was a 3.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,843 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total transaction of $656,221.26. Following the transaction, the chief executive officer owned 347,857 shares of the company’s stock, valued at $80,292,352.74. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,550 shares of company stock valued at $5,511,509 in the last ninety days. 17.20% of the stock is currently owned by company insiders.
About Zscaler
Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.
Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.
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