Skandinaviska Enskilda Banken AB publ Has $118.27 Million Position in Zscaler, Inc. $ZS

Skandinaviska Enskilda Banken AB publ lessened its stake in Zscaler, Inc. (NASDAQ:ZS) by 6.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 394,665 shares of the company’s stock after selling 26,728 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Zscaler were worth $118,273,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. VestGen Advisors LLC bought a new stake in shares of Zscaler during the second quarter worth $1,592,000. Brookstone Capital Management bought a new stake in shares of Zscaler in the second quarter valued at about $283,000. Mackenzie Financial Corp boosted its position in shares of Zscaler by 133.6% during the second quarter. Mackenzie Financial Corp now owns 14,780 shares of the company’s stock worth $4,640,000 after buying an additional 8,454 shares during the period. Schroder Investment Management Group grew its holdings in shares of Zscaler by 11.5% during the second quarter. Schroder Investment Management Group now owns 164,061 shares of the company’s stock worth $51,505,000 after buying an additional 16,868 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its position in Zscaler by 9.9% in the 2nd quarter. Ensign Peak Advisors Inc now owns 395,391 shares of the company’s stock valued at $124,129,000 after buying an additional 35,770 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Price Performance

ZS stock opened at $177.72 on Tuesday. The company has a market capitalization of $28.34 billion, a P/E ratio of -683.51, a PEG ratio of 362.29 and a beta of 1.02. The company has a fifty day moving average price of $212.56 and a 200-day moving average price of $262.42. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.82 and a current ratio of 1.82. Zscaler, Inc. has a 52-week low of $162.87 and a 52-week high of $336.99.

Zscaler (NASDAQ:ZS) last posted 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 business had revenue of $788.11 million during the quarter, compared to the consensus estimate of $773.86 million. Zscaler had a negative return on equity of 0.12% and a negative net margin of 1.45%.Zscaler’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the business posted $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. As a group, equities analysts expect that Zscaler, Inc. will post -0.1 EPS for the current year.

Insider Buying and Selling

In other news, CFO Kevin Rubin sold 3,303 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total value of $762,398.46. Following the transaction, the chief financial officer owned 48,161 shares in the company, valued at approximately $11,116,522.02. The trade was a 6.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Schlossman sold 3,084 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total transaction of $711,848.88. Following the completion of the sale, the insider directly owned 77,002 shares in the company, valued at approximately $17,773,601.64. This represents a 3.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 19,350 shares of company stock valued at $4,471,509 over the last 90 days. 17.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on ZS. Stifel Nicolaus lowered their price objective on shares of Zscaler from $330.00 to $320.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Citizens Jmp reiterated a “market outperform” rating and issued a $355.00 price target on shares of Zscaler in a research note on Wednesday, November 26th. Wedbush boosted their price objective on shares of Zscaler from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Bank of America reduced their price target on Zscaler from $355.00 to $335.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Finally, Berenberg Bank dropped their price objective on Zscaler from $400.00 to $390.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and an average target price of $315.63.

Zscaler Profile

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.