Mitsubishi UFJ Asset Management Co. Ltd. Trims Position in Zscaler, Inc. $ZS

Mitsubishi UFJ Asset Management Co. Ltd. lowered its position in Zscaler, Inc. (NASDAQ:ZS) by 12.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,852 shares of the company’s stock after selling 19,490 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.09% of Zscaler worth $41,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tradewinds Capital Management LLC grew its stake in shares of Zscaler by 145.7% in the 3rd quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after buying an additional 51 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Zscaler during the 3rd quarter valued at approximately $26,000. McIlrath & Eck LLC acquired a new position in Zscaler in the third quarter valued at approximately $29,000. E Fund Management Hong Kong Co. Ltd. grew its position in Zscaler by 81.9% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 131 shares of the company’s stock worth $39,000 after acquiring an additional 59 shares during the period. Finally, Spire Wealth Management increased its stake in Zscaler by 48.9% during the third quarter. Spire Wealth Management now owns 131 shares of the company’s stock worth $39,000 after acquiring an additional 43 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Q2 results beat: adjusted EPS $1.01 vs. $0.89 est., revenue $815.8M vs. ~$799M est., and ARR grew ~25% year/year — signals demand momentum. GlobeNewswire: Q2 Results
• Positive Sentiment: Management is pitching AI security growth and new initiatives (AI Guard, agentic security, India AI/Cyber center with Airtel) as durable secular drivers that expand TAM beyond seat-based SaaS. CFO Interview Airtel AI Center
• Neutral Sentiment: Management issued updated forward guidance and commentary (Q3 EPS range and FY EPS range were provided), creating mixed signals that markets are parsing. Earnings Highlights
• Neutral Sentiment: Executives (CEO & CFO) gave interviews and the full call transcript is available — useful for investors wanting detail on churn, acquisitions and how AI monetization will scale. Earnings Call Transcript
• Negative Sentiment: Wider GAAP loss and higher spending: the company posted a larger net loss driven by increased sales, marketing and R&D, which pressured investor sentiment. Reuters: Wider Loss
• Negative Sentiment: Mixed/uncertain revenue outlook commentary: some outlets reported the company lowered aspects of its revenue outlook, creating confusion and weighing on the stock despite EPS beats. Benzinga: Revenue Guidance Report
• Negative Sentiment: Broad analyst price‑target cuts today from multiple firms (Canaccord, Morgan Stanley, Oppenheimer, Berenberg, Needham, and others) have amplified selling pressure even as many kept “buy/outperform” stances — the cuts compress perception of near‑term upside. MarketScreener: Analyst Cuts
• Negative Sentiment: Market reaction: investors appear to be focusing on margin/expense trajectory, competitive pressure and near-term revenue clarity rather than the company’s AI growth story — producing the stock decline. Seeking Alpha: Market Reaction

Wall Street Analysts Forecast Growth

ZS has been the topic of several recent analyst reports. Bank of America decreased their price target on Zscaler from $355.00 to $335.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. KeyCorp decreased their target price on shares of Zscaler from $300.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 17th. Citizens Jmp lowered their target price on shares of Zscaler from $355.00 to $290.00 and set a “market outperform” rating for the company in a research note on Friday. HC Wainwright reissued a “buy” rating on shares of Zscaler in a research note on Wednesday, November 26th. Finally, Barclays set a $220.00 price objective on shares of Zscaler in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Zscaler currently has an average rating of “Moderate Buy” and a consensus target price of $274.37.

Insider Activity

In other news, insider Robert Schlossman sold 2,349 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $232.79, for a total value of $546,823.71. Following the sale, the insider directly owned 74,653 shares in the company, valued at approximately $17,378,471.87. This trade represents a 3.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Raj Judge sold 3,438 shares of Zscaler stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total transaction of $793,559.16. Following the sale, the executive vice president directly owned 70,394 shares of the company’s stock, valued at approximately $16,248,343.08. This trade represents a 4.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 19,350 shares of company stock valued at $4,471,509. 17.20% of the stock is owned by corporate insiders.

Zscaler Stock Down 12.2%

Shares of NASDAQ ZS opened at $146.99 on Friday. The stock has a market cap of $23.44 billion, a P/E ratio of -349.98, a PEG ratio of 299.64 and a beta of 1.02. The business’s fifty day simple moving average is $198.92 and its 200-day simple moving average is $255.06. Zscaler, Inc. has a 12-month low of $140.56 and a 12-month high of $336.99. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.86.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. The company had revenue of $815.75 million for the quarter, compared to the consensus estimate of $798.92 million. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.Zscaler’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 EPS. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. As a group, equities analysts predict that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

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.