Zscaler, Inc. $ZS Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 2.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 590,290 shares of the company’s stock after selling 17,609 shares during the period. Legal & General Group Plc’s holdings in Zscaler were worth $176,886,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ZS. Westpac Banking Corp boosted its position in shares of Zscaler by 919.0% during the 3rd quarter. Westpac Banking Corp now owns 9,986 shares of the company’s stock valued at $2,992,000 after purchasing an additional 9,006 shares in the last quarter. Korea Investment CORP grew its stake in shares of Zscaler by 24.0% in the 3rd quarter. Korea Investment CORP now owns 98,370 shares of the company’s stock worth $29,478,000 after purchasing an additional 19,026 shares during the last quarter. VestGen Advisors LLC bought a new stake in shares of Zscaler in the 2nd quarter worth approximately $1,592,000. Mackenzie Financial Corp lifted its stake in Zscaler by 133.6% during the second quarter. Mackenzie Financial Corp now owns 14,780 shares of the company’s stock valued at $4,640,000 after purchasing an additional 8,454 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in Zscaler by 11.5% during the second quarter. Schroder Investment Management Group now owns 164,061 shares of the company’s stock valued at $51,505,000 after purchasing an additional 16,868 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ZS. Scotiabank decreased their price target on shares of Zscaler from $334.00 to $320.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, November 26th. Wells Fargo & Company assumed coverage on Zscaler in a research report on Tuesday, March 3rd. They set an “overweight” rating and a $200.00 price objective for the company. UBS Group reduced their price objective on Zscaler from $350.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Bank of America decreased their target price on Zscaler from $355.00 to $335.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Finally, Robert W. Baird cut their target price on Zscaler from $360.00 to $300.00 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $267.13.

Insider Buying and Selling at Zscaler

In other news, 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 transaction, the executive vice president owned 70,394 shares in the company, valued at approximately $16,248,343.08. The trade was a 4.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin Rubin sold 3,303 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 value of $762,398.46. Following the transaction, the chief financial officer directly owned 48,161 shares in the company, valued at $11,116,522.02. The trade was a 6.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 19,350 shares of company stock valued at $4,471,509 in the last ninety days. Company insiders own 17.20% of the company’s stock.

Zscaler Stock Down 1.4%

Shares of NASDAQ:ZS opened at $151.61 on Friday. The firm has a 50 day simple moving average of $186.02 and a 200 day simple moving average of $247.85. Zscaler, Inc. has a 52 week low of $140.56 and a 52 week high of $336.99. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $24.38 billion, a PE ratio of -360.98 and a beta of 1.07.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data 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. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The firm had revenue of $815.75 million for the quarter, compared to analysts’ expectations of $798.92 million. During the same period in the previous year, the company posted $0.78 EPS. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. 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, research analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current year.

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.