Healthcare of Ontario Pension Plan Trust Fund Buys 134,082 Shares of Zscaler, Inc. $ZS

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 299.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,836 shares of the company’s stock after acquiring an additional 134,082 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Zscaler were worth $40,224,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Westpac Banking Corp grew its position in Zscaler by 919.0% in the third 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 position in Zscaler by 24.0% in the third quarter. Korea Investment CORP now owns 98,370 shares of the company’s stock valued at $29,478,000 after purchasing an additional 19,026 shares in the last quarter. Qsemble Capital Management LP grew its position in Zscaler by 105.5% in the fourth quarter. Qsemble Capital Management LP now owns 15,773 shares of the company’s stock valued at $3,548,000 after purchasing an additional 8,099 shares in the last quarter. Oxbow Advisors LLC bought a new position in Zscaler in the fourth quarter valued at $2,939,000. Finally, Vinva Investment Management Ltd grew its position in Zscaler by 136.1% in the third quarter. Vinva Investment Management Ltd now owns 11,347 shares of the company’s stock valued at $3,400,000 after purchasing an additional 6,541 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Trending Headlines about Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Stephens reaffirmed Overweight on Zscaler and set a $200 price target, implying substantial upside from current levels.
• Positive Sentiment: Canaccord Genuity also reiterated Buy and raised its target to $210, signaling continued analyst confidence in Zscaler’s growth outlook.
• Positive Sentiment: Zscaler unveiled new AI-driven security features for its Zero Trust SASE platform, including the ZAgent Framework and other offerings aimed at securing AI agents, endpoints, partners, unmanaged devices, and Kubernetes environments. Zscaler Bets On AI Agent Security And Identity To Revive Growth
• Positive Sentiment: The company also expanded its Zero Trust SASE solution for a world of AI and distributed users, reinforcing its positioning in a fast-growing security niche. Zscaler expands Zero Trust SASE solution for ‘a world of AI with distributed users’
• Neutral Sentiment: Recent media coverage and Zacks commentary show Zscaler remains one of the more closely watched software names, with investors focused on whether AI-related demand can offset slowing growth expectations.
• Neutral Sentiment: Management commentary at recent events emphasized zero trust as a foundation for deploying AI agents, which supports the long-term thesis but does not appear to be an immediate catalyst.
• Negative Sentiment: Zacks noted that Zscaler is trading near a 52-week low after FY27 guidance pointed to slower growth, even though AI security bookings and platform gains may help support the stock.
• Negative Sentiment: The Schall Law Firm announced a fraud investigation into possible false or misleading statements, adding legal and reputational overhang for investors.

Zscaler Stock Performance

Shares of ZS opened at $129.52 on Monday. The firm has a 50-day moving average of $142.55 and a 200-day moving average of $177.12. Zscaler, Inc. has a one year low of $114.63 and a one year high of $336.99. The company has a market cap of $20.94 billion, a PE ratio of -269.83, a price-to-earnings-growth ratio of 80.98 and a beta of 0.97. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The company had revenue of $850.48 million during the quarter, compared to the consensus estimate of $835.14 million. During the same quarter last year, the firm posted $0.84 EPS. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. As a group, equities analysts forecast that Zscaler, Inc. will post 0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ZS. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 target price on shares of Zscaler in a research report on Wednesday, June 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $180.00 target price on shares of Zscaler in a research report on Wednesday, June 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zscaler in a research report on Tuesday, June 9th. Zacks Research raised shares of Zscaler from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Zscaler in a research report on Wednesday, June 10th. Thirty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and a consensus price target of $214.33.

Insider Activity at Zscaler

In other news, insider Adam Geller sold 2,094 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $153.53, for a total transaction of $321,491.82. Following the completion of the sale, the insider owned 46,949 shares in the company, valued at approximately $7,208,079.97. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Raj Judge sold 2,488 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $389,595.92. Following the sale, the executive vice president owned 67,906 shares of the company’s stock, valued at approximately $10,633,400.54. This represents a 3.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,130 shares of company stock worth $1,892,487 in the last quarter. 17.20% of the stock is owned by corporate insiders.

Zscaler Company 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.