Louisiana State Employees Retirement System Purchases Shares of 10,600 Zscaler, Inc. $ZS

Louisiana State Employees Retirement System acquired a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 10,600 shares of the company’s stock, valued at approximately $1,487,000.

Several other hedge funds have also modified their holdings of the stock. Goldstream Capital Management Ltd grew its holdings in Zscaler by 0.3% in the third quarter. Goldstream Capital Management Ltd now owns 12,450 shares of the company’s stock valued at $3,731,000 after purchasing an additional 34 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its position in Zscaler by 1.4% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,569 shares of the company’s stock valued at $770,000 after acquiring an additional 36 shares during the period. Parallel Advisors LLC increased its stake in Zscaler by 10.9% during the third quarter. Parallel Advisors LLC now owns 397 shares of the company’s stock worth $119,000 after acquiring an additional 39 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Zscaler by 7.5% during the second quarter. Smartleaf Asset Management LLC now owns 648 shares of the company’s stock worth $204,000 after acquiring an additional 45 shares during the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of Zscaler by 3.8% in the 4th quarter. Yousif Capital Management LLC now owns 1,326 shares of the company’s stock worth $274,000 after purchasing an additional 48 shares during the period. 46.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zscaler

In other news, CFO Kevin Rubin sold 3,000 shares of Zscaler stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $124.22, for a total value of $372,660.00. Following the completion of the transaction, the chief financial officer directly owned 41,901 shares of the company’s stock, valued at approximately $5,204,942.22. The trade was a 6.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Geller sold 2,817 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $122.60, for a total transaction of $345,364.20. Following the sale, the insider directly owned 42,314 shares of the company’s stock, valued at approximately $5,187,696.40. This represents a 6.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,644 shares of company stock worth $1,960,287 in the last ninety days. 17.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $220.00 price target on shares of Zscaler in a research report on Wednesday, June 10th. Morgan Stanley lowered their price objective on Zscaler from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 27th. Scotiabank reduced their target price on Zscaler from $190.00 to $175.00 and set a “sector outperform” rating for the company in a research note on Wednesday, May 27th. KeyCorp decreased their price target on shares of Zscaler from $190.00 to $176.00 and set an “overweight” rating for the company in a research report on Thursday, June 25th. Finally, Wolfe Research restated an “outperform” rating and issued a $150.00 price target on shares of Zscaler in a research note on Thursday, June 11th. Thirty-four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $213.97.

Zscaler Trading Up 0.6%

Shares of NASDAQ ZS opened at $147.33 on Friday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $142.17 and its two-hundred day moving average price is $165.64. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99. The stock has a market capitalization of $23.82 billion, a P/E ratio of -306.93, a PEG ratio of 91.57 and a beta of 0.96.

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