Sumitomo Mitsui Trust Group Inc. Has $33.67 Million Position in Zscaler, Inc. $ZS

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Zscaler, Inc. (NASDAQ:ZS) by 4.4% during the first quarter, HoldingsChannel.com reports. The fund owned 240,018 shares of the company’s stock after selling 10,942 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Zscaler were worth $33,672,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its position in shares of Zscaler by 19.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock worth $285,000 after buying an additional 239 shares during the period. NewEdge Advisors LLC grew its position in Zscaler by 8.2% in the first quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock valued at $972,000 after acquiring an additional 370 shares during the period. Empowered Funds LLC grew its position in Zscaler by 9.2% in the first quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock valued at $558,000 after acquiring an additional 238 shares during the period. Sivia Capital Partners LLC acquired a new position in Zscaler during the second quarter worth $252,000. Finally, Jump Financial LLC acquired a new position in Zscaler during the second quarter worth $3,019,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $363,865.54. Following the completion of the sale, the chief executive officer owned 343,038 shares in the company, valued at $43,370,294.34. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Schlossman sold 3,146 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $397,748.78. Following the transaction, the insider directly owned 69,366 shares in the company, valued at $8,769,943.38. This trade represents a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 15,766 shares of company stock valued at $1,978,587 over the last quarter. Corporate insiders own 17.20% of the company’s stock.

Zscaler Price Performance

Shares of ZS stock opened at $141.82 on Tuesday. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99. The firm’s 50 day moving average is $143.62 and its 200-day moving average is $161.44. The firm has a market capitalization of $22.93 billion, a price-to-earnings ratio of -295.45, a PEG ratio of 79.81 and a beta of 0.96. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72.

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. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The business had revenue of $850.48 million during the quarter, compared to analyst estimates of $835.14 million. During the same quarter last year, the business posted $0.84 earnings per share. Zscaler’s revenue for the quarter was up 25.4% compared to the same quarter last year. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Sell-side analysts forecast that Zscaler, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ZS has been the topic of several recent analyst reports. Mizuho reduced their target price on shares of Zscaler from $210.00 to $185.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. The Goldman Sachs Group reissued a “neutral” rating and set a $179.00 price target on shares of Zscaler in a report on Wednesday, May 27th. Morgan Stanley reduced their price target on shares of Zscaler from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Zscaler in a report on Wednesday, June 10th. Finally, Wolfe Research reissued an “outperform” rating and issued a $150.00 target price on shares of Zscaler in a report on Thursday, June 11th. Thirty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $213.97.

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.