Danica Pension Livsforsikringsaktieselskab Makes New $11.23 Million Investment in Zscaler, Inc. $ZS

Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 79,573 shares of the company’s stock, valued at approximately $11,232,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ZS. Integrated Wealth Concepts LLC increased its stake in Zscaler by 19.9% during the first quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock valued at $285,000 after acquiring an additional 239 shares during the period. NewEdge Advisors LLC lifted its position in shares of Zscaler by 8.2% in the 1st quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock worth $972,000 after acquiring an additional 370 shares during the period. Empowered Funds LLC lifted its position in shares of Zscaler by 9.2% in the 1st quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock worth $558,000 after acquiring an additional 238 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Zscaler during the 2nd quarter worth approximately $252,000. Finally, Jump Financial LLC acquired a new stake in shares of Zscaler during the 2nd quarter worth approximately $3,019,000. Institutional investors own 46.45% of the company’s stock.

Insider Activity

In other news, CFO Kevin Rubin sold 503 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $147.12, for a total value of $74,001.36. Following the sale, the chief financial officer owned 41,398 shares of the company’s stock, valued at approximately $6,090,473.76. This represents a 1.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jagtar Singh Chaudhry sold 2,878 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $363,865.54. Following the sale, the chief executive officer owned 343,038 shares of the company’s stock, valued at $43,370,294.34. This trade represents a 0.83% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 16,269 shares of company stock worth $2,052,589 over the last 90 days. 17.20% of the stock is currently owned by company insiders.

Zscaler News Roundup

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Expanded SMB and mid-market reach: Zscaler and Carahsoft expanded their partnership to deliver Zscaler’s Zero Trust Exchange platform to U.S. small and midsize businesses. Carahsoft’s sales and distribution network could broaden Zscaler’s customer base and create additional growth opportunities beyond large enterprises. Zscaler and Carahsoft Expand Partnership to Deliver Enterprise-Proven Zero Trust Security to SMB and Mid-Market Customers
• Positive Sentiment: Bullish analyst and investor commentary: Several reports point to Wall Street’s Buy-equivalent average recommendation and identify reasons to remain positive on Zscaler, including its cybersecurity positioning and long-term growth potential. However, the reports also caution that analyst optimism may be overly favorable. Is It Worth Investing in Zscaler Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Industry comparison: Qualys’ higher outlook and new AI-powered vulnerability detection tools underscore continued innovation across cybersecurity, while Zscaler’s participation in the CSAI Foundation reflects involvement in AI-related cyber-risk initiatives. The developments may reinforce sector interest but also highlight intense competition. How Investors May Respond to Qualys Raised Outlook and New AI Cyber Risk Tools
• Negative Sentiment: Valuation and competitive risks: One comparison concludes that Okta currently offers steadier growth, a lower valuation, cross-selling potential and exposure to AI-agent opportunities, making it the more attractive cybersecurity investment. This could limit Zscaler’s appeal, particularly while its shares remain valued at a premium and have declined in 2026. Zscaler vs. Okta: Which Cybersecurity Stock Is the Better Buy?

Zscaler Price Performance

Shares of ZS stock opened at $185.70 on Wednesday. The stock’s fifty day simple moving average is $147.88 and its 200 day simple moving average is $150.61. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market cap of $30.03 billion, a price-to-earnings ratio of -386.87, a P/E/G ratio of 66.08 and a beta of 0.94. Zscaler, Inc. has a one year low of $114.63 and a one year high of $336.99.

Zscaler (NASDAQ:ZS) last announced 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 return on equity of 0.37% and a negative net margin of 2.44%.The firm had revenue of $850.48 million for the quarter, compared to analysts’ expectations of $835.14 million. During the same period in the prior year, the business posted $0.84 earnings per share. The business’s revenue 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. On average, analysts expect that Zscaler, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. KeyCorp boosted their price objective on Zscaler from $176.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Wedbush reiterated an “outperform” rating and set a $220.00 price target on shares of Zscaler in a research note on Wednesday, June 10th. FBN Securities reissued an “outperform” rating and issued a $175.00 price target on shares of Zscaler in a report on Wednesday, May 27th. The Goldman Sachs Group restated a “neutral” rating and issued a $179.00 price objective on shares of Zscaler in a research note on Wednesday, May 27th. Finally, Wells Fargo & Company raised their price objective on shares of Zscaler from $180.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday. Thirty-four research 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’s stock. According to data from MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and a consensus price target of $213.44.

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.