Maryland State Retirement & Pension System Increases Stake in Zscaler, Inc. $ZS

Maryland State Retirement & Pension System increased its holdings in shares of Zscaler, Inc. (NASDAQ:ZSFree Report) by 9.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,746 shares of the company’s stock after buying an additional 392 shares during the period. Maryland State Retirement & Pension System’s holdings in Zscaler were worth $1,490,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Parisi Gray Wealth Management purchased a new position in Zscaler in the second quarter valued at $801,000. GAMMA Investing LLC raised its position in Zscaler by 43.1% in the 1st quarter. GAMMA Investing LLC now owns 641 shares of the company’s stock valued at $127,000 after purchasing an additional 193 shares in the last quarter. Focus Partners Wealth raised its position in Zscaler by 2.5% in the 1st quarter. Focus Partners Wealth now owns 62,083 shares of the company’s stock valued at $12,319,000 after purchasing an additional 1,517 shares in the last quarter. Howe & Rusling Inc. increased its stake in shares of Zscaler by 17.1% during the first quarter. Howe & Rusling Inc. now owns 24,672 shares of the company’s stock worth $4,895,000 after buying an additional 3,611 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Zscaler by 47.4% during the first quarter. Allworth Financial LP now owns 1,002 shares of the company’s stock worth $211,000 after buying an additional 322 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Performance

Shares of ZS stock opened at $309.88 on Friday. The stock’s 50-day moving average is $284.27 and its two-hundred day moving average is $267.38. The firm has a market cap of $49.05 billion, a price-to-earnings ratio of -1,147.70 and a beta of 1.06. Zscaler, Inc. has a 1 year low of $164.78 and a 1 year high of $319.89. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01.

Zscaler (NASDAQ:ZSGet Free Report) last announced its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The firm had revenue of $719.23 million during the quarter, compared to analysts’ expectations of $707.15 million. During the same period in the prior year, the firm earned $0.88 EPS. The business’s revenue was up 21.3% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on ZS shares. Canaccord Genuity Group boosted their price target on shares of Zscaler from $320.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. Royal Bank Of Canada lifted their price objective on shares of Zscaler from $335.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Wedbush reaffirmed an “outperform” rating and set a $330.00 price objective on shares of Zscaler in a research report on Wednesday, September 3rd. Guggenheim reaffirmed a “neutral” rating on shares of Zscaler in a report on Wednesday, September 3rd. Finally, B. Riley began coverage on Zscaler in a report on Tuesday, August 26th. They set a “neutral” rating and a $275.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $307.43.

Check Out Our Latest Stock Analysis on ZS

Insider Buying and Selling at Zscaler

In other Zscaler news, EVP Raj Judge sold 4,524 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the transaction, the executive vice president directly owned 73,832 shares of the company’s stock, valued at approximately $20,724,642.40. This trade represents a 5.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Adam Geller sold 11,193 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $3,141,875.10. Following the transaction, the insider directly owned 53,942 shares in the company, valued at $15,141,519.40. The trade was a 17.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,884 shares of company stock valued at $11,406,825. Insiders own 18.10% of the company’s stock.

About Zscaler

(Free Report)

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.

Further Reading

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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