Harbour Investments Inc. Boosts Position in Zscaler, Inc. $ZS

Harbour Investments Inc. grew its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 25.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,602 shares of the company’s stock after buying an additional 324 shares during the quarter. Harbour Investments Inc.’s holdings in Zscaler were worth $503,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Zscaler by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock valued at $1,962,474,000 after acquiring an additional 294,034 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Zscaler by 23.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock valued at $604,831,000 after purchasing an additional 578,883 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in shares of Zscaler during the first quarter worth about $516,622,000. AQR Capital Management LLC lifted its stake in shares of Zscaler by 23.6% during the first quarter. AQR Capital Management LLC now owns 1,191,930 shares of the company’s stock worth $234,715,000 after purchasing an additional 227,899 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Zscaler in the first quarter worth about $153,340,000. 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 2,865 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $804,205.50. Following the completion of the sale, the chief executive officer directly owned 350,700 shares in the company, valued at approximately $98,441,490. The trade was a 0.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Raj Judge sold 4,524 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $1,269,886.80. Following the sale, the executive vice president directly owned 73,832 shares in the company, valued at approximately $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,884 shares of company stock worth $11,406,825 in the last quarter. Insiders own 18.10% of the company’s stock.

Zscaler Trading Up 0.3%

NASDAQ ZS opened at $300.25 on Monday. The company has a market capitalization of $47.53 billion, a price-to-earnings ratio of -1,112.04 and a beta of 1.06. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $319.89. The company’s fifty day moving average price is $286.62 and its two-hundred day moving average price is $271.36.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.09. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The company had revenue of $719.23 million during the quarter, compared to the consensus estimate of $707.15 million. During the same quarter in the previous year, the firm earned $0.88 EPS. The company’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. As a group, research analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on ZS. B. Riley assumed coverage on Zscaler in a report on Tuesday, August 26th. They set a “neutral” rating and a $275.00 target price on the stock. Morgan Stanley upgraded shares of Zscaler from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $280.00 to $320.00 in a research note on Tuesday, September 2nd. Evercore ISI upped their target price on shares of Zscaler from $290.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. BMO Capital Markets lifted their price target on shares of Zscaler from $295.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 3rd. Finally, Barclays boosted their price objective on shares of Zscaler from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $307.43.

Zscaler Profile

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.