Chicago Partners Investment Group LLC Boosts Stock Holdings in Zscaler, Inc. $ZS

Chicago Partners Investment Group LLC lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 56.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,619 shares of the company’s stock after acquiring an additional 585 shares during the period. Chicago Partners Investment Group LLC’s holdings in Zscaler were worth $508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. purchased a new position in Zscaler in the 1st quarter worth about $516,622,000. Nuveen LLC purchased a new stake in Zscaler during the first quarter valued at approximately $153,340,000. Goldman Sachs Group Inc. increased its stake in shares of Zscaler by 23.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock worth $604,831,000 after purchasing an additional 578,883 shares in the last quarter. Woodline Partners LP purchased a new stake in Zscaler in the 1st quarter worth approximately $70,340,000. Finally, Vanguard Group Inc. increased its stake in shares of Zscaler by 3.1% in the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock worth $1,962,474,000 after purchasing an additional 294,034 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ZS has been the subject of several research analyst reports. Evercore ISI increased their target price on Zscaler from $290.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 3rd. BMO Capital Markets lifted their price objective 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. Rosenblatt Securities lifted their price target on Zscaler from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Wall Street Zen lowered shares of Zscaler from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, KeyCorp boosted their target price on Zscaler from $345.00 to $350.00 and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $307.86.

Zscaler Price Performance

Shares of ZS stock opened at $307.92 on Thursday. The company has a market cap of $48.74 billion, a P/E ratio of -1,140.44 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 current ratio of 2.01 and a quick ratio of 2.01. The stock’s 50-day moving average is $288.61 and its 200 day moving average is $272.79.

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

Insider Activity at Zscaler

In other Zscaler news, EVP Raj Judge sold 4,524 shares of Zscaler stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the completion of the sale, the executive vice president owned 73,832 shares of the company’s stock, valued at approximately $20,724,642.40. The trade was a 5.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $804,205.50. Following the sale, the chief executive officer owned 350,700 shares of the company’s stock, valued at approximately $98,441,490. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,884 shares of company stock valued at $11,406,825 over the last 90 days. Company insiders own 18.10% of the company’s stock.

About Zscaler

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.