The Manufacturers Life Insurance Company Takes $969,000 Position in Zscaler, Inc. $ZS

The Manufacturers Life Insurance Company acquired a new position in Zscaler, Inc. (NASDAQ:ZS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,862 shares of the company’s stock, valued at approximately $969,000.

Several other large investors have also made changes to their positions in ZS. Binnacle Investments Inc acquired a new stake in Zscaler in the 3rd quarter valued at approximately $25,000. AlphaCentric Advisors LLC acquired a new position in shares of Zscaler during the fourth quarter worth approximately $29,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Zscaler during the fourth quarter worth approximately $30,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Zscaler in the fourth quarter valued at approximately $32,000. Finally, Strive Financial Group LLC bought a new stake in shares of Zscaler in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Performance

ZS opened at $169.80 on Friday. The stock’s 50 day simple moving average is $161.26 and its 200-day simple moving average is $150.53. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. The stock has a market cap of $27.46 billion, a PE ratio of -435.38, a P/E/G ratio of 99.94 and a beta of 0.95. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.09 by $0.10. Zscaler had a positive return on equity of 1.29% and a negative net margin of 1.88%.The firm had revenue of $898.19 million during the quarter, compared to analysts’ expectations of $876.96 million. During the same period last year, the business earned $0.89 earnings per share. Zscaler’s quarterly revenue was up 24.9% compared to the same quarter last year. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. Sell-side analysts forecast that Zscaler, Inc. will post 0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. UBS Group dropped their target price on shares of Zscaler from $260.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Roth Capital reissued a “neutral” rating and issued a $170.00 price target on shares of Zscaler in a report on Saturday. The Goldman Sachs Group reissued a “neutral” rating and issued a $179.00 price target on shares of Zscaler in a report on Wednesday, May 27th. Stifel Nicolaus raised their price target on shares of Zscaler from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Finally, Evercore set a $155.00 price objective on shares of Zscaler and gave the stock an “in-line” rating in a report on Wednesday, May 27th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Zscaler currently has an average rating of “Moderate Buy” and an average price target of $215.90.

Insider Buying and Selling at Zscaler

In related news, insider Robert Schlossman sold 3,146 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $397,748.78. Following the completion of the transaction, the insider owned 69,366 shares of the company’s stock, valued at $8,769,943.38. This represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jagtar Chaudhry sold 2,878 shares of the firm’s 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 transaction, the chief executive officer owned 343,038 shares of the company’s stock, valued at approximately $43,370,294.34. This represents a 0.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 16,772 shares of company stock valued at $2,139,799 over the last quarter. 17.20% of the stock is currently owned by insiders.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Strong fiscal fourth-quarter results: Zscaler reported adjusted EPS of $1.19 versus the $1.09 consensus and revenue of $898.2 million versus $877.0 million expected. Revenue and annual recurring revenue (ARR) each increased 25% year over year, while non-GAAP operating margin reached a record 24%. Zscaler Announces Strong Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: AI and platform demand remain catalysts: Management highlighted growing demand for Security for AI, Agentic SecOps, non-seat-based products and large enterprise deals. Analysts including Baird, Stephens, Needham, Canaccord and Cantor raised price targets, generally citing the earnings beat and potential for conservative guidance to be exceeded. Zscaler Analysts Boost Their Forecasts After Better-Than-Expected Q4 Earnings
• Neutral Sentiment: Analyst opinion is divided: Some analysts called the fiscal 2027 outlook overly cautious and maintained bullish ratings, while others noted that the forecast reflects competitive pressure, the Red Canary acquisition and a more measured growth profile.
• Negative Sentiment: Fiscal 2027 growth is expected to decelerate: Zscaler guided for revenue growth of 16.6% to 17.5% and ARR growth of 16.6% to 17.4%, well below the 25% growth delivered in fiscal 2026. The slower outlook overshadowed the quarterly beat and renewed valuation concerns for high-growth cybersecurity stocks. Zscaler Fiscal 2027 Growth Forecast
• Negative Sentiment: Free cash flow weakened sharply: Fourth-quarter free cash flow fell 65% year over year to $60.8 million, versus approximately $66.9 million expected, as capital expenditures and internal-use software spending increased. Zscaler also announced a restructuring affecting about 3% of its workforce, adding execution concerns. Zscaler Shares Fall Despite Earnings Beat

Zscaler Company 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.