TD Waterhouse Canada Inc. Trims Holdings in Zscaler, Inc. $ZS

TD Waterhouse Canada Inc. lessened its stake in Zscaler, Inc. (NASDAQ:ZS) by 82.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,851 shares of the company’s stock after selling 86,024 shares during the period. TD Waterhouse Canada Inc.’s holdings in Zscaler were worth $2,762,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its holdings in shares of Zscaler by 89.6% during the second quarter. Handelsbanken Fonder AB now owns 60,933 shares of the company’s stock worth $8,601,000 after purchasing an additional 28,792 shares during the period. Assenagon Asset Management S.A. boosted its stake in Zscaler by 6.6% in the second quarter. Assenagon Asset Management S.A. now owns 193,297 shares of the company’s stock valued at $27,284,000 after acquiring an additional 11,941 shares during the period. Qsemble Capital Management LP grew its holdings in shares of Zscaler by 105.5% during the fourth quarter. Qsemble Capital Management LP now owns 15,773 shares of the company’s stock valued at $3,548,000 after purchasing an additional 8,099 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Zscaler by 44.3% in the 1st quarter. Bank of America Corp DE now owns 779,245 shares of the company’s stock worth $109,320,000 after purchasing an additional 239,326 shares during the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab bought a new position in Zscaler during the 2nd quarter worth $11,232,000. 46.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Zscaler

In other Zscaler news, CFO Kevin Rubin sold 503 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $173.38, for a total value of $87,210.14. Following the transaction, the chief financial officer owned 40,895 shares of the company’s stock, valued at approximately $7,090,375.10. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Geller sold 2,817 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $122.60, for a total value of $345,364.20. Following the sale, the insider owned 42,314 shares of the company’s stock, valued at $5,187,696.40. This trade represents a 6.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 16,772 shares of company stock valued at $2,139,799. 17.20% of the stock is currently owned by corporate insiders.

Trending Headlines about Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Several firms remain constructive on Zscaler. Rosenblatt Securities, TD Cowen, Cantor Fitzgerald, and Canaccord Genuity reiterated bullish ratings, while Stephens raised its price target to $225. Baird and Needham also forecast meaningful appreciation, supporting the case for upside after the recent selloff. Rosenblatt Securities Reaffirms Buy Rating TD Cowen Reaffirms Buy Rating Stephens Raises Price Target
• Positive Sentiment: A bullish valuation view argues that Zscaler trades at a discount to close cybersecurity peers despite its cloud-security positioning and continued growth. This could attract investors if the company sustains earnings and revenue momentum. Zscaler Valuation Analysis
• Neutral Sentiment: BTIG maintained a Neutral rating, highlighting that analyst opinion remains divided even as most firms are positive. BTIG Maintains Neutral Rating
• Negative Sentiment: Zscaler shares faced pressure after an analyst downgrade, reinforcing concerns about valuation, execution, or near-term growth expectations. Zscaler Shares Gap Down Following Downgrade
• Negative Sentiment: Although Zscaler and Palo Alto Networks both beat earnings estimates, Palo Alto posted faster growth and stronger free cash flow. That comparison gives Palo Alto Networks (NASDAQ: PANW) an edge and may cause investors to question Zscaler’s relative growth and valuation. Palo Alto vs. Zscaler After Earnings

Zscaler Price Performance

ZS opened at $169.80 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market capitalization of $27.69 billion, a PE ratio of -435.38, a P/E/G ratio of 99.94 and a beta of 0.95. The stock’s fifty day moving average is $161.91 and its 200-day moving average is $150.32. Zscaler, Inc. has a one year low of $114.63 and a one year high of $336.99.

Zscaler (NASDAQ:ZS) last announced its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.10. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%.The business had revenue of $898.19 million during the quarter, compared to analysts’ expectations of $876.96 million. During the same quarter last year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 24.9% on a year-over-year basis. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. On average, equities analysts predict that Zscaler, Inc. will post 0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZS has been the topic of a number of recent research reports. Wedbush reissued an “outperform” rating and set a $220.00 price target on shares of Zscaler in a report on Wednesday, June 10th. Stephens set a $215.00 target price on shares of Zscaler in a research report on Friday. Stifel Nicolaus lifted their price target on Zscaler from $175.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Scotiabank reissued an “outperform” rating on shares of Zscaler in a report on Friday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 target price on shares of Zscaler in a research note on Friday. Thirty-four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.90.

About Zscaler

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.