Zscaler, Inc. $ZS Stock: Pictet Asset Management Holding SA Lowers Holdings

Pictet Asset Management Holding SA trimmed its position in Zscaler, Inc. (NASDAQ:ZS) by 49.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,062,768 shares of the company’s stock after selling 1,041,853 shares during the period. Pictet Asset Management Holding SA’s holdings in Zscaler were worth $211,910,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Quintet Private Bank Europe S.A. boosted its holdings in shares of Zscaler by 4.5% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 1,170 shares of the company’s stock valued at $233,000 after acquiring an additional 50 shares in the last quarter. Signaturefd LLC grew its position in Zscaler by 3.9% during the 3rd quarter. Signaturefd LLC now owns 1,401 shares of the company’s stock worth $279,000 after acquiring an additional 52 shares during the last quarter. Triumph Capital Management increased its holdings in Zscaler by 6.3% in the 3rd quarter. Triumph Capital Management now owns 923 shares of the company’s stock worth $184,000 after purchasing an additional 55 shares in the last quarter. NFSG Corp increased its holdings in Zscaler by 2.6% in the 3rd quarter. NFSG Corp now owns 2,437 shares of the company’s stock worth $486,000 after purchasing an additional 62 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Zscaler by 18.8% in the second quarter. Parkside Financial Bank & Trust now owns 417 shares of the company’s stock valued at $59,000 after purchasing an additional 66 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Freedom Broker increased their target price on Zscaler from $230.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Weiss Ratings upgraded Zscaler from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 24th. Barclays upped their price objective on Zscaler from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Stephens upped their price objective on Zscaler from $225.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Finally, DA Davidson initiated coverage on shares of Zscaler in a report on Wednesday, October 21st. They issued a “neutral” rating and a $215.00 price objective for the company. Thirty-six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $236.65.

Insider Buying and Selling

In related news, insider Robert Schlossman sold 5,394 shares of Zscaler stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $200.00, for a total value of $1,078,800.00. Following the transaction, the insider directly owned 61,525 shares of the company’s stock, valued at $12,305,000. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James A. Beer sold 177 shares of Zscaler stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $192.01, for a total value of $33,985.77. Following the completion of the transaction, the director directly owned 4,030 shares in the company, valued at approximately $773,800.30. This represents a 4.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 55,105 shares of company stock worth $11,563,836. Corporate insiders own 17.20% of the company’s stock.

Zscaler Stock Performance

NASDAQ ZS opened at $197.66 on Friday. The company has a market capitalization of $32.23 billion, a price-to-earnings ratio of -506.82, a PEG ratio of 18.79 and a beta of 0.82. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $333.90. The stock has a fifty day simple moving average of $208.01 and a 200 day simple moving average of $167.67. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65.

Zscaler (NASDAQ:ZS) last announced its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.10. The business had revenue of $898.19 million during the quarter, compared to analyst estimates of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. Zscaler’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period last year, the company earned $0.89 EPS. 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 expect that Zscaler, Inc. will post 0.70 EPS for the current year.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler’s zero-trust security model could benefit from organizations modernizing remote access and protecting operational technology. Recent coverage described a customer’s VPN transition and discussed why OT environments need broader zero-trust protections; these are industry-use-case signals, not disclosed material deals. Zscaler Sales Engineer Interview Zscaler’s Nathan Howe on OT Zero Trust
• Neutral Sentiment: A comparison with Palo Alto Networks highlighted Zscaler’s cloud-native zero-trust presence among Fortune 500 companies, while noting Palo Alto’s push to bundle security services into a broader platform. This underscores Zscaler’s established position as well as competitive pressure. Palo Alto Networks vs. Zscaler
• Neutral Sentiment: Zscaler scheduled its fiscal 2027 first-quarter results and investor call for December 2, giving investors the next key opportunity to assess growth and outlook; the announcement itself provided no new financial results. Zscaler earnings call announcement
• Negative Sentiment: Recent selling has weighed on ZS alongside declines in other cybersecurity and software names. Coverage reported a 9.16% fall in the latest session and a 14% weekly decline, suggesting broad sector pressure is a near-term headwind. One analysis cited an average analyst price target of $235, but that is an estimate, not a near-term catalyst. Zscaler’s recent decline and analyst targets Why Zscaler dipped

About Zscaler

Zscaler, Inc is a cloud security company that provides services designed to help organizations protect users, applications, and data. Its platform, the Zscaler Zero Trust Exchange, connects users and devices to applications while applying security controls, rather than relying on traditional network boundaries.

The company’s offerings include Zscaler Internet Access for securing internet and software-as-a-service traffic, and Zscaler Private Access for providing secure access to private applications.