Independent Financial Group LLC Makes New Investment in Zscaler, Inc. $ZS

Independent Financial Group LLC purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) during the 1st quarter, HoldingsChannel reports. The fund purchased 16,848 shares of the company’s stock, valued at approximately $2,364,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZS. Price T Rowe Associates Inc. MD boosted its stake in Zscaler by 43.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company’s stock valued at $578,576,000 after buying an additional 777,414 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Zscaler by 61.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,941,571 shares of the company’s stock valued at $576,083,000 after acquiring an additional 741,756 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in Zscaler by 52.5% during the first quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company’s stock worth $269,285,000 after buying an additional 661,413 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Zscaler in the third quarter worth approximately $109,440,000. Finally, First Trust Advisors LP grew its position in Zscaler by 15.9% in the fourth quarter. First Trust Advisors LP now owns 2,582,897 shares of the company’s stock worth $580,945,000 after buying an additional 354,763 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Insiders Place Their Bets

In other Zscaler news, insider Adam Geller sold 2,817 shares of Zscaler stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $122.60, for a total transaction of $345,364.20. Following the transaction, the insider owned 42,314 shares of the company’s stock, valued at $5,187,696.40. The trade was a 6.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Schlossman sold 3,146 shares of the company’s 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 in the company, valued at $8,769,943.38. This represents a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 15,766 shares of company stock valued at $1,978,587 in the last 90 days. Insiders own 17.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ZS shares. Berenberg Bank set a $200.00 target price on Zscaler in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft decreased their price target on Zscaler from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Scotiabank dropped their price target on Zscaler from $190.00 to $175.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, May 27th. Sanford C. Bernstein cut their price objective on Zscaler from $228.00 to $224.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 price objective on shares of Zscaler in a research note on Wednesday, June 10th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.21.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $149.94 on Friday. The company’s fifty day moving average is $143.85 and its two-hundred day moving average is $159.67. The company has a market cap of $24.25 billion, a P/E ratio of -312.37, a price-to-earnings-growth ratio of 85.93 and a beta of 0.96. Zscaler, Inc. has a 12-month low of $114.63 and a 12-month high of $336.99. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.01 by $0.07. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The business had revenue of $850.48 million during the quarter, compared to analysts’ expectations of $835.14 million. During the same quarter last year, the firm posted $0.84 earnings per share. Zscaler’s revenue was up 25.4% compared to the same quarter last year. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Equities analysts expect that Zscaler, Inc. will post 0.12 earnings per share for the current fiscal year.

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.