PNC Financial Services Group Inc. Lowers Holdings in Zscaler, Inc. $ZS

PNC Financial Services Group Inc. trimmed its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 8.1% during the second quarter, HoldingsChannel reports. The fund owned 6,821 shares of the company’s stock after selling 599 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Zscaler were worth $2,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZS. Victory Capital Management Inc. increased its holdings in Zscaler by 4.4% in the first quarter. Victory Capital Management Inc. now owns 115,177 shares of the company’s stock valued at $22,853,000 after buying an additional 4,888 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of Zscaler by 19.9% during the first quarter. Kingsview Wealth Management LLC now owns 3,009 shares of the company’s stock worth $597,000 after purchasing an additional 500 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in shares of Zscaler by 41.5% in the first quarter. Kestra Private Wealth Services LLC now owns 8,461 shares of the company’s stock valued at $1,679,000 after purchasing an additional 2,481 shares during the period. Choreo LLC increased its stake in Zscaler by 2.7% in the first quarter. Choreo LLC now owns 2,909 shares of the company’s stock valued at $577,000 after purchasing an additional 76 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in Zscaler by 522.9% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 28,888 shares of the company’s stock worth $6,095,000 after buying an additional 24,250 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ZS shares. B. Riley started coverage on shares of Zscaler in a research note on Tuesday, August 26th. They set a “neutral” rating and a $275.00 price objective for the company. JPMorgan Chase & Co. upped their price target on shares of Zscaler from $348.00 to $351.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 3rd. Susquehanna increased their price target on shares of Zscaler from $320.00 to $340.00 and gave the stock a “positive” rating in a research note on Wednesday, September 3rd. Guggenheim reissued a “neutral” rating on shares of Zscaler in a research note on Wednesday, September 3rd. Finally, BMO Capital Markets upped their price objective on Zscaler from $295.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $316.65.

Insider Activity

In other news, EVP Raj Judge sold 4,524 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $1,269,886.80. Following the completion of the transaction, the executive vice president directly owned 73,832 shares in the company, valued at approximately $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Geller sold 11,193 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $3,141,875.10. Following the sale, the insider directly owned 53,942 shares of the company’s stock, valued at approximately $15,141,519.40. The trade was a 17.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 43,084 shares of company stock valued at $12,446,825. 18.10% of the stock is currently owned by company insiders.

Zscaler Stock Down 0.6%

Shares of NASDAQ ZS opened at $293.11 on Wednesday. The stock has a fifty day moving average price of $305.81 and a 200 day moving average price of $289.72. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95. Zscaler, Inc. has a 12-month low of $164.78 and a 12-month high of $336.99. The company has a market cap of $46.40 billion, a P/E ratio of -1,085.59 and a beta of 1.06.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, topping 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 return on equity of 0.47% and a negative net margin of 1.55%.The company’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business 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 anticipate that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Zscaler Profile

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.