Zscaler, Inc. $ZS Stock Position Increased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Zscaler, Inc. (NASDAQ:ZS) by 96.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,757 shares of the company’s stock after purchasing an additional 3,323 shares during the quarter. Principal Financial Group Inc.’s holdings in Zscaler were worth $948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Zscaler by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 11,423,424 shares of the company’s stock worth $2,569,357,000 after buying an additional 55,521 shares during the period. First Trust Advisors LP increased its position in Zscaler by 15.9% in the 4th quarter. First Trust Advisors LP now owns 2,582,897 shares of the company’s stock valued at $580,945,000 after acquiring an additional 354,763 shares during the period. Price T Rowe Associates Inc. MD increased its position in Zscaler by 43.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company’s stock valued at $578,576,000 after acquiring an additional 777,414 shares during the period. State Street Corp raised its stake in Zscaler by 3.4% during the 4th quarter. State Street Corp now owns 2,337,604 shares of the company’s stock valued at $525,774,000 after acquiring an additional 77,800 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Zscaler by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company’s stock valued at $464,783,000 after acquiring an additional 98,140 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. KeyCorp increased their price target on Zscaler from $176.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. UBS Group cut their price objective on shares of Zscaler from $260.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. FBN Securities reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Zscaler in a report on Wednesday, May 27th. Stephens reiterated an “overweight” rating and issued a $200.00 target price on shares of Zscaler in a research report on Friday, June 12th. Finally, Citizens Jmp decreased their target price on shares of Zscaler from $290.00 to $210.00 and set a “market outperform” rating for the company in a research report on Friday, May 1st. Thirty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $214.21.

Zscaler Stock Performance

NASDAQ:ZS opened at $151.20 on Friday. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99. 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 company has a 50-day moving average of $140.55 and a 200-day moving average of $154.33. The firm has a market cap of $24.45 billion, a price-to-earnings ratio of -314.99, a price-to-earnings-growth ratio of 85.04 and a beta of 0.96.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The company had revenue of $850.48 million for the quarter, compared to analysts’ expectations of $835.14 million. During the same quarter in the previous year, the company posted $0.84 EPS. The business’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. Analysts forecast that Zscaler, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Zscaler

In other news, insider Adam Geller sold 2,817 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $122.60, for a total transaction of $345,364.20. Following the completion of the sale, the insider owned 42,314 shares in the company, valued at approximately $5,187,696.40. This represents a 6.24% decrease in their position. The sale was disclosed in a legal 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, CFO Kevin Rubin sold 503 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $147.12, for a total value of $74,001.36. Following the sale, the chief financial officer owned 41,398 shares of the company’s stock, valued at $6,090,473.76. This trade represents a 1.20% 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 16,269 shares of company stock valued at $2,052,589. 17.20% of the stock is currently owned by corporate insiders.

Zscaler 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.