Penserra Capital Management LLC Has $114.90 Million Holdings in Zscaler, Inc. $ZS

Penserra Capital Management LLC trimmed its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 19.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365,993 shares of the company’s stock after selling 85,922 shares during the period. Zscaler comprises about 1.6% of Penserra Capital Management LLC’s portfolio, making the stock its 9th largest position. Penserra Capital Management LLC owned approximately 0.24% of Zscaler worth $114,898,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. bought a new position in shares of Zscaler during the first quarter valued at approximately $455,000. Allworth Financial LP lifted its holdings in Zscaler by 47.4% during the first quarter. Allworth Financial LP now owns 1,002 shares of the company’s stock worth $211,000 after buying an additional 322 shares during the period. Cerity Partners LLC boosted its position in Zscaler by 0.3% during the 1st quarter. Cerity Partners LLC now owns 22,928 shares of the company’s stock valued at $4,549,000 after acquiring an additional 68 shares in the last quarter. WESPAC Advisors LLC bought a new stake in Zscaler during the 1st quarter valued at $279,000. Finally, Xponance Inc. increased its holdings in shares of Zscaler by 5.7% in the 1st quarter. Xponance Inc. now owns 18,097 shares of the company’s stock valued at $3,591,000 after acquiring an additional 970 shares during the period. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In related news, EVP Raj Judge sold 4,524 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,269,886.80. Following the sale, the executive vice president owned 73,832 shares in the company, valued at $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $804,205.50. Following the completion of the transaction, the chief executive officer owned 350,700 shares in the company, valued at approximately $98,441,490. This trade represents a 0.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 43,084 shares of company stock valued at $12,446,825 over the last three months. Company insiders own 18.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Scotiabank decreased their price objective on Zscaler from $360.00 to $334.00 and set a “sector outperform” rating for the company in a research note on Wednesday, September 3rd. Morgan Stanley raised shares of Zscaler from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $280.00 to $320.00 in a research report on Tuesday, September 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $355.00 price objective on shares of Zscaler in a research report on Wednesday, September 3rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $340.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. Finally, Evercore ISI lifted their price target on shares of Zscaler from $290.00 to $320.00 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 have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $310.14.

Zscaler Trading Up 0.7%

NASDAQ:ZS opened at $320.01 on Friday. The company has a market capitalization of $50.66 billion, a P/E ratio of -1,185.22 and a beta of 1.06. 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 firm has a fifty day simple moving average of $300.92 and a 200-day simple moving average of $284.15.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.09. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The firm had revenue of $719.23 million for the quarter, compared to the consensus estimate of $707.15 million. During the same period in the prior year, the firm earned $0.88 EPS. The firm’s revenue was up 21.3% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, equities research analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current year.

About Zscaler

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.