Zscaler, Inc. $ZS Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its stake in Zscaler, Inc. (NASDAQ:ZS) by 105.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,532 shares of the company’s stock after purchasing an additional 4,897 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Zscaler were worth $2,904,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Zscaler by 8.3% during the 2nd quarter. Vanguard Group Inc. now owns 10,715,132 shares of the company’s stock valued at $3,363,909,000 after acquiring an additional 824,626 shares during the period. Geode Capital Management LLC increased its stake in Zscaler by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,866,329 shares of the company’s stock valued at $584,160,000 after purchasing an additional 105,318 shares in the last quarter. Federated Hermes Inc. raised its holdings in Zscaler by 9.4% during the third quarter. Federated Hermes Inc. now owns 1,281,671 shares of the company’s stock worth $384,066,000 after purchasing an additional 109,688 shares during the last quarter. AQR Capital Management LLC boosted its position in Zscaler by 0.7% during the second quarter. AQR Capital Management LLC now owns 1,199,815 shares of the company’s stock worth $371,823,000 after purchasing an additional 7,885 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Zscaler by 2.0% in the second quarter. Legal & General Group Plc now owns 607,899 shares of the company’s stock valued at $190,844,000 after purchasing an additional 11,676 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Trading Down 0.3%

NASDAQ ZS opened at $200.01 on Friday. The company has a market cap of $31.90 billion, a P/E ratio of -769.24, a P/E/G ratio of 3,297.49 and a beta of 1.02. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $336.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.82 and a quick ratio of 1.82. The company has a 50-day moving average of $229.16 and a 200-day moving average of $271.00.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. The firm had revenue of $788.11 million during the quarter, compared to the consensus estimate of $773.86 million. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. Zscaler’s revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS and its Q2 2026 guidance at 0.890-0.900 EPS. As a group, equities analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ZS has been the subject of several research reports. Bank of America cut their price target on Zscaler from $355.00 to $335.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Wall Street Zen cut shares of Zscaler from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Piper Sandler lowered their price target on shares of Zscaler from $280.00 to $260.00 and set a “neutral” rating on the stock in a research report on Monday, January 5th. Cantor Fitzgerald restated an “overweight” rating on shares of Zscaler in a research report on Wednesday, November 26th. Finally, Sanford C. Bernstein lowered Zscaler from an “outperform” rating to a “hold” rating in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $317.63.

Insiders Place Their Bets

In other news, CEO Jagtar Singh Chaudhry sold 2,843 shares of Zscaler stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total value of $656,221.26. Following the transaction, the chief executive officer directly owned 347,857 shares of the company’s stock, valued at $80,292,352.74. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kevin Rubin sold 3,303 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total value of $762,398.46. Following the sale, the chief financial officer owned 48,161 shares of the company’s stock, valued at $11,116,522.02. The trade was a 6.42% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 19,350 shares of company stock worth $4,471,509. Corporate insiders own 17.20% of the company’s stock.

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.