Munich Reinsurance Co Stock Corp in Munich Takes $2.05 Million Position in Zscaler, Inc. $ZS

Munich Reinsurance Co Stock Corp in Munich bought a new stake in Zscaler, Inc. (NASDAQ:ZS) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,826 shares of the company’s stock, valued at approximately $2,045,000.

Several other large investors also recently bought and sold shares of ZS. Federated Hermes Inc. raised its position in Zscaler by 314.0% in the 2nd quarter. Federated Hermes Inc. now owns 1,171,983 shares of the company’s stock valued at $367,932,000 after purchasing an additional 888,888 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Zscaler by 8.3% in the 2nd quarter. Vanguard Group Inc. now owns 10,715,132 shares of the company’s stock valued at $3,363,909,000 after buying an additional 824,626 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in shares of Zscaler by 167.7% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 421,393 shares of the company’s stock worth $132,250,000 after buying an additional 263,982 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of Zscaler by 131.4% during the second quarter. 1832 Asset Management L.P. now owns 461,800 shares of the company’s stock worth $144,977,000 after buying an additional 262,200 shares during the period. Finally, Jefferies Financial Group Inc. raised its holdings in Zscaler by 113.5% in the second quarter. Jefferies Financial Group Inc. now owns 24,000 shares of the company’s stock valued at $7,535,000 after acquiring an additional 201,267 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Activity

In other Zscaler news, insider Adam Geller sold 2,060 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total value of $475,489.20. Following the completion of the sale, the insider owned 52,148 shares in the company, valued at approximately $12,036,801.36. The trade was a 3.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Schlossman sold 3,084 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total value of $711,848.88. Following the completion of the sale, the insider directly owned 77,002 shares of the company’s stock, valued at $17,773,601.64. The trade was a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 19,350 shares of company stock worth $4,471,509 over the last ninety days. 17.20% of the stock is owned by corporate insiders.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $164.06 on Friday. The company’s fifty day moving average price is $191.63 and its 200 day moving average price is $250.93. Zscaler, Inc. has a 12 month low of $140.56 and a 12 month high of $336.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $26.38 billion, a P/E ratio of -390.62 and a beta of 1.07.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The company had revenue of $815.75 million during the quarter, compared to the consensus estimate of $798.92 million. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Zscaler’s revenue for the quarter was up 25.9% on a year-over-year basis. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. As a group, sell-side analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Oppenheimer dropped their price objective on shares of Zscaler from $345.00 to $280.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Zacks Research lowered Zscaler from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. TD Cowen cut their price target on Zscaler from $330.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Needham & Company LLC decreased their price target on Zscaler from $310.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 27th. Finally, JPMorgan Chase & Co. lowered their price objective on Zscaler from $354.00 to $267.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and a consensus target price of $267.92.

Zscaler News Roundup

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler raised fiscal‑2026 revenue/ARR targets and topped quarterly revenue and EPS estimates, which supports continued top‑line growth expectations. Assessing Zscaler (ZS) Valuation After Upbeat Guidance And Fresh Analyst Buy Ratings
• Positive Sentiment: Wells Fargo initiated coverage with an Overweight rating and $200 target, framing the recent pullback as a buying opportunity and helping validate the thesis for institutional investors. Why Wells Fargo Thinks Zscaler (ZS) Can Push Through Recent Noise
• Positive Sentiment: Zscaler is accelerating its enterprise AI security push — launching AI Protect and adding capabilities via acquisitions (SquareX, Red Canary) — which expands addressable market amid rising AI adoption. This product/strategy news supports a longer‑term growth narrative. Zscaler Expands AI Security And Acquisitions To Deepen Cloud Cyber Defense
• Positive Sentiment: High‑profile bullish commentary (e.g., Jim Cramer saying he wouldn’t sell) boosts retail/income investor confidence and can amplify short‑term upside. Jim Cramer on Zscaler: “I Would Not Sell It Here”
• Neutral Sentiment: Options volume is unusually high, signaling elevated trader interest and potential for larger intraday moves or hedging flows; this can amplify volatility but is ambiguous on direction. Zscaler Sees Unusually High Options Volume (NASDAQ:ZS)
• Negative Sentiment: Despite growth, Zscaler still reported a quarterly net loss and faces valuation risk — analysts note tension between strong growth expectations and profitability/valuation, which could cap upside if execution or multiple re‑rating disappoints. Assessing Zscaler (ZS) Valuation After Upbeat Guidance And Fresh Analyst Buy Ratings

About Zscaler

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.