Zscaler, Inc. $ZS Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 590,290 shares of the company’s stock after selling 17,609 shares during the quarter. Legal & General Group Plc owned approximately 0.37% of Zscaler worth $176,886,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ZS. Westpac Banking Corp boosted its position in Zscaler by 919.0% during the 3rd quarter. Westpac Banking Corp now owns 9,986 shares of the company’s stock valued at $2,992,000 after purchasing an additional 9,006 shares during the period. Korea Investment CORP grew its stake in Zscaler by 24.0% during the 3rd quarter. Korea Investment CORP now owns 98,370 shares of the company’s stock worth $29,478,000 after buying an additional 19,026 shares during the last quarter. VestGen Advisors LLC acquired a new stake in Zscaler in the second quarter worth $1,592,000. Mackenzie Financial Corp lifted its stake in Zscaler by 133.6% in the second quarter. Mackenzie Financial Corp now owns 14,780 shares of the company’s stock valued at $4,640,000 after buying an additional 8,454 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in Zscaler by 11.5% in the second quarter. Schroder Investment Management Group now owns 164,061 shares of the company’s stock valued at $51,505,000 after buying an additional 16,868 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Robert Schlossman sold 3,084 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 transaction of $711,848.88. Following the sale, the insider 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Geller sold 2,060 shares of the company’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 of the company’s stock, valued at $12,036,801.36. This trade represents a 3.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 19,350 shares of company stock valued at $4,471,509. 17.20% of the stock is currently owned by insiders.

Zscaler Stock Performance

ZS stock opened at $151.61 on Friday. The company has a 50-day simple moving average of $186.02 and a 200 day simple moving average of $247.85. The company has a market capitalization of $24.38 billion, a P/E ratio of -360.98 and a beta of 1.07. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.78. Zscaler, Inc. has a fifty-two week low of $140.56 and a fifty-two week high of $336.99.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, February 26th. The company reported $1.01 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 firm had revenue of $815.75 million for the quarter, compared to analysts’ expectations of $798.92 million. During the same quarter last year, the company earned $0.78 EPS. Zscaler’s quarterly revenue 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. Sell-side analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ZS shares. Canaccord Genuity Group lowered their price target on shares of Zscaler from $340.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Cantor Fitzgerald cut their price objective on shares of Zscaler from $365.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. Needham & Company LLC reduced their target price on shares of Zscaler from $310.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Bank of America decreased their target price on shares of Zscaler from $355.00 to $335.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Finally, BMO Capital Markets dropped their price target on shares of Zscaler from $315.00 to $210.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $267.13.

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.