Skandinaviska Enskilda Banken AB publ Has $118.27 Million Stake in Zscaler, Inc. $ZS

Skandinaviska Enskilda Banken AB publ lowered its position in Zscaler, Inc. (NASDAQ:ZS) by 6.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 394,665 shares of the company’s stock after selling 26,728 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.25% of Zscaler worth $118,273,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in Zscaler by 3.2% in the third quarter. Bessemer Group Inc. now owns 1,021 shares of the company’s stock worth $306,000 after acquiring an additional 32 shares in the last quarter. Cox Capital Mgt LLC lifted its stake in shares of Zscaler by 0.6% in the 3rd quarter. Cox Capital Mgt LLC now owns 5,576 shares of the company’s stock valued at $1,671,000 after purchasing an additional 33 shares during the last quarter. Brookstone Capital Management lifted its stake in shares of Zscaler by 3.7% in the 3rd quarter. Brookstone Capital Management now owns 936 shares of the company’s stock valued at $280,000 after purchasing an additional 33 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in Zscaler by 0.7% in the third quarter. Wedbush Securities Inc. now owns 5,129 shares of the company’s stock worth $1,537,000 after purchasing an additional 34 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its position in Zscaler by 0.5% during the third quarter. 180 Wealth Advisors LLC now owns 7,897 shares of the company’s stock worth $2,366,000 after buying an additional 36 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Up 4.0%

NASDAQ ZS opened at $177.72 on Tuesday. Zscaler, Inc. has a twelve month low of $162.87 and a twelve month high of $336.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market cap of $28.34 billion, a PE ratio of -683.51, a PEG ratio of 362.29 and a beta of 1.02. The firm has a 50-day simple moving average of $212.56 and a 200 day simple moving average of $262.42.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. The company had revenue of $788.11 million during the quarter, compared to the consensus estimate of $773.86 million. Zscaler had a negative return on equity of 0.12% and a negative net margin of 1.45%.The company’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS and its Q2 2026 guidance at 0.890-0.900 EPS. On average, research analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ZS shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Zscaler in a research report on Wednesday, February 11th. Cantor Fitzgerald reissued an “overweight” rating on shares of Zscaler in a research note on Monday, February 9th. Morgan Stanley set a $305.00 target price on Zscaler in a research report on Thursday, December 18th. Scotiabank lowered their price target on Zscaler from $334.00 to $320.00 and set a “sector outperform” rating on the stock in a report on Wednesday, November 26th. Finally, Macquarie Infrastructure assumed coverage on shares of Zscaler in a research note on Friday, October 31st. They issued an “outperform” rating and a $390.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.63.

Insider Buying and Selling

In related news, EVP Raj Judge sold 3,438 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total value of $793,559.16. Following the completion of the transaction, the executive vice president owned 70,394 shares of the company’s stock, valued at $16,248,343.08. This represents a 4.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,843 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total transaction of $656,221.26. Following the transaction, the chief executive officer owned 347,857 shares of the company’s stock, valued at approximately $80,292,352.74. This represents a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 19,350 shares of company stock worth $4,471,509. Insiders own 17.20% of the company’s stock.

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.