National Pension Service Grows Stock Holdings in Zscaler, Inc. $ZS

National Pension Service lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 3.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 179,825 shares of the company’s stock after acquiring an additional 5,962 shares during the quarter. National Pension Service’s holdings in Zscaler were worth $40,446,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Binnacle Investments Inc acquired a new stake in shares of Zscaler during the 3rd quarter worth approximately $25,000. Picton Mahoney Asset Management acquired a new stake in shares of Zscaler during the 3rd quarter worth approximately $30,000. Family CFO Inc acquired a new stake in shares of Zscaler during the 4th quarter worth approximately $34,000. Missouri Trust & Investment Co increased its holdings in shares of Zscaler by 1,460.0% during the 3rd quarter. Missouri Trust & Investment Co now owns 156 shares of the company’s stock worth $47,000 after buying an additional 146 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of Zscaler by 26,100.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 262 shares of the company’s stock worth $59,000 after buying an additional 261 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Despite the selloff, Zscaler reported strong fiscal Q3 results with revenue growth of about 25% year over year and earnings that beat estimates, which some analysts say supports the long-term cybersecurity demand story.
• Positive Sentiment: Some commentary argues the market may be overreacting to the guidance cut, pointing to Zscaler’s strong net retention and its role in AI-driven security workflows as reasons the stock could eventually recover. MarketBeat Zscaler page
• Neutral Sentiment: Zacks Research upgraded Zscaler from “strong sell” to “hold,” suggesting the recent drop may have improved the risk/reward profile, but it does not signal a clear bullish turn.
• Neutral Sentiment: Several articles discuss broader cybersecurity weakness tied to Google’s AI security platform launch and changing investor sentiment around software, which adds context but is not Zscaler-specific.
• Negative Sentiment: Wall Street’s main concern is the disappointing forward guidance, which overshadowed the earnings beat and raised questions about near-term growth and sales execution.
• Negative Sentiment: Reports of class-action and securities-fraud investigations may add overhang to the stock until management can rebuild confidence. Investor alert article

Analyst Ratings Changes

ZS has been the subject of a number of recent analyst reports. Stephens set a $205.00 price target on shares of Zscaler in a report on Wednesday. Piper Sandler cut their price target on shares of Zscaler from $185.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday. The Goldman Sachs Group restated a “neutral” rating and set a $179.00 price target on shares of Zscaler in a report on Wednesday. Wells Fargo & Company cut their price target on shares of Zscaler from $210.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Cantor Fitzgerald cut their price target on shares of Zscaler from $300.00 to $225.00 and set an “overweight” rating for the company in a report on Wednesday, May 27th. Thirty-two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $216.08.

Zscaler Price Performance

Zscaler stock opened at $139.73 on Monday. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a 50 day moving average price of $144.36 and a 200 day moving average price of $188.63. The company has a market capitalization of $22.60 billion, a PE ratio of -291.10 and a beta of 0.97.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The firm had revenue of $850.48 million during the quarter, compared to the consensus estimate of $835.14 million. During the same quarter last year, the firm earned $0.84 EPS. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Research analysts expect that Zscaler, Inc. will post -0.03 earnings per share for the current year.

Insider Transactions at Zscaler

In other Zscaler news, Director James A. Beer sold 177 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $153.53, for a total value of $27,174.81. Following the completion of the transaction, the director owned 4,384 shares in the company, valued at $673,075.52. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kevin Rubin sold 1,682 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $263,384.38. Following the completion of the transaction, the chief financial officer owned 46,479 shares of the company’s stock, valued at approximately $7,278,146.61. This trade represents a 3.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,130 shares of company stock worth $1,892,487 in the last three months. Company 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.