Pacer Advisors Inc. Sells 106,527 Shares of Zscaler, Inc. $ZS

Pacer Advisors Inc. lessened its holdings in Zscaler, Inc. (NASDAQ:ZS) by 54.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 90,014 shares of the company’s stock after selling 106,527 shares during the quarter. Pacer Advisors Inc.’s holdings in Zscaler were worth $20,246,000 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. Groupama Asset Managment grew its holdings in shares of Zscaler by 76,352.6% in the 3rd quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock worth $1,423,385,000 after purchasing an additional 4,743,787 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Zscaler by 43.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company’s stock valued at $578,576,000 after purchasing an additional 777,414 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Zscaler by 61.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,941,571 shares of the company’s stock valued at $576,083,000 after purchasing an additional 741,756 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in Zscaler in the third quarter valued at about $109,440,000. Finally, First Trust Advisors LP boosted its position in Zscaler by 15.9% in the fourth quarter. First Trust Advisors LP now owns 2,582,897 shares of the company’s stock valued at $580,945,000 after buying an additional 354,763 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Performance

ZS opened at $124.85 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $20.19 billion, a PE ratio of -260.10, a PEG ratio of 78.06 and a beta of 0.97. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99. The firm has a 50-day moving average price of $141.25 and a two-hundred day moving average price of $172.99.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. During the same period in the prior year, the business earned $0.84 earnings per share. Zscaler’s quarterly revenue 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. As a group, equities analysts anticipate that Zscaler, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In related news, CFO Kevin Rubin sold 1,686 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $213,160.98. Following the completion of the transaction, the chief financial officer owned 44,901 shares in the company, valued at $5,676,833.43. The trade was a 3.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jagtar Singh Chaudhry sold 2,878 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $363,865.54. Following the transaction, the chief executive officer directly owned 343,038 shares in the company, valued at approximately $43,370,294.34. This represents a 0.83% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 9,827 shares of company stock worth $1,242,263. Company insiders own 17.20% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the subject of several recent analyst reports. Berenberg Bank set a $200.00 price objective on shares of Zscaler in a report on Thursday, May 28th. Zacks Research raised Zscaler from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. FBN Securities reissued an “outperform” rating and issued a $175.00 target price on shares of Zscaler in a report on Wednesday, May 27th. Canaccord Genuity Group restated a “buy” rating and set a $210.00 price target on shares of Zscaler in a research report on Thursday, June 11th. Finally, BMO Capital Markets dropped their price target on Zscaler from $210.00 to $178.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Thirty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $214.33.

Zscaler Company 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.