Strs Ohio Decreases Holdings in Zscaler, Inc. $ZS

Strs Ohio cut its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 34.3% during the first quarter, HoldingsChannel.com reports. The firm owned 13,389 shares of the company’s stock after selling 7,004 shares during the period. Strs Ohio’s holdings in Zscaler were worth $1,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ZS. Goldstream Capital Management Ltd increased its position in Zscaler by 0.3% during the 3rd quarter. Goldstream Capital Management Ltd now owns 12,450 shares of the company’s stock valued at $3,731,000 after buying an additional 34 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of Zscaler by 1.4% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,569 shares of the company’s stock worth $770,000 after acquiring an additional 36 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Zscaler by 10.9% during the third quarter. Parallel Advisors LLC now owns 397 shares of the company’s stock worth $119,000 after acquiring an additional 39 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Zscaler by 7.5% during the second quarter. Smartleaf Asset Management LLC now owns 648 shares of the company’s stock valued at $204,000 after acquiring an additional 45 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Zscaler by 3.8% in the 4th quarter. Yousif Capital Management LLC now owns 1,326 shares of the company’s stock valued at $274,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Activity at Zscaler

In related news, CFO Kevin Rubin sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $124.22, for a total transaction of $372,660.00. Following the completion of the transaction, the chief financial officer owned 41,901 shares in the company, valued at $5,204,942.22. This represents a 6.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Schlossman sold 3,146 shares of the firm’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 $397,748.78. Following the completion of the transaction, the insider owned 69,366 shares in the company, valued at approximately $8,769,943.38. This trade represents a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 15,644 shares of company stock valued at $1,960,287. 17.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ZS has been the topic of several research analyst reports. BMO Capital Markets dropped their target price on shares of Zscaler from $210.00 to $178.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Guggenheim reiterated a “buy” rating and set a $214.00 price objective on shares of Zscaler in a research note on Wednesday, June 10th. BTIG Research reissued a “neutral” rating on shares of Zscaler in a report on Thursday, April 9th. Truist Financial set a $210.00 target price on Zscaler in a research report on Wednesday, May 27th. Finally, TD Cowen restated a “buy” rating on shares of Zscaler in a research note on Wednesday, May 27th. Thirty-four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and an average target price of $213.97.

Zscaler Price Performance

Shares of Zscaler stock traded down $1.20 during trading hours on Tuesday, reaching $149.22. The stock had a trading volume of 461,169 shares, compared to its average volume of 3,624,013. The stock’s 50 day moving average is $142.61 and its 200 day moving average is $164.47. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99. The firm has a market capitalization of $24.13 billion, a PE ratio of -309.74, a PEG ratio of 92.12 and a beta of 0.96.

Zscaler (NASDAQ:ZS) last announced its quarterly 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. The firm had revenue of $850.48 million during the quarter, compared to analyst estimates of $835.14 million. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.Zscaler’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 EPS. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Equities analysts expect that Zscaler, Inc. will post 0.11 earnings per share for the current fiscal year.

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.