Danica Pension Livsforsikringsaktieselskab Trims Position in Zscaler, Inc. $ZS

Danica Pension Livsforsikringsaktieselskab trimmed its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 65.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 72,329 shares of the company’s stock after selling 135,507 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in Zscaler were worth $10,147,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Qsemble Capital Management LP grew its holdings in Zscaler by 105.5% during the fourth quarter. Qsemble Capital Management LP now owns 15,773 shares of the company’s stock worth $3,548,000 after acquiring an additional 8,099 shares during the period. Oxbow Advisors LLC purchased a new position in Zscaler during the fourth quarter valued at approximately $2,939,000. J. Safra Sarasin Holding AG lifted its holdings in Zscaler by 94.7% in the fourth quarter. J. Safra Sarasin Holding AG now owns 63,627 shares of the company’s stock valued at $14,311,000 after acquiring an additional 30,952 shares during the period. Leonteq Securities AG acquired a new position in Zscaler in the fourth quarter valued at approximately $4,571,000. Finally, Norges Bank purchased a new stake in Zscaler in the 4th quarter worth approximately $79,762,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Price Performance

Shares of Zscaler stock opened at $148.72 on Wednesday. The stock has a market capitalization of $24.05 billion, a P/E ratio of -309.83, a PEG ratio of 85.86 and a beta of 0.96. The business has a 50 day simple moving average of $143.92 and a two-hundred day simple moving average of $158.11. Zscaler, Inc. has a 12 month low of $114.63 and a 12 month high of $336.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86.

Zscaler (NASDAQ:ZS) last issued its quarterly 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 return on equity of 0.37% and a negative net margin of 2.44%.The firm had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. During the same period in the previous year, the company posted $0.84 earnings per share. The business’s 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, analysts predict that Zscaler, Inc. will post 0.12 EPS for the current fiscal year.

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $363,865.54. Following the completion of the sale, the chief executive officer directly owned 343,038 shares in the company, valued at $43,370,294.34. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 2,817 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $122.60, for a total transaction of $345,364.20. Following the completion of the sale, the insider owned 42,314 shares of the company’s stock, valued at $5,187,696.40. This trade represents a 6.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 15,766 shares of company stock worth $1,978,587. Company insiders own 17.20% of the company’s stock.

Analysts Set New Price Targets

ZS has been the topic of a number of analyst reports. Mizuho dropped their price objective on shares of Zscaler from $210.00 to $185.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Berenberg Bank set a $200.00 target price on shares of Zscaler in a research note on Thursday, May 28th. KeyCorp raised their price target on shares of Zscaler from $176.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Wolfe Research reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Zscaler in a report on Thursday, June 11th. Finally, Sanford C. Bernstein cut their price objective on shares of Zscaler from $228.00 to $224.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.21.

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.