Fifth Third Bancorp Boosts Stock Holdings in Zscaler, Inc. $ZS

Fifth Third Bancorp grew its holdings in Zscaler, Inc. (NASDAQ:ZS) by 399.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,584 shares of the company’s stock after buying an additional 4,466 shares during the quarter. Fifth Third Bancorp’s holdings in Zscaler were worth $783,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Zscaler by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 11,423,424 shares of the company’s stock valued at $2,569,357,000 after buying an additional 55,521 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Zscaler by 15.9% during the fourth quarter. First Trust Advisors LP now owns 2,582,897 shares of the company’s stock worth $580,945,000 after acquiring an additional 354,763 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Zscaler by 43.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company’s stock worth $578,576,000 after acquiring an additional 777,414 shares in the last quarter. State Street Corp boosted its holdings in shares of Zscaler by 3.4% in the fourth quarter. State Street Corp now owns 2,337,604 shares of the company’s stock worth $525,774,000 after acquiring an additional 77,800 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Zscaler by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company’s stock worth $464,783,000 after acquiring an additional 98,140 shares during the period. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Piper Sandler decreased their price objective on Zscaler from $185.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 27th. Mizuho cut their target price on Zscaler from $210.00 to $185.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. FBN Securities reaffirmed an “outperform” rating and set a $175.00 target price on shares of Zscaler in a report on Wednesday, May 27th. KeyCorp upped their price target on Zscaler from $176.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, HC Wainwright raised shares of Zscaler from a “buy” rating to a “buy” rating in a report on Monday, May 18th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.21.

Insiders Place Their Bets

In other news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $363,865.54. Following the completion of the transaction, the chief executive officer owned 343,038 shares of the company’s stock, valued at approximately $43,370,294.34. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $122.60, for a total value of $345,364.20. Following the transaction, the insider directly owned 42,314 shares of the company’s stock, valued at $5,187,696.40. The trade was a 6.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 15,766 shares of company stock worth $1,978,587. Insiders own 17.20% of the company’s stock.

Zscaler Trading Up 3.5%

Shares of ZS stock opened at $147.30 on Tuesday. The company has a market capitalization of $23.82 billion, a PE ratio of -306.87, a price-to-earnings-growth ratio of 81.56 and a beta of 0.96. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99. The business’s fifty day moving average is $142.51 and its 200 day moving average is $155.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping the consensus estimate 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 business had revenue of $850.48 million during the quarter, compared to analysts’ expectations of $835.14 million. During the same period in the previous year, the business earned $0.84 earnings per share. The firm’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. On average, equities research analysts anticipate that Zscaler, Inc. will post 0.12 EPS for the current fiscal year.

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.