VIRGINIA RETIREMENT SYSTEMS ET Al Takes $3.59 Million Position in Zscaler, Inc. $ZS

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Zscaler, Inc. (NASDAQ:ZS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 25,422 shares of the company’s stock, valued at approximately $3,588,000.

A number of other large investors also recently bought and sold shares of the company. California State Teachers Retirement System increased its holdings in shares of Zscaler by 13,837.9% in the 2nd quarter. California State Teachers Retirement System now owns 19,388,787 shares of the company’s stock valued at $2,736,727,000 after acquiring an additional 19,249,679 shares during the last quarter. BlackRock Inc. bought a new position in Zscaler during the second quarter worth $1,396,028,000. First Trust Advisors LP boosted its holdings in Zscaler by 36.2% in the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock worth $493,635,000 after purchasing an additional 935,781 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Zscaler by 43.3% in 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 purchasing an additional 777,414 shares during the period. Finally, State Street Corp increased its stake in Zscaler by 3.4% during the fourth quarter. State Street Corp now owns 2,337,604 shares of the company’s stock valued at $525,774,000 after purchasing an additional 77,800 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ZS. Piper Sandler boosted their price objective on shares of Zscaler from $160.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. Evercore set a $155.00 target price on Zscaler and gave the company an “in-line” rating 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. BTIG Research reaffirmed a “neutral” rating on shares of Zscaler in a report on Friday, September 4th. Finally, TD Cowen reiterated a “buy” rating and set a $200.00 price target on shares of Zscaler in a research report on Friday, September 4th. Thirty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $216.65.

Zscaler News Roundup

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Strong fourth-quarter performance: Zscaler reported fiscal Q4 revenue of approximately $898.2 million, up 25% year over year and above expectations. Annual recurring revenue reached $3.771 billion, also up 25%, while adjusted EPS exceeded consensus estimates. Zscaler Q4 2026 Earnings Call Transcript
• Positive Sentiment: AI security product launch: Zscaler introduced Agentic SOC, which combines its zero-trust telemetry with specialized AI agents to detect, investigate and respond to threats at machine speed. The platform uses models from OpenAI and Anthropic, strengthening Zscaler’s positioning in automated enterprise security. Zscaler launches Agentic SOC
• Positive Sentiment: Customer adoption indicators remain favorable: Z-Flex generated more than $1.7 billion in fiscal 2026 total contract value and helped lift customer ARR nearly 30%, suggesting flexible contracting may broaden adoption of Zscaler’s platform. Zscaler Z-Flex analysis
• Neutral Sentiment: Industry AI-security enthusiasm: Cloudflare’s separate OpenAI security partnership sparked broad interest in AI-related cybersecurity stocks, providing a favorable backdrop for Zscaler even though the partnership does not directly involve Zscaler. Cloudflare OpenAI security partnership
• Negative Sentiment: Growth and profitability concerns: Analysts have pointed to decelerating revenue and ARR growth, increased capital spending and weaker cash-flow margins. A planned workforce reduction may improve efficiency but also signals that management is taking steps to control costs amid a more challenging growth outlook. Zscaler stock outlook analysis

Zscaler Price Performance

NASDAQ:ZS opened at $166.10 on Thursday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. The business’s 50-day moving average price is $162.71 and its 200 day moving average price is $150.23. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99. The firm has a market cap of $27.08 billion, a P/E ratio of -425.90, a PEG ratio of 61.32 and a beta of 0.95.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.10. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%.The business had revenue of $898.19 million during the quarter, compared to analyst estimates of $876.96 million. During the same period last year, the company posted $0.89 EPS. The company’s revenue was up 24.9% compared to the same quarter last year. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. As a group, sell-side analysts predict that Zscaler, Inc. will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Robert Schlossman sold 3,146 shares of Zscaler 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 transaction, the insider directly owned 69,366 shares of the company’s stock, valued at $8,769,943.38. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jagtar Chaudhry sold 2,878 shares of the company’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 transaction of $363,865.54. Following the completion of the sale, the chief executive officer owned 343,038 shares of the company’s stock, valued at approximately $43,370,294.34. This trade 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. Insiders have sold a total of 16,772 shares of company stock worth $2,139,799 in the last quarter. 17.20% of the stock is currently owned by corporate insiders.

Zscaler Company Profile

Zscaler, Inc is a cloud-native cybersecurity company that provides security services designed to help organizations connect users, devices, applications and workloads securely over the internet. Its platform is built around a zero-trust security model, which verifies access based on identity, context and policy rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which secures access to internet and software-as-a-service applications, and Zscaler Private Access, which provides secure, policy-based access to private applications without requiring conventional virtual private networks.