Axa S.A. Trims Holdings in Zscaler, Inc. $ZS

Axa S.A. decreased its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 93.7% in the second quarter, HoldingsChannel reports. The firm owned 174,416 shares of the company’s stock after selling 2,574,216 shares during the quarter. Axa S.A.’s holdings in Zscaler were worth $54,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ZS. Atria Wealth Solutions Inc. lifted its stake in Zscaler by 16.5% during the 1st quarter. Atria Wealth Solutions Inc. now owns 3,455 shares of the company’s stock valued at $686,000 after acquiring an additional 490 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Zscaler by 12.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 424,547 shares of the company’s stock worth $84,239,000 after acquiring an additional 46,822 shares during the period. Townsquare Capital LLC raised its holdings in shares of Zscaler by 14.7% during the first quarter. Townsquare Capital LLC now owns 5,374 shares of the company’s stock worth $1,066,000 after purchasing an additional 687 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Zscaler during the first quarter valued at $508,000. Finally, Entropy Technologies LP acquired a new position in Zscaler during the first quarter valued at $689,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Scotiabank reduced their price objective on Zscaler from $334.00 to $320.00 and set a “sector outperform” rating for the company in a research note on Wednesday, November 26th. Guggenheim reaffirmed a “neutral” rating on shares of Zscaler in a report on Wednesday, September 3rd. Stifel Nicolaus reduced their price target on Zscaler from $330.00 to $320.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Barclays boosted their price target on Zscaler from $320.00 to $350.00 and gave the company an “overweight” rating in a report on Wednesday, November 12th. Finally, Bank of America dropped their price objective on shares of Zscaler from $355.00 to $335.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $321.87.

Insider Transactions at Zscaler

In other Zscaler news, EVP Raj Judge sold 4,524 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,269,886.80. Following the transaction, the executive vice president owned 73,832 shares in the company, valued at approximately $20,724,642.40. This trade represents a 5.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $804,205.50. Following the sale, the chief executive officer directly owned 350,700 shares in the company, valued at approximately $98,441,490. This trade represents a 0.81% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 43,084 shares of company stock worth $12,446,825. 17.20% of the stock is owned by insiders.

Zscaler Stock Performance

NASDAQ:ZS opened at $243.01 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market capitalization of $38.75 billion, a PE ratio of -934.62 and a beta of 1.07. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $336.99. The company has a fifty day moving average of $296.78 and a two-hundred day moving average of $291.26.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.11. The firm had revenue of $788.11 million during the quarter, compared to the consensus estimate of $773.86 million. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS and its Q2 2026 guidance at 0.890-0.900 EPS. As a group, research analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.