Assenagon Asset Management S.A. Sells 101,912 Shares of Zscaler, Inc. $ZS

Assenagon Asset Management S.A. decreased its position in Zscaler, Inc. (NASDAQ:ZS) by 51.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,041 shares of the company’s stock after selling 101,912 shares during the period. Assenagon Asset Management S.A.’s holdings in Zscaler were worth $21,377,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Groupama Asset Managment increased its holdings in Zscaler by 76,352.6% during the third quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock worth $1,423,385,000 after buying an additional 4,743,787 shares during the last quarter. Federated Hermes Inc. boosted its stake in Zscaler by 314.0% in the second quarter. Federated Hermes Inc. now owns 1,171,983 shares of the company’s stock valued at $367,932,000 after acquiring an additional 888,888 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Zscaler by 61.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,941,571 shares of the company’s stock valued at $576,083,000 after acquiring an additional 741,756 shares during the period. Vanguard Group Inc. grew its position in shares of Zscaler by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 11,367,903 shares of the company’s stock valued at $3,406,506,000 after acquiring an additional 652,771 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Zscaler during the 3rd quarter worth approximately $109,440,000. Institutional investors own 46.45% of the company’s stock.

Insiders Place Their Bets

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 1,941 shares of Zscaler stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $303,941.19. Following the completion of the transaction, the chief executive officer owned 345,916 shares of the company’s stock, valued at $54,166,986.44. The trade was a 0.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Raj Judge sold 2,488 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total value of $389,595.92. Following the sale, the executive vice president owned 67,906 shares in the company, valued at approximately $10,633,400.54. This represents a 3.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,783 shares of company stock worth $2,040,536 over the last quarter. Insiders own 17.20% of the company’s stock.

Zscaler Trading Up 1.5%

Shares of ZS stock opened at $141.50 on Friday. The company’s fifty day simple moving average is $172.15 and its two-hundred day simple moving average is $239.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.90 and a quick ratio of 1.90. Zscaler, Inc. has a 1 year low of $137.60 and a 1 year high of $336.99. The stock has a market capitalization of $22.75 billion, a price-to-earnings ratio of -336.90 and a beta of 1.07.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Thursday, February 26th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The firm had revenue of $815.75 million during the quarter, compared to analyst estimates of $798.92 million. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. As a group, analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Zacks Research cut shares of Zscaler from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Berenberg Bank decreased their target price on Zscaler from $390.00 to $320.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Stephens lowered their target price on Zscaler from $340.00 to $225.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $280.00 price target on shares of Zscaler in a research report on Tuesday, February 24th. Finally, Mizuho cut their price target on Zscaler from $265.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $267.13.

About Zscaler

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.