Allstate Corp Raises Stock Holdings in Zscaler, Inc. $ZS

Allstate Corp raised its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 113.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,119 shares of the company’s stock after buying an additional 4,319 shares during the quarter. Allstate Corp’s holdings in Zscaler were worth $1,826,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Zscaler by 0.5% during the fourth 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 during the period. Groupama Asset Managment increased its holdings in shares of Zscaler by 76,352.6% during the third quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock valued at $1,423,385,000 after acquiring an additional 4,743,787 shares in the last quarter. State Street Corp increased its holdings in shares of Zscaler by 4.5% during the third quarter. State Street Corp now owns 2,259,804 shares of the company’s stock valued at $677,173,000 after acquiring an additional 97,366 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Zscaler by 9.5% during the third quarter. First Trust Advisors LP now owns 2,228,134 shares of the company’s stock valued at $667,682,000 after acquiring an additional 193,281 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Zscaler by 61.8% during the third 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 in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Analyst Upgrades and Downgrades

ZS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Zscaler from $250.00 to $205.00 and set an “overweight” rating for the company in a report on Wednesday. Barclays decreased their price objective on shares of Zscaler from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday. Robert W. Baird decreased their price objective on shares of Zscaler from $265.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday. Mizuho decreased their price objective on shares of Zscaler from $210.00 to $185.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Zscaler from $185.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday. Thirty-two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $216.08.

Zscaler Price Performance

NASDAQ ZS opened at $130.04 on Friday. The business’s fifty day moving average is $144.69 and its 200 day moving average is $189.97. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.90 and a current ratio of 1.86. The company has a market capitalization of $21.03 billion, a PE ratio of -270.91 and a beta of 0.96.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $835.14 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. Zscaler’s revenue for the quarter 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. Sell-side analysts predict that Zscaler, Inc. will post -0.03 earnings per share for the current year.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler beat quarterly expectations, with revenue and earnings topping estimates and annual recurring revenue still growing strongly, which suggests underlying demand remains healthy.
• Positive Sentiment: Several analysts reiterated positive ratings after the report, arguing that strong net retention and Zero Trust demand could support a recovery if execution improves.
• Neutral Sentiment: Multiple law firms announced investigations into possible securities claims after the stock’s decline, adding headline noise but not changing fundamentals directly.
• Negative Sentiment: The company’s cautious forward guidance, especially for revenue growth and customer acquisition, raised concerns that growth may slow more than investors expected.
• Negative Sentiment: Management pointed to sales leadership departures and a transition in the sales organization, which fueled worries about near-term pipeline and execution risk.

Insider Buying and Selling at Zscaler

In related news, EVP Raj Judge sold 2,488 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total value of $389,595.92. Following the completion of the transaction, the executive vice president owned 67,906 shares of the company’s stock, valued at approximately $10,633,400.54. This represents a 3.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James A. Beer sold 177 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total transaction of $27,174.81. Following the completion of the transaction, the director directly owned 4,384 shares of the company’s stock, valued at $673,075.52. This represents a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,130 shares of company stock valued at $1,892,487 in the last ninety days. 17.20% of the stock is currently owned by company insiders.

Zscaler 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.