National Pension Service Boosts Stake in Zscaler, Inc. $ZS

National Pension Service lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,825 shares of the company’s stock after acquiring an additional 5,962 shares during the quarter. National Pension Service owned 0.11% of Zscaler worth $40,446,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ZS. Binnacle Investments Inc purchased a new stake in shares of Zscaler during the 3rd quarter worth about $25,000. Picton Mahoney Asset Management purchased a new stake in shares of Zscaler during the 3rd quarter worth about $30,000. Family CFO Inc purchased a new stake in shares of Zscaler during the 4th quarter worth about $34,000. Missouri Trust & Investment Co boosted its stake in shares of Zscaler by 1,460.0% during the 3rd quarter. Missouri Trust & Investment Co now owns 156 shares of the company’s stock worth $47,000 after acquiring an additional 146 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Zscaler by 26,100.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 262 shares of the company’s stock worth $59,000 after acquiring an additional 261 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Stock Performance

Shares of Zscaler stock opened at $139.73 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average price is $144.36 and its 200 day moving average price is $188.63. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99. The firm has a market capitalization of $22.60 billion, a PE ratio of -291.10 and a beta of 0.97.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The business had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. During the same period last year, the company posted $0.84 EPS. The business’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, sell-side analysts predict that Zscaler, Inc. will post -0.03 EPS for the current fiscal year.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Despite the selloff, Zscaler reported strong fiscal Q3 results with revenue growth of about 25% year over year and earnings that beat estimates, which some analysts say supports the long-term cybersecurity demand story.
• Positive Sentiment: Some commentary argues the market may be overreacting to the guidance cut, pointing to Zscaler’s strong net retention and its role in AI-driven security workflows as reasons the stock could eventually recover. MarketBeat Zscaler page
• Neutral Sentiment: Zacks Research upgraded Zscaler from “strong sell” to “hold,” suggesting the recent drop may have improved the risk/reward profile, but it does not signal a clear bullish turn.
• Neutral Sentiment: Several articles discuss broader cybersecurity weakness tied to Google’s AI security platform launch and changing investor sentiment around software, which adds context but is not Zscaler-specific.
• Negative Sentiment: Wall Street’s main concern is the disappointing forward guidance, which overshadowed the earnings beat and raised questions about near-term growth and sales execution.
• Negative Sentiment: Reports of class-action and securities-fraud investigations may add overhang to the stock until management can rebuild confidence. Investor alert article

Insiders Place Their Bets

In other Zscaler news, insider Robert Schlossman sold 2,263 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total value of $354,363.17. Following the transaction, the insider directly owned 72,390 shares of the company’s stock, valued at $11,335,550.10. This trade represents a 3.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kevin Rubin sold 1,682 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $263,384.38. Following the completion of the transaction, the chief financial officer directly owned 46,479 shares in the company, valued at $7,278,146.61. This trade represents a 3.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 12,130 shares of company stock worth $1,892,487. 17.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Piper Sandler decreased their price target on shares of Zscaler from $185.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday. BTIG Research reaffirmed a “neutral” rating on shares of Zscaler in a research note on Thursday, April 9th. Truist Financial set a $210.00 price target on shares of Zscaler in a research note on Wednesday. Robert W. Baird decreased their price target on shares of Zscaler from $265.00 to $230.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Zscaler from $250.00 to $205.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. Thirty-two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $216.08.

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.