AXQ Capital LP Acquires New Position in Zscaler, Inc. $ZS

AXQ Capital LP acquired a new stake in Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,844 shares of the company’s stock, valued at approximately $1,090,000.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Zscaler by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 11,423,424 shares of the company’s stock worth $2,569,357,000 after acquiring an additional 55,521 shares during the period. Groupama Asset Managment boosted its position in shares of Zscaler by 76,352.6% during the 3rd quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock worth $1,423,385,000 after purchasing an additional 4,743,787 shares during the period. State Street Corp increased its holdings in Zscaler by 4.5% in the 3rd quarter. State Street Corp now owns 2,259,804 shares of the company’s stock valued at $677,173,000 after purchasing an additional 97,366 shares during the last quarter. First Trust Advisors LP raised its position in Zscaler by 9.5% in the third quarter. First Trust Advisors LP now owns 2,228,134 shares of the company’s stock valued at $667,682,000 after purchasing an additional 193,281 shares during the period. Finally, Geode Capital Management LLC raised its position in Zscaler by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company’s stock valued at $464,783,000 after purchasing an additional 98,140 shares during the period. 46.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. B. Riley Financial lowered their price target on Zscaler from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Robert W. Baird cut their price target on Zscaler from $265.00 to $230.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Citigroup reaffirmed a “market outperform” rating on shares of Zscaler in a research report on Wednesday, May 27th. TD Cowen reiterated a “buy” rating on shares of Zscaler in a research note on Wednesday, May 27th. Finally, BTIG Research restated a “neutral” rating on shares of Zscaler in a research report on Thursday, April 9th. Thirty-three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.03.

Zscaler News Roundup

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Guggenheim upgraded Zscaler to Buy and set a $214 target, suggesting meaningful upside after the recent pullback. Why Is Zscaler (ZS) Stock Soaring Today
• Positive Sentiment: Zscaler broke above its 50-day moving average, a technical signal that may indicate short-term bullish momentum. Zscaler (ZS) Recently Broke Out Above the 50-Day Moving Average
• Positive Sentiment: Analyst price-target data still implies roughly 25% upside, and earnings estimate revisions have been trending favorably. Wall Street Analysts Think Zscaler (ZS) Could Surge 25.28%
• Neutral Sentiment: Management discussed earnings, AI adoption, and the Symmetry Systems acquisition on a CFO interview, but this appears informational rather than a fresh market-moving announcement. Zscaler (ZS) CFO on Earnings, AI Opportunity in Cybersecurity & Symmetry Systems Acquisition
• Negative Sentiment: Two shareholder-law-firm investigations into possible securities-law claims may add legal overhang and keep some investors cautious. SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Zscaler
• Negative Sentiment: Another securities-law investigation from Johnson Fistel could create additional headline risk. Zscaler, Inc. Shareholders Are Encouraged to Reach Out to Johnson Fistel

Insider Activity

In other Zscaler news, CFO Kevin Rubin sold 1,682 shares of Zscaler stock in a transaction 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 owned 46,479 shares in the company, valued at approximately $7,278,146.61. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Geller sold 2,094 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total transaction of $321,491.82. Following the completion of the transaction, the insider owned 46,949 shares in the company, valued at approximately $7,208,079.97. The trade was a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 12,130 shares of company stock valued at $1,892,487. 17.20% of the stock is currently owned by insiders.

Zscaler Trading Down 7.4%

Shares of ZS opened at $144.15 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market cap of $23.31 billion, a price-to-earnings ratio of -300.31 and a beta of 0.97. The firm has a 50 day moving average price of $144.37 and a 200-day moving average price of $187.40. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, topping 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 company had revenue of $850.48 million for the quarter, compared to analysts’ expectations of $835.14 million. During the same period last year, the firm earned $0.84 earnings per share. Zscaler’s quarterly 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. As a group, equities research analysts forecast that Zscaler, Inc. will post -0.03 earnings per share for the current year.

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.