Bank of New York Mellon Corp Purchases 5,396 Shares of Zscaler, Inc. $ZS

Bank of New York Mellon Corp lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 458,314 shares of the company’s stock after purchasing an additional 5,396 shares during the period. Bank of New York Mellon Corp’s holdings in Zscaler were worth $103,084,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Westpac Banking Corp lifted its holdings in shares of Zscaler by 919.0% during the third quarter. Westpac Banking Corp now owns 9,986 shares of the company’s stock valued at $2,992,000 after purchasing an additional 9,006 shares in the last quarter. Korea Investment CORP lifted its stake in Zscaler by 24.0% during the 3rd quarter. Korea Investment CORP now owns 98,370 shares of the company’s stock valued at $29,478,000 after acquiring an additional 19,026 shares during the period. Qsemble Capital Management LP boosted its holdings in shares of Zscaler by 105.5% during the 4th quarter. Qsemble Capital Management LP now owns 15,773 shares of the company’s stock valued at $3,548,000 after acquiring an additional 8,099 shares during the last quarter. Oxbow Advisors LLC bought a new stake in shares of Zscaler in the fourth quarter worth approximately $2,939,000. Finally, Vinva Investment Management Ltd raised its holdings in shares of Zscaler by 136.1% during the third quarter. Vinva Investment Management Ltd now owns 11,347 shares of the company’s stock valued at $3,400,000 after purchasing an additional 6,541 shares during the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Zscaler news, insider Robert Schlossman sold 2,263 shares of the business’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 $354,363.17. Following the sale, the insider owned 72,390 shares in the company, valued at $11,335,550.10. The trade was a 3.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin Rubin sold 1,682 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total transaction of $263,384.38. Following the transaction, the chief financial officer directly owned 46,479 shares of the company’s stock, valued at $7,278,146.61. This trade represents a 3.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,130 shares of company stock worth $1,892,487 in the last 90 days. 17.20% of the stock is owned by company insiders.

Zscaler Price Performance

Shares of ZS opened at $130.78 on Monday. The business’s 50 day moving average is $143.61 and its 200 day moving average is $182.64. The company has a market capitalization of $21.15 billion, a PE ratio of -272.45 and a beta of 0.97. Zscaler, Inc. has a 12-month low of $114.63 and a 12-month high of $336.99. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.07. The business had revenue of $850.48 million during the quarter, compared to the consensus estimate of $835.14 million. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Research analysts expect that Zscaler, Inc. will post -0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ZS. Wedbush decreased their target price on shares of Zscaler from $300.00 to $220.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. KeyCorp boosted their price target on Zscaler from $160.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. The Goldman Sachs Group restated a “neutral” rating and set a $179.00 target price on shares of Zscaler in a research report on Wednesday, May 27th. BMO Capital Markets cut their price objective on shares of Zscaler from $210.00 to $178.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Finally, Guggenheim raised Zscaler from a “neutral” rating to a “buy” rating and set a $214.00 price target for the company in a report on Monday, June 1st. Thirty-three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $216.03.

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.