Bank of New York Mellon Corp Buys 36,420 Shares of Zscaler, Inc. $ZS

Bank of New York Mellon Corp lifted its stake in Zscaler, Inc. (NASDAQ:ZS) by 7.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 494,734 shares of the company’s stock after buying an additional 36,420 shares during the quarter. Bank of New York Mellon Corp’s holdings in Zscaler were worth $69,406,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Binnacle Investments Inc purchased a new position in Zscaler during the third quarter valued at $25,000. AlphaCentric Advisors LLC bought a new position in shares of Zscaler during the 4th quarter valued at about $29,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Zscaler in the fourth quarter worth about $30,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Zscaler in the fourth quarter worth about $32,000. Finally, Family CFO Inc purchased a new stake in shares of Zscaler in the fourth quarter worth about $34,000. Institutional investors own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ZS. Wedbush restated an “outperform” rating and set a $220.00 price target on shares of Zscaler in a report on Wednesday, June 10th. Stephens restated an “overweight” rating and issued a $200.00 price target on shares of Zscaler in a research report on Friday, June 12th. 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, May 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Zscaler from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $225.00 price objective on shares of Zscaler in a research note on Wednesday, June 10th. Thirty-four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $214.21.

Zscaler Stock Down 4.3%

Shares of NASDAQ ZS opened at $142.26 on Thursday. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99. The firm has a 50-day simple moving average of $143.71 and a two-hundred day simple moving average of $157.52. The company has a market cap of $23.00 billion, a P/E ratio of -296.37, a PEG ratio of 85.23 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $850.48 million for the quarter, compared to analysts’ expectations of $835.14 million. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The company’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. Research analysts anticipate that Zscaler, Inc. will post 0.12 earnings per share for the current year.

Insiders Place Their Bets

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $363,865.54. Following the transaction, the chief executive officer owned 343,038 shares of the company’s stock, valued at $43,370,294.34. This represents a 0.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Schlossman sold 3,146 shares of Zscaler stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $397,748.78. Following the sale, the insider owned 69,366 shares of the company’s stock, valued at approximately $8,769,943.38. This trade represents a 4.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 15,766 shares of company stock worth $1,978,587 in the last 90 days. 17.20% of the stock is owned by insiders.

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.