Zscaler, Inc. $ZS Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 5.4% during the 1st quarter, HoldingsChannel reports. The firm owned 167,823 shares of the company’s stock after selling 9,636 shares during the quarter. California Public Employees Retirement System’s holdings in Zscaler were worth $23,544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ZS. Kentucky Retirement Systems Insurance Trust Fund grew its position in Zscaler by 1.4% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,569 shares of the company’s stock worth $770,000 after acquiring an additional 36 shares during the period. Parallel Advisors LLC lifted its position in shares of Zscaler by 10.9% during the third quarter. Parallel Advisors LLC now owns 397 shares of the company’s stock worth $119,000 after purchasing an additional 39 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Zscaler by 7.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 648 shares of the company’s stock valued at $204,000 after buying an additional 45 shares during the period. Yousif Capital Management LLC grew its stake in Zscaler by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 1,326 shares of the company’s stock worth $274,000 after purchasing an additional 48 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Zscaler by 2.6% during the third quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock worth $611,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Price Performance

Shares of Zscaler stock opened at $142.26 on Thursday. 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, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99. The stock has a market capitalization of $23.00 billion, a P/E ratio of -296.37, a PEG ratio of 85.23 and a beta of 0.96. The business’s fifty day moving average price is $143.71 and its 200 day moving average price is $157.52.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 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 company 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 earnings per share. The firm’s revenue was up 25.4% compared to the same quarter last year. 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, research analysts anticipate that Zscaler, Inc. will post 0.12 earnings per share for the current year.

Insider Activity at Zscaler

In other Zscaler news, insider Adam Geller sold 2,817 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $122.60, for a total transaction of $345,364.20. Following the transaction, the insider directly owned 42,314 shares in the company, valued at $5,187,696.40. This represents a 6.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rubin sold 3,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $124.22, for a total transaction of $372,660.00. Following the transaction, the chief financial officer directly owned 41,901 shares of the company’s stock, valued at approximately $5,204,942.22. This represents a 6.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,766 shares of company stock worth $1,978,587 over the last three months. 17.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ZS shares. Stephens restated an “overweight” rating and set a $200.00 target price on shares of Zscaler in a research note on Friday, June 12th. HC Wainwright upgraded Zscaler from a “buy” rating to a “buy” rating in a research report on Monday, May 18th. Morgan Stanley dropped their price objective on shares of Zscaler from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 27th. Citigroup reissued a “market outperform” rating on shares of Zscaler in a research note on Wednesday, May 27th. Finally, BMO Capital Markets cut their price target on shares of Zscaler from $210.00 to $178.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Thirty-four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $214.21.

Zscaler Company 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.