Envestnet Portfolio Solutions Inc. Takes $348,000 Position in Zscaler, Inc. $ZS

Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,110 shares of the company’s stock, valued at approximately $348,000.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Zscaler by 3.1% during the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock valued at $1,962,474,000 after buying an additional 294,034 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Zscaler by 23.4% during the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock valued at $604,831,000 after buying an additional 578,883 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in Zscaler during the first quarter worth approximately $516,622,000. AQR Capital Management LLC raised its holdings in Zscaler by 23.6% during the first quarter. AQR Capital Management LLC now owns 1,191,930 shares of the company’s stock worth $234,715,000 after purchasing an additional 227,899 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Zscaler during the first quarter worth approximately $153,340,000. Institutional investors own 46.45% of the company’s stock.

Zscaler Price Performance

NASDAQ ZS opened at $318.77 on Friday. The stock has a market capitalization of $50.46 billion, a P/E ratio of -1,180.63 and a beta of 1.06. Zscaler, Inc. has a 1 year low of $164.78 and a 1 year high of $319.89. The business’s fifty day moving average is $289.57 and its two-hundred day moving average is $273.74. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.09. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The company had revenue of $719.23 million for the quarter, compared to analysts’ expectations of $707.15 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. The firm’s revenue was up 21.3% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, research analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Activity

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $804,205.50. Following the sale, the chief executive officer directly owned 350,700 shares of the company’s stock, valued at $98,441,490. The trade was a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Geller sold 10,464 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $284.25, for a total transaction of $2,974,392.00. Following the transaction, the insider owned 43,478 shares in the company, valued at approximately $12,358,621.50. This represents a 19.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,884 shares of company stock valued at $11,406,825 in the last 90 days. Company insiders own 18.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on ZS shares. Barclays boosted their target price on Zscaler from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. Stifel Nicolaus boosted their target price on Zscaler from $295.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Royal Bank Of Canada boosted their target price on Zscaler from $335.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Zacks Research raised Zscaler from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Finally, Scotiabank dropped their target price on Zscaler from $360.00 to $334.00 and set a “sector outperform” rating on the stock in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $307.86.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.