Ovata Capital Management Ltd Invests $873,000 in Zscaler, Inc. $ZS

Ovata Capital Management Ltd bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,880 shares of the company’s stock, valued at approximately $873,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position 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 in the last quarter. Groupama Asset Managment increased its position in Zscaler by 76,352.6% during the third quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock worth $1,423,385,000 after buying an additional 4,743,787 shares during the period. State Street Corp increased its position in Zscaler by 4.5% during the third quarter. State Street Corp now owns 2,259,804 shares of the company’s stock worth $677,173,000 after buying an additional 97,366 shares during the period. First Trust Advisors LP increased its position in Zscaler by 9.5% during the third quarter. First Trust Advisors LP now owns 2,228,134 shares of the company’s stock worth $667,682,000 after buying an additional 193,281 shares during the period. Finally, Geode Capital Management LLC increased its position in Zscaler by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company’s stock worth $464,783,000 after buying an additional 98,140 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Trading Up 0.7%

Shares of ZS stock opened at $135.26 on Friday. The business’s 50 day moving average is $143.79 and its two-hundred day moving average is $183.80. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99. The company has a market capitalization of $21.87 billion, a P/E ratio of -281.79 and a beta of 0.97. 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, 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 the consensus estimate of $835.14 million. During the same period in the previous year, the business earned $0.84 earnings per share. The company’s revenue for the quarter 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. Equities analysts forecast that Zscaler, Inc. will post -0.03 EPS for the current year.

Insider Transactions at Zscaler

In related news, insider Adam Geller sold 2,094 shares of Zscaler stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total value of $321,491.82. Following the sale, the insider directly owned 46,949 shares in the company, valued at $7,208,079.97. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Schlossman sold 2,263 shares of Zscaler stock in a transaction that occurred 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 completion of the sale, the insider owned 72,390 shares in the company, valued at approximately $11,335,550.10. This trade represents a 3.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 12,130 shares of company stock valued at $1,892,487. 17.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. FBN Securities reaffirmed an “outperform” rating and set a $175.00 price target on shares of Zscaler in a research report on Wednesday, May 27th. Mizuho cut their price target on Zscaler from $210.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Oppenheimer cut their price target on Zscaler from $280.00 to $250.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 10th. Barclays cut their price target on Zscaler from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. cut their price target on Zscaler from $250.00 to $205.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Thirty-three research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $216.03.

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.