Westfield Capital Management Co. LP Buys Shares of 280,807 Zscaler, Inc. $ZS

Westfield Capital Management Co. LP purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS) in the 4th quarter, HoldingsChannel reports. The firm purchased 280,807 shares of the company’s stock, valued at approximately $63,159,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Binnacle Investments Inc acquired a new stake in shares of Zscaler during the third quarter worth $25,000. Picton Mahoney Asset Management acquired a new stake in shares of Zscaler during the third quarter worth $30,000. Family CFO Inc acquired a new stake in shares of Zscaler during the fourth quarter worth $34,000. Missouri Trust & Investment Co increased its position in shares of Zscaler by 1,460.0% during the third quarter. Missouri Trust & Investment Co now owns 156 shares of the company’s stock worth $47,000 after buying an additional 146 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Zscaler by 26,100.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 262 shares of the company’s stock worth $59,000 after buying an additional 261 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Activity at Zscaler

In related news, Director James A. Beer sold 177 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total value of $27,174.81. Following the sale, the director directly owned 4,384 shares in the company, valued at approximately $673,075.52. The trade was a 3.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin Rubin sold 1,682 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $263,384.38. Following the completion of the transaction, the chief financial officer owned 46,479 shares in the company, valued at approximately $7,278,146.61. This trade represents a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 12,130 shares of company stock worth $1,892,487. 17.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ZS has been the subject of several recent analyst reports. Scotiabank decreased their price objective on shares of Zscaler from $190.00 to $175.00 and set a “sector outperform” rating for the company in a research report on Wednesday, May 27th. JPMorgan Chase & Co. cut their target price on Zscaler from $250.00 to $205.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Berenberg Bank set a $200.00 target price on Zscaler in a report on Thursday, May 28th. BMO Capital Markets cut their target price on Zscaler from $210.00 to $178.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Finally, Piper Sandler cut their target price on Zscaler from $185.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, May 27th. Thirty-three 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. According to data from MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.03.

Zscaler Stock Performance

ZS stock opened at $130.78 on Friday. The firm has a market cap of $21.15 billion, a PE ratio of -272.45 and a beta of 0.97. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average of $143.61 and a 200-day moving average of $183.43. Zscaler, Inc. has a 12-month low of $114.63 and a 12-month high of $336.99.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.07. The company had revenue of $850.48 million during the quarter, compared to analyst estimates of $835.14 million. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.Zscaler’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. 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, sell-side analysts expect that Zscaler, Inc. will post -0.03 earnings per share for the current year.

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.