39,796 Zscaler, Inc. $ZS Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 23,272.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,967 shares of the company’s stock after acquiring an additional 39,796 shares during the period. Fulcrum Asset Management LLP’s holdings in Zscaler were worth $7,928,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its position in Zscaler by 89.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 60,933 shares of the company’s stock valued at $8,601,000 after buying an additional 28,792 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Zscaler by 6.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 193,297 shares of the company’s stock valued at $27,284,000 after buying an additional 11,941 shares during the period. Bank of America Corp DE raised its position in Zscaler by 44.3% during the 1st quarter. Bank of America Corp DE now owns 779,245 shares of the company’s stock worth $109,320,000 after buying an additional 239,326 shares during the last quarter. Krilogy Financial LLC raised its position in Zscaler by 163.0% during the 3rd quarter. Krilogy Financial LLC now owns 11,008 shares of the company’s stock worth $2,195,000 after buying an additional 6,822 shares during the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new position in Zscaler during the 2nd quarter worth $11,232,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler’s zero-trust security model could benefit from organizations modernizing remote access and protecting operational technology. Recent coverage described a customer’s VPN transition and discussed why OT environments need broader zero-trust protections; these are industry-use-case signals, not disclosed material deals. Zscaler Sales Engineer Interview Zscaler’s Nathan Howe on OT Zero Trust
• Neutral Sentiment: A comparison with Palo Alto Networks highlighted Zscaler’s cloud-native zero-trust presence among Fortune 500 companies, while noting Palo Alto’s push to bundle security services into a broader platform. This underscores Zscaler’s established position as well as competitive pressure. Palo Alto Networks vs. Zscaler
• Neutral Sentiment: Zscaler scheduled its fiscal 2027 first-quarter results and investor call for December 2, giving investors the next key opportunity to assess growth and outlook; the announcement itself provided no new financial results. Zscaler earnings call announcement
• Negative Sentiment: Recent selling has weighed on ZS alongside declines in other cybersecurity and software names. Coverage reported a 9.16% fall in the latest session and a 14% weekly decline, suggesting broad sector pressure is a near-term headwind. One analysis cited an average analyst price target of $235, but that is an estimate, not a near-term catalyst. Zscaler’s recent decline and analyst targets Why Zscaler dipped

Zscaler Price Performance

Shares of NASDAQ ZS opened at $197.66 on Monday. The firm has a market capitalization of $32.23 billion, a P/E ratio of -506.82, a PEG ratio of 18.79 and a beta of 0.82. Zscaler, Inc. has a one year low of $114.63 and a one year high of $333.90. The company’s fifty day moving average is $208.01 and its two-hundred day moving average is $167.67. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.10. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The business had revenue of $898.19 million during the quarter, compared to the consensus estimate of $876.96 million. During the same quarter last year, the firm posted $0.89 EPS. The business’s revenue was up 24.9% compared to the same quarter last year. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. Analysts forecast that Zscaler, Inc. will post 0.70 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ZS shares. Jefferies Financial Group raised their target price on shares of Zscaler from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Rosenblatt Securities set a $250.00 price target on shares of Zscaler in a research note on Wednesday, October 7th. Citigroup increased their price target on shares of Zscaler from $245.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, October 15th. UBS Group raised their price objective on shares of Zscaler from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. Finally, Stifel Nicolaus raised their price objective on shares of Zscaler from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. Thirty-six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $236.65.

Insider Activity at Zscaler

In other news, CFO Kevin Rubin sold 5,957 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $192.76, for a total transaction of $1,148,271.32. Following the sale, the chief financial officer owned 43,287 shares of the company’s stock, valued at $8,344,002.12. The trade was a 12.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 23,958 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $225.43, for a total value of $5,400,851.94. Following the completion of the sale, the insider owned 38,308 shares in the company, valued at approximately $8,635,772.44. This represents a 38.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 55,105 shares of company stock valued at $11,563,836. 17.20% of the stock is currently owned by corporate insiders.

Zscaler Profile

Zscaler, Inc is a cloud security company that provides services designed to help organizations protect users, applications, and data. Its platform, the Zscaler Zero Trust Exchange, connects users and devices to applications while applying security controls, rather than relying on traditional network boundaries.

The company’s offerings include Zscaler Internet Access for securing internet and software-as-a-service traffic, and Zscaler Private Access for providing secure access to private applications.