State of New Jersey Common Pension Fund D Grows Stock Position in Zscaler, Inc. $ZS

State of New Jersey Common Pension Fund D raised its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 1.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 32,960 shares of the company’s stock after buying an additional 323 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Zscaler were worth $10,347,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ZS. T. Rowe Price Investment Management Inc. purchased a new position in shares of Zscaler during the 1st quarter valued at about $516,622,000. Nuveen LLC purchased a new stake in Zscaler during the 1st quarter worth approximately $153,340,000. Goldman Sachs Group Inc. increased its stake in Zscaler by 23.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock worth $604,831,000 after buying an additional 578,883 shares in the last quarter. Woodline Partners LP purchased a new stake in Zscaler during the 1st quarter worth approximately $70,340,000. Finally, Vanguard Group Inc. increased its stake in Zscaler by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock worth $1,962,474,000 after buying an additional 294,034 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $323.00 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. The company has a market cap of $51.13 billion, a P/E ratio of -1,196.30 and a beta of 1.06. Zscaler, Inc. has a 52 week low of $164.78 and a 52 week high of $327.39. The company has a 50-day moving average price of $290.53 and a 200 day moving average price of $275.43.

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

Insider Activity at Zscaler

In other Zscaler news, insider Robert Schlossman sold 7,006 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total value of $2,140,823.42. Following the completion of the transaction, the insider directly owned 76,132 shares of the company’s stock, valued at approximately $23,263,655.24. This trade represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam Geller sold 11,193 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $3,141,875.10. Following the completion of the transaction, the insider directly owned 53,942 shares of the company’s stock, valued at approximately $15,141,519.40. This trade represents a 17.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,084 shares of company stock valued at $12,446,825. 18.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wall Street Zen cut Zscaler from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Barclays upped their price objective on Zscaler from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 3rd. Needham & Company LLC reiterated a “buy” rating and set a $350.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. JMP Securities reiterated a “market outperform” rating and set a $355.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. Finally, Piper Sandler increased their target price on shares of Zscaler from $260.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $307.86.

Zscaler 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.