PNC Financial Services Group Inc. Reduces Stock Position in Zscaler, Inc. $ZS

PNC Financial Services Group Inc. decreased its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 8.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,821 shares of the company’s stock after selling 599 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Zscaler were worth $2,141,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ZS. T. Rowe Price Investment Management Inc. acquired a new stake in Zscaler during the first quarter worth about $516,622,000. Nuveen LLC purchased a new stake in shares of Zscaler during the 1st quarter valued at approximately $153,340,000. Goldman Sachs Group Inc. lifted its holdings in Zscaler by 23.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock valued at $604,831,000 after acquiring an additional 578,883 shares during the last quarter. Woodline Partners LP purchased a new position in Zscaler in the first quarter worth approximately $70,340,000. Finally, Vanguard Group Inc. increased its stake in Zscaler by 3.1% during the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock worth $1,962,474,000 after acquiring an additional 294,034 shares during the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Price Performance

Shares of NASDAQ ZS opened at $293.11 on Wednesday. The stock’s 50-day moving average is $305.81 and its two-hundred day moving average is $289.72. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market cap of $46.40 billion, a price-to-earnings ratio of -1,085.59 and a beta of 1.06. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $336.99.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $719.23 million during the quarter, compared to the consensus estimate of $707.15 million. During the same period in the previous year, the company posted $0.88 earnings per share. The business’s revenue for the quarter 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. Analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ZS. B. Riley initiated coverage on Zscaler in a research note on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Zscaler from $295.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. BMO Capital Markets boosted their price target on shares of Zscaler from $295.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. Canaccord Genuity Group lifted their target price on shares of Zscaler from $320.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, September 4th. Finally, Robert W. Baird boosted their target price on Zscaler from $330.00 to $345.00 and gave the company an “outperform” rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and a consensus target price of $316.65.

Insiders Place Their Bets

In related news, insider Robert Schlossman sold 3,200 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $325.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider directly owned 80,086 shares of the company’s stock, valued at $26,027,950. This represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Geller sold 10,464 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $284.25, for a total transaction of $2,974,392.00. Following the transaction, the insider directly owned 43,478 shares in the company, valued at $12,358,621.50. The trade was a 19.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 43,084 shares of company stock worth $12,446,825 over the last 90 days. Insiders own 18.10% of the company’s stock.

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.