Zscaler, Inc. $ZS Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in Zscaler, Inc. (NASDAQ:ZS) by 96.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,757 shares of the company’s stock after acquiring an additional 3,323 shares during the period. Principal Financial Group Inc.’s holdings in Zscaler were worth $948,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its holdings in Zscaler by 43.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company’s stock valued at $578,576,000 after purchasing an additional 777,414 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Zscaler by 61.8% during the third quarter. AQR Capital Management LLC now owns 1,941,571 shares of the company’s stock worth $576,083,000 after purchasing an additional 741,756 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Zscaler by 52.5% during the first quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company’s stock worth $269,285,000 after purchasing an additional 661,413 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Zscaler during the third quarter worth about $109,440,000. Finally, First Trust Advisors LP boosted its position in shares of Zscaler by 15.9% in the fourth quarter. First Trust Advisors LP now owns 2,582,897 shares of the company’s stock worth $580,945,000 after buying an additional 354,763 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Price Performance

Shares of NASDAQ ZS opened at $151.20 on Friday. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. The business has a 50 day moving average price of $140.55 and a two-hundred day moving average price of $154.33. 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 firm has a market cap of $24.45 billion, a PE ratio of -314.99, a price-to-earnings-growth ratio of 85.04 and a beta of 0.96.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $850.48 million for 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 EPS. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Sell-side analysts expect that Zscaler, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZS has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $225.00 target price on shares of Zscaler in a research note on Wednesday, June 10th. Guggenheim reaffirmed a “buy” rating and issued a $214.00 price objective on shares of Zscaler in a research report on Wednesday, June 10th. Stephens reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of Zscaler in a research report on Friday, June 12th. Scotiabank dropped their price objective on shares of Zscaler from $190.00 to $175.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, May 27th. Finally, Piper Sandler reduced their target price on shares of Zscaler from $185.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. Thirty-four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and an average target price of $214.21.

Insider Activity at Zscaler

In other news, insider Robert Schlossman sold 3,146 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $397,748.78. Following the sale, the insider owned 69,366 shares in the company, valued at approximately $8,769,943.38. This represents a 4.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jagtar Singh Chaudhry sold 2,878 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $363,865.54. Following the sale, the chief executive officer owned 343,038 shares in the company, valued at $43,370,294.34. The trade was a 0.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 16,269 shares of company stock worth $2,052,589 over the last quarter. Company insiders own 17.20% of the company’s stock.

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.