Keybank National Association OH Decreases Stake in Zscaler, Inc. $ZS

Keybank National Association OH reduced its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,957 shares of the company’s stock after selling 17,603 shares during the quarter. Keybank National Association OH owned 0.15% of Zscaler worth $72,805,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ZS. Federated Hermes Inc. increased its stake in Zscaler by 314.0% during the 2nd quarter. Federated Hermes Inc. now owns 1,171,983 shares of the company’s stock worth $367,932,000 after buying an additional 888,888 shares during the period. Vanguard Group Inc. grew its stake in shares of Zscaler by 8.3% during the second quarter. Vanguard Group Inc. now owns 10,715,132 shares of the company’s stock valued at $3,363,909,000 after acquiring an additional 824,626 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Zscaler by 167.7% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 421,393 shares of the company’s stock worth $132,250,000 after acquiring an additional 263,982 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in shares of Zscaler by 131.4% in the second quarter. 1832 Asset Management L.P. now owns 461,800 shares of the company’s stock worth $144,977,000 after acquiring an additional 262,200 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Zscaler by 421.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 323,351 shares of the company’s stock valued at $101,513,000 after purchasing an additional 261,390 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Performance

Shares of ZS opened at $200.01 on Friday. The firm has a fifty day moving average of $229.16 and a 200-day moving average of $271.13. The company has a market cap of $31.90 billion, a price-to-earnings ratio of -769.24, a price-to-earnings-growth ratio of 3,297.49 and a beta of 1.02. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.82 and a current ratio of 1.82. Zscaler, Inc. has a 1 year low of $164.78 and a 1 year high of $336.99.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. The firm had revenue of $788.11 million during the quarter, compared to analyst estimates of $773.86 million. During the same period in the previous year, the business posted $0.77 EPS. Zscaler’s revenue was up 25.5% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS and its Q2 2026 guidance at 0.890-0.900 EPS. As a group, equities analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Jagtar Singh Chaudhry sold 2,843 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total transaction of $656,221.26. Following the transaction, the chief executive officer directly owned 347,857 shares of the company’s stock, valued at approximately $80,292,352.74. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam Geller sold 2,060 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total transaction of $475,489.20. Following the completion of the transaction, the insider owned 52,148 shares of the company’s stock, valued at $12,036,801.36. This represents a 3.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 19,350 shares of company stock valued at $4,471,509. Company insiders own 17.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ZS shares. Mizuho upgraded Zscaler from a “neutral” rating to an “outperform” rating and set a $310.00 target price for the company in a research note on Tuesday, December 16th. Robert W. Baird raised their price objective on shares of Zscaler from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Wedbush upped their target price on shares of Zscaler from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, November 10th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Zscaler in a research report on Wednesday, November 26th. Finally, Barclays boosted their price objective on Zscaler from $320.00 to $350.00 and gave the company an “overweight” rating in a report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and an average price target of $317.63.

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.