Handelsbanken Fonder AB Grows Stock Holdings in Zscaler, Inc. $ZS

Handelsbanken Fonder AB increased its position in Zscaler, Inc. (NASDAQ:ZS) by 43.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 55,907 shares of the company’s stock after buying an additional 16,839 shares during the quarter. Handelsbanken Fonder AB’s holdings in Zscaler were worth $16,753,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ZS. Integrated Wealth Concepts LLC boosted its stake in shares of Zscaler by 19.9% in the first quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock worth $285,000 after acquiring an additional 239 shares during the period. NewEdge Advisors LLC lifted its holdings in Zscaler by 8.2% in the 1st quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock worth $972,000 after purchasing an additional 370 shares in the last quarter. Empowered Funds LLC boosted its stake in Zscaler by 9.2% in the 1st quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock worth $558,000 after purchasing an additional 238 shares during the period. Sivia Capital Partners LLC bought a new position in Zscaler in the 2nd quarter worth approximately $252,000. Finally, Nisa Investment Advisors LLC grew its holdings in Zscaler by 14.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 533 shares of the company’s stock valued at $167,000 after buying an additional 68 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Zscaler Stock Down 12.2%

Shares of NASDAQ ZS opened at $146.99 on Friday. The firm’s 50-day moving average price is $198.92 and its 200-day moving average price is $255.06. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $23.44 billion, a price-to-earnings ratio of -349.98, a P/E/G ratio of 299.64 and a beta of 1.02. Zscaler, Inc. has a 12-month low of $140.56 and a 12-month high of $336.99.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Thursday, February 26th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.89 by $0.12. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.The company had revenue of $815.75 million during the quarter, compared to analyst estimates of $798.92 million. During the same quarter last year, the business posted $0.78 earnings per share. The firm’s revenue was up 25.9% on a year-over-year basis. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. On average, equities research analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ZS. UBS Group lowered their target price on shares of Zscaler from $350.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Robert W. Baird reduced their price target on shares of Zscaler from $360.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Zscaler in a report on Wednesday, January 21st. Loop Capital set a $320.00 price objective on Zscaler in a research report on Thursday, December 11th. Finally, Wedbush lifted their target price on Zscaler from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and an average target price of $274.37.

Insider Transactions at Zscaler

In other news, insider Adam Geller sold 2,060 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total transaction of $475,489.20. Following the transaction, the insider owned 52,148 shares of the company’s stock, valued at approximately $12,036,801.36. The trade was a 3.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 value of $656,221.26. Following the completion of the sale, the chief executive officer owned 347,857 shares of the company’s stock, valued at approximately $80,292,352.74. This represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 19,350 shares of company stock worth $4,471,509. 17.20% of the stock is currently owned by corporate insiders.

Key Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Q2 results beat: adjusted EPS $1.01 vs. $0.89 est., revenue $815.8M vs. ~$799M est., and ARR grew ~25% year/year — signals demand momentum. GlobeNewswire: Q2 Results
• Positive Sentiment: Management is pitching AI security growth and new initiatives (AI Guard, agentic security, India AI/Cyber center with Airtel) as durable secular drivers that expand TAM beyond seat-based SaaS. CFO Interview Airtel AI Center
• Neutral Sentiment: Management issued updated forward guidance and commentary (Q3 EPS range and FY EPS range were provided), creating mixed signals that markets are parsing. Earnings Highlights
• Neutral Sentiment: Executives (CEO & CFO) gave interviews and the full call transcript is available — useful for investors wanting detail on churn, acquisitions and how AI monetization will scale. Earnings Call Transcript
• Negative Sentiment: Wider GAAP loss and higher spending: the company posted a larger net loss driven by increased sales, marketing and R&D, which pressured investor sentiment. Reuters: Wider Loss
• Negative Sentiment: Mixed/uncertain revenue outlook commentary: some outlets reported the company lowered aspects of its revenue outlook, creating confusion and weighing on the stock despite EPS beats. Benzinga: Revenue Guidance Report
• Negative Sentiment: Broad analyst price‑target cuts today from multiple firms (Canaccord, Morgan Stanley, Oppenheimer, Berenberg, Needham, and others) have amplified selling pressure even as many kept “buy/outperform” stances — the cuts compress perception of near‑term upside. MarketScreener: Analyst Cuts
• Negative Sentiment: Market reaction: investors appear to be focusing on margin/expense trajectory, competitive pressure and near-term revenue clarity rather than the company’s AI growth story — producing the stock decline. Seeking Alpha: Market Reaction

Zscaler Profile

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.