Victory Capital Management Inc. Purchases 16,721 Shares of Zscaler, Inc. $ZS

Victory Capital Management Inc. boosted its position in Zscaler, Inc. (NASDAQ:ZS) by 13.2% in the third quarter, Holdings Channel.com reports. The firm owned 143,397 shares of the company’s stock after purchasing an additional 16,721 shares during the quarter. Victory Capital Management Inc.’s holdings in Zscaler were worth $42,970,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. boosted its stake in shares of Zscaler by 314.0% during the second quarter. Federated Hermes Inc. now owns 1,171,983 shares of the company’s stock valued at $367,932,000 after purchasing an additional 888,888 shares in the last quarter. Vanguard Group Inc. increased its position in Zscaler by 8.3% in the 2nd 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 during the period. Skandinaviska Enskilda Banken AB publ increased its position in Zscaler by 167.7% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 421,393 shares of the company’s stock valued at $132,250,000 after acquiring an additional 263,982 shares during the period. 1832 Asset Management L.P. grew 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 purchasing an additional 262,200 shares during the last quarter. Finally, Jefferies Financial Group Inc. increased its holdings in Zscaler by 113.5% in the second quarter. Jefferies Financial Group Inc. now owns 24,000 shares of the company’s stock valued at $7,535,000 after purchasing an additional 201,267 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Insider Activity at Zscaler

In other news, EVP Raj Judge sold 3,438 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total transaction of $793,559.16. Following the completion of the sale, the executive vice president owned 70,394 shares of the company’s stock, valued at $16,248,343.08. This trade represents a 4.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James A. Beer sold 653 shares of Zscaler stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $226.72, for a total transaction of $148,048.16. Following the completion of the sale, the director owned 3,485 shares of the company’s stock, valued at $790,119.20. This represents a 15.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 19,350 shares of company stock worth $4,471,509. Corporate insiders own 17.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ZS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zscaler in a research report on Wednesday, January 21st. Wells Fargo & Company initiated coverage on Zscaler in a research report on Tuesday, March 3rd. They issued an “overweight” rating and a $200.00 price target on the stock. Barclays set a $220.00 target price on Zscaler in a report on Thursday, February 19th. Oppenheimer decreased their target price on shares of Zscaler from $345.00 to $280.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Finally, Piper Sandler lowered their price target on shares of Zscaler from $260.00 to $185.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $267.92.

Zscaler Stock Up 1.3%

Shares of NASDAQ:ZS opened at $164.06 on Friday. Zscaler, Inc. has a 1 year low of $140.56 and a 1 year high of $336.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.90 and a quick ratio of 1.90. The business’s 50-day moving average is $191.63 and its 200-day moving average is $250.93. The company has a market capitalization of $26.38 billion, a price-to-earnings ratio of -390.62 and a beta of 1.07.

Zscaler (NASDAQ:ZS) last released its 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. The business had revenue of $815.75 million during the quarter, compared to analysts’ expectations of $798.92 million. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.The firm’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. Equities research analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current year.

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.