Mediolanum International Funds Ltd Has $3.05 Million Stake in Zscaler, Inc. $ZS

Mediolanum International Funds Ltd cut its holdings in Zscaler, Inc. (NASDAQ:ZS) by 54.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,222 shares of the company’s stock after selling 26,915 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Zscaler were worth $3,050,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC raised its holdings in Zscaler by 19.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock valued at $285,000 after buying an additional 239 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Zscaler by 8.2% in the 1st quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock valued at $972,000 after purchasing an additional 370 shares during the last quarter. Empowered Funds LLC raised its stake in Zscaler by 9.2% during the first quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock worth $558,000 after buying an additional 238 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Zscaler in the second quarter valued at $252,000. Finally, Jump Financial LLC bought a new position in shares of Zscaler in the 2nd quarter worth about $3,019,000. Institutional investors own 46.45% of the company’s stock.

Zscaler Trading Down 0.1%

Shares of ZS opened at $149.82 on Tuesday. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99. The firm’s 50 day simple moving average is $143.87 and its 200 day simple moving average is $158.64. The company has a market capitalization of $24.23 billion, a P/E ratio of -312.12, a P/E/G ratio of 85.92 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The business had revenue of $850.48 million for the quarter, compared to analysts’ expectations of $835.14 million. During the same period last year, the business earned $0.84 earnings per share. The business’s quarterly revenue was up 25.4% on a year-over-year basis. 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 forecast that Zscaler, Inc. will post 0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Kevin Rubin sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $124.22, for a total transaction of $372,660.00. Following the sale, the chief financial officer owned 41,901 shares of the company’s stock, valued at $5,204,942.22. The trade was a 6.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Schlossman sold 3,146 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $397,748.78. Following the completion of the sale, the insider directly owned 69,366 shares in the company, valued at $8,769,943.38. This trade represents a 4.34% decrease in their ownership of the stock. 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. Over the last three months, insiders sold 15,766 shares of company stock worth $1,978,587. Insiders own 17.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $220.00 target price on shares of Zscaler in a research report on Wednesday, June 10th. Scotiabank lowered their price target on Zscaler from $190.00 to $175.00 and set a “sector outperform” rating for the company in a research report on Wednesday, May 27th. BMO Capital Markets lowered their target price on shares of Zscaler from $210.00 to $178.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Evercore set a $155.00 target price on Zscaler and gave the stock an “in-line” rating in a research note on Wednesday, May 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $180.00 price objective on shares of Zscaler in a research report on Wednesday, June 10th. Thirty-four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $214.21.

Zscaler Company 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.