Fifth Third Bancorp Has $783,000 Position in Zscaler, Inc. $ZS

Fifth Third Bancorp raised its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 399.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,584 shares of the company’s stock after purchasing an additional 4,466 shares during the quarter. Fifth Third Bancorp’s holdings in Zscaler were worth $783,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its position in shares of Zscaler by 19.9% during 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 in the last quarter. NewEdge Advisors LLC lifted its position in 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 acquiring an additional 370 shares in the last quarter. Empowered Funds LLC lifted its position in Zscaler by 9.2% in the 1st quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock valued at $558,000 after acquiring an additional 238 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Zscaler during the 2nd quarter valued at about $252,000. Finally, Jump Financial LLC acquired a new position in Zscaler during the 2nd quarter valued at about $3,019,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Activity at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,878 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 $363,865.54. Following the sale, the chief executive officer directly owned 343,038 shares in the company, valued at $43,370,294.34. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 2,817 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $122.60, for a total value of $345,364.20. Following the completion of the sale, the insider owned 42,314 shares in the company, valued at approximately $5,187,696.40. The trade was a 6.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 15,766 shares of company stock worth $1,978,587. Company insiders own 17.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ZS. Deutsche Bank Aktiengesellschaft lowered their price objective on Zscaler from $185.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Citizens Jmp cut their target price on Zscaler from $290.00 to $210.00 and set a “market outperform” rating on the stock in a research report on Friday, May 1st. Berenberg Bank set a $200.00 price target on Zscaler in a research report on Thursday, May 28th. Zacks Research raised Zscaler from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Zscaler in a research note on Tuesday, June 9th. Thirty-four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $214.21.

Zscaler Price Performance

ZS opened at $147.30 on Tuesday. The firm has a market cap of $23.82 billion, a P/E ratio of -306.87, a PEG ratio of 81.56 and a beta of 0.96. The firm has a 50-day moving average of $142.51 and a 200 day moving average of $155.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.01 by $0.07. The business had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. On average, research analysts expect that Zscaler, Inc. will post 0.12 EPS 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.