MassMutual Private Wealth & Trust FSB Buys 4,069 Shares of Zscaler, Inc. $ZS

MassMutual Private Wealth & Trust FSB lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 4,787.1% during the second quarter, HoldingsChannel reports. The firm owned 4,154 shares of the company’s stock after buying an additional 4,069 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Zscaler were worth $586,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Zscaler by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 11,423,424 shares of the company’s stock worth $2,569,357,000 after acquiring an additional 55,521 shares in the last quarter. First Trust Advisors LP grew its position in shares of Zscaler by 36.2% in the 1st quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock valued at $493,635,000 after purchasing an additional 935,781 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Zscaler by 43.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company’s stock valued at $578,576,000 after purchasing an additional 777,414 shares during the period. State Street Corp increased its stake in Zscaler by 3.4% during the 4th quarter. State Street Corp now owns 2,337,604 shares of the company’s stock worth $525,774,000 after purchasing an additional 77,800 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Zscaler by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company’s stock worth $464,783,000 after purchasing an additional 98,140 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Insiders Place Their Bets

In other Zscaler news, insider Robert Schlossman sold 3,146 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $397,748.78. Following the completion of the transaction, the insider owned 69,366 shares of the company’s stock, valued at approximately $8,769,943.38. The trade was a 4.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $122.60, for a total transaction of $345,364.20. Following the completion of the transaction, the insider directly owned 42,314 shares of the company’s stock, valued at $5,187,696.40. This trade represents a 6.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 16,269 shares of company stock worth $2,052,589. Insiders own 17.20% of the company’s stock.

Zscaler Price Performance

NASDAQ ZS opened at $161.65 on Thursday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. Zscaler, Inc. has a 12-month low of $114.63 and a 12-month high of $336.99. The company has a market capitalization of $26.14 billion, a PE ratio of -336.76, a price-to-earnings-growth ratio of 58.75 and a beta of 0.94. The firm’s 50 day moving average is $140.27 and its 200-day moving average is $152.75.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $835.14 million. During the same quarter in the prior year, the company posted $0.84 earnings per share. The firm’s 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. Equities research analysts anticipate that Zscaler, Inc. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on ZS shares. JPMorgan Chase & Co. cut their price target on shares of Zscaler from $250.00 to $205.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. HC Wainwright upgraded shares of Zscaler from a “buy” rating to a “buy” rating in a report on Monday, May 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Zscaler in a research report on Wednesday, June 10th. Piper Sandler reduced their target price on shares of Zscaler from $185.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. Finally, Zacks Research raised Zscaler from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. Thirty-four equities 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, Zscaler has an average rating of “Moderate Buy” and a consensus price target 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.