Keybank National Association OH Has $81.80 Million Stock Holdings in Zscaler, Inc. $ZS

Keybank National Association OH trimmed its position in Zscaler, Inc. (NASDAQ:ZS) by 16.2% during the second quarter, HoldingsChannel.com reports. The fund owned 260,560 shares of the company’s stock after selling 50,192 shares during the period. Keybank National Association OH’s holdings in Zscaler were worth $81,800,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ZS. SVB Wealth LLC acquired a new stake in shares of Zscaler in the 1st quarter valued at approximately $26,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Zscaler in the 1st quarter valued at approximately $29,000. Quaker Wealth Management LLC raised its position in shares of Zscaler by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 194 shares during the period. Exane Asset Management raised its position in shares of Zscaler by 185.7% in the 2nd quarter. Exane Asset Management now owns 100 shares of the company’s stock valued at $31,000 after acquiring an additional 65 shares during the period. Finally, Whittier Trust Co. acquired a new stake in shares of Zscaler in the 1st quarter valued at approximately $33,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Zscaler Price Performance

NASDAQ ZS opened at $320.96 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. Zscaler, Inc. has a 12-month low of $164.78 and a 12-month high of $329.30. The company has a market capitalization of $50.81 billion, a PE ratio of -1,188.74 and a beta of 1.06. The firm’s 50 day moving average is $293.54 and its 200-day moving average is $278.60.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The company had revenue of $719.23 million for the quarter, compared to the consensus estimate of $707.15 million. During the same period last year, the company earned $0.88 earnings per share. The firm’s revenue was up 21.3% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Equities research analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Zscaler

In related news, insider Adam Geller sold 10,464 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $284.25, for a total transaction of $2,974,392.00. Following the transaction, the insider directly owned 43,478 shares in the company, valued at approximately $12,358,621.50. The trade was a 19.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $804,205.50. Following the transaction, the chief executive officer owned 350,700 shares in the company, valued at approximately $98,441,490. The trade was a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 43,084 shares of company stock valued at $12,446,825 over the last ninety days. 18.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group cut their price target on shares of Zscaler from $365.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, September 3rd. Needham & Company LLC restated a “buy” rating and set a $350.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. Canaccord Genuity Group raised their target price on shares of Zscaler from $320.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. Wall Street Zen downgraded shares of Zscaler from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Finally, Evercore ISI raised their target price on shares of Zscaler from $290.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $307.86.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.