OVERSEA CHINESE BANKING Corp Ltd Takes Position in Zscaler, Inc. $ZS

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Zscaler, Inc. (NASDAQ:ZS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,080 shares of the company’s stock, valued at approximately $936,000.

Other large investors have also added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund increased its stake in Zscaler by 1.4% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,569 shares of the company’s stock valued at $770,000 after buying an additional 36 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Zscaler by 10.9% during the 3rd quarter. Parallel Advisors LLC now owns 397 shares of the company’s stock worth $119,000 after buying an additional 39 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Zscaler by 7.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 648 shares of the company’s stock valued at $204,000 after acquiring an additional 45 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Zscaler by 2.6% in the 3rd quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock valued at $611,000 after acquiring an additional 52 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Zscaler by 6.1% in the third quarter. Crossmark Global Holdings Inc. now owns 976 shares of the company’s stock valued at $292,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: KeyBanc raised its price target to $210 from a lower prior target, citing what it views as a valuation discount and potential for the cybersecurity company to regain investor confidence. KeyBanc upgrades Zscaler price target
• Positive Sentiment: Additional bullish analyst actions supported the stock. Mizuho lifted its price target to $210, Stifel Nicolaus raised its target to $200, and Cantor Fitzgerald assigned Zscaler an “Overweight” rating. The actions suggest Wall Street sees upside despite the stock’s sharp decline from its 52-week high. Mizuho raises Zscaler price target Stifel raises Zscaler price target Cantor Fitzgerald rates Zscaler Overweight
• Positive Sentiment: Rising AI-driven cyber threats reinforce demand for Zscaler’s platform. NTT DATA CEO Abhijit Dubey said frontier AI is making attacks more sophisticated, expanding the attack surface, and accelerating attacks to machine speed—an industry trend that could increase demand for cloud-based zero-trust security. AI and cybersecurity threats
• Positive Sentiment: Zscaler’s expanded Carahsoft partnership targets U.S. small and midsize businesses with standardized bundles, simpler pricing, and broader partner enablement. The initiative could diversify Zscaler’s customer base and create an additional growth channel beyond large enterprises. Zscaler and Carahsoft SMB partnership
• Negative Sentiment: AI-lab IPO speculation remains a risk to sentiment. Reports that Anthropic may pursue a massive public offering renewed concerns that investors could redirect capital from enterprise software stocks toward AI companies, contributing to recent pressure on Zscaler. Zscaler and AI IPO concerns

Insider Buying and Selling at Zscaler

In related news, insider Robert Schlossman sold 3,146 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $397,748.78. Following the transaction, the insider directly owned 69,366 shares in the company, valued at approximately $8,769,943.38. This represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Rubin sold 503 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $147.12, for a total transaction of $74,001.36. Following the transaction, the chief financial officer directly owned 41,398 shares in the company, valued at approximately $6,090,473.76. This represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 16,269 shares of company stock worth $2,052,589. Insiders own 17.20% of the company’s stock.

Zscaler Stock Performance

NASDAQ:ZS opened at $181.74 on Friday. The stock has a 50 day simple moving average of $151.10 and a 200 day simple moving average of $150.54. The stock has a market cap of $29.39 billion, a P/E ratio of -378.62, a PEG ratio of 68.66 and a beta of 0.94. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72.

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

Wall Street Analysts Forecast Growth

ZS has been the topic of several analyst reports. Guggenheim reiterated a “buy” rating and set a $214.00 target price on shares of Zscaler in a report on Wednesday, June 10th. BMO Capital Markets lowered their price target on Zscaler from $210.00 to $178.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Zscaler in a research note on Tuesday, June 9th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Zscaler in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. reduced their target price on Zscaler from $250.00 to $205.00 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. Thirty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and an average price target of $215.36.

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.