Pinebridge Investments LLC Purchases Shares of 82,276 Zscaler, Inc. $ZS

Pinebridge Investments LLC purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 82,276 shares of the company’s stock, valued at approximately $18,506,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Zscaler by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 11,423,424 shares of the company’s stock worth $2,569,357,000 after buying an additional 55,521 shares in the last quarter. Groupama Asset Managment lifted its position in shares of Zscaler by 76,352.6% during the 3rd quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock worth $1,423,385,000 after buying an additional 4,743,787 shares in the last quarter. State Street Corp lifted its position in shares of Zscaler by 4.5% during the 3rd quarter. State Street Corp now owns 2,259,804 shares of the company’s stock worth $677,173,000 after buying an additional 97,366 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Zscaler by 9.5% during the 3rd quarter. First Trust Advisors LP now owns 2,228,134 shares of the company’s stock worth $667,682,000 after buying an additional 193,281 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of 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 buying an additional 98,140 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Trading Down 3.3%

NASDAQ:ZS opened at $130.78 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $21.15 billion, a PE ratio of -272.45 and a beta of 0.97. The firm’s 50 day moving average is $143.61 and its 200 day moving average is $183.43. Zscaler, Inc. has a 12 month low of $114.63 and a 12 month high of $336.99.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $850.48 million for the quarter, compared to analysts’ expectations of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. Zscaler’s revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous 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. Sell-side analysts expect that Zscaler, Inc. will post -0.03 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Kevin Rubin sold 1,682 shares of Zscaler stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total value of $263,384.38. Following the sale, the chief financial officer owned 46,479 shares of the company’s stock, valued at approximately $7,278,146.61. The trade was a 3.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Geller sold 2,094 shares of Zscaler stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total transaction of $321,491.82. Following the completion of the sale, the insider directly owned 46,949 shares in the company, valued at $7,208,079.97. This trade represents a 4.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,130 shares of company stock worth $1,892,487 in the last three months. Insiders own 17.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on ZS shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Zscaler from $185.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. BTIG Research reissued a “neutral” rating on shares of Zscaler in a research report on Thursday, April 9th. Berenberg Bank set a $200.00 target price on shares of Zscaler in a research report on Thursday, May 28th. Rosenblatt Securities dropped their target price on shares of Zscaler from $223.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Finally, Zacks Research raised shares of Zscaler from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Thirty-three 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $216.03.

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.