Prime Capital Investment Advisors LLC Cuts Stock Holdings in Zscaler, Inc. $ZS

Prime Capital Investment Advisors LLC trimmed its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 22.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,344 shares of the company’s stock after selling 396 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Zscaler were worth $422,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ZS. T. Rowe Price Investment Management Inc. purchased a new position in shares of Zscaler in the 1st quarter valued at $516,622,000. Nuveen LLC purchased a new position in Zscaler in the first quarter valued at about $153,340,000. Goldman Sachs Group Inc. grew its stake in Zscaler by 23.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock valued at $604,831,000 after purchasing an additional 578,883 shares during the last quarter. Woodline Partners LP purchased a new position in Zscaler in the first quarter valued at about $70,340,000. Finally, Vanguard Group Inc. grew its stake in Zscaler by 3.1% in the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock valued at $1,962,474,000 after purchasing an additional 294,034 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $804,205.50. Following the sale, the chief executive officer owned 350,700 shares in the company, valued at $98,441,490. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Raj Judge sold 4,524 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the completion of the sale, the executive vice president directly owned 73,832 shares in the company, valued at $20,724,642.40. This trade represents a 5.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,884 shares of company stock worth $11,406,825 in the last ninety days. Corporate insiders own 18.10% of the company’s stock.

Zscaler Price Performance

Shares of ZS opened at $309.88 on Friday. The firm has a market capitalization of $49.05 billion, a PE ratio of -1,147.70 and a beta of 1.06. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $319.89. The company’s fifty day moving average price is $284.27 and its 200-day moving average price is $267.00.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZS. BTIG Research reaffirmed a “buy” rating on shares of Zscaler in a research report on Thursday, July 10th. Zacks Research raised shares of Zscaler from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. Barclays lifted their price target on shares of Zscaler from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. Rosenblatt Securities lifted their price target on shares of Zscaler from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $340.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. One 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 issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.43.

About Zscaler

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.