Westpac Banking Corp Sells 742 Shares of Zscaler, Inc. $ZS

Westpac Banking Corp reduced its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 43.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 980 shares of the company’s stock after selling 742 shares during the quarter. Westpac Banking Corp’s holdings in Zscaler were worth $308,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. acquired a new position in Zscaler during the second quarter worth about $4,516,000. Kingsview Wealth Management LLC grew its holdings in shares of Zscaler by 24.3% during the 2nd quarter. Kingsview Wealth Management LLC now owns 3,740 shares of the company’s stock valued at $1,174,000 after purchasing an additional 731 shares during the last quarter. Foundations Investment Advisors LLC increased its position in Zscaler by 17.2% during the 2nd quarter. Foundations Investment Advisors LLC now owns 7,719 shares of the company’s stock worth $2,423,000 after purchasing an additional 1,132 shares in the last quarter. Arcadia Investment Management Corp MI increased its position in Zscaler by 2.7% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 30,901 shares of the company’s stock worth $9,701,000 after purchasing an additional 815 shares in the last quarter. Finally, Donoghue Forlines LLC bought a new position in Zscaler in the 2nd quarter valued at approximately $2,830,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on ZS shares. Morgan Stanley boosted their target price on shares of Zscaler from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Robert W. Baird raised their price objective on Zscaler from $330.00 to $345.00 and gave the company an “outperform” rating in a report on Wednesday, September 3rd. Macquarie began coverage on Zscaler in a report on Friday, October 31st. They issued an “outperform” rating and a $390.00 target price for the company. JMP Securities reiterated a “market outperform” rating and issued a $355.00 target price on shares of Zscaler in a research report on Wednesday, September 3rd. Finally, Zacks Research raised Zscaler from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have given a Hold rating and one has given 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 $313.36.

Insider Activity

In other news, EVP Raj Judge sold 4,524 shares of the 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 represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler 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 directly owned 350,700 shares of the company’s stock, valued at $98,441,490. This represents a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 43,084 shares of company stock valued at $12,446,825. Company insiders own 18.10% of the company’s stock.

Zscaler Trading Down 1.5%

Shares of ZS stock opened at $294.92 on Tuesday. The stock has a market cap of $46.69 billion, a price-to-earnings ratio of -1,092.30 and a beta of 1.06. The stock has a 50-day moving average of $305.60 and a 200-day moving average of $289.28. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $336.99.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. The company had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The firm’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 earnings per share. 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 forecast that Zscaler, Inc. will post -0.1 earnings per share for the current year.

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.