WT Asset Management Ltd Acquires Shares of 7,000 Zscaler, Inc. $ZS

WT Asset Management Ltd acquired a new stake in Zscaler, Inc. (NASDAQ:ZS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,000 shares of the company’s stock, valued at approximately $2,198,000. Zscaler makes up about 0.2% of WT Asset Management Ltd’s holdings, making the stock its 26th largest holding.

A number of other large investors have also recently made changes to their positions in ZS. Parallel Advisors LLC lifted its stake in shares of Zscaler by 35.5% in the first quarter. Parallel Advisors LLC now owns 462 shares of the company’s stock valued at $92,000 after buying an additional 121 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Zscaler by 3.7% in the first quarter. Rhumbline Advisers now owns 133,305 shares of the company’s stock valued at $26,450,000 after buying an additional 4,726 shares in the last quarter. Merit Financial Group LLC lifted its stake in shares of Zscaler by 42.0% in the first quarter. Merit Financial Group LLC now owns 6,197 shares of the company’s stock valued at $1,230,000 after buying an additional 1,832 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Zscaler by 295.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 158 shares of the company’s stock valued at $31,000 after buying an additional 118 shares in the last quarter. Finally, Armstrong Fleming & Moore Inc bought a new position in shares of Zscaler in the first quarter valued at $256,000. 46.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. B. Riley began coverage on shares of Zscaler in a research note on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 price objective on the stock. Wells Fargo & Company upgraded shares of Zscaler from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $260.00 to $385.00 in a report on Friday, June 13th. Evercore ISI increased their target price on shares of Zscaler from $290.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, September 3rd. Stifel Nicolaus increased their target price on shares of Zscaler from $295.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Finally, Royal Bank Of Canada increased their target price on shares of Zscaler from $335.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $307.43.

Zscaler Stock Performance

NASDAQ ZS opened at $305.41 on Friday. Zscaler, Inc. has a 52-week low of $164.78 and a 52-week high of $318.46. The company has a 50-day simple moving average of $282.18 and a 200 day simple moving average of $263.56. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $48.35 billion, a PE ratio of -1,131.15 and a beta of 1.06.

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, topping 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 business had revenue of $719.23 million during the quarter, compared to the consensus estimate of $707.15 million. During the same quarter last year, the company posted $0.88 earnings per share. The firm’s quarterly 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. On average, research analysts predict that Zscaler, Inc. will post -0.1 EPS for the current year.

Insider Activity at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $804,205.50. Following the completion of the sale, the chief executive officer owned 350,700 shares in the company, valued at approximately $98,441,490. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Schlossman sold 7,006 shares of Zscaler stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the completion of the transaction, the insider owned 76,132 shares of the company’s stock, valued at $23,263,655.24. The trade was a 8.43% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,884 shares of company stock worth $11,406,825. 18.10% of the stock is currently owned by corporate insiders.

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.