Assetmark Inc. Purchases 454 Shares of Zscaler, Inc. $ZS

Assetmark Inc. boosted its position in Zscaler, Inc. (NASDAQ:ZS) by 420.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 562 shares of the company’s stock after buying an additional 454 shares during the quarter. Assetmark Inc.’s holdings in Zscaler were worth $176,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quaker Wealth Management LLC raised its stake in Zscaler by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 194 shares in the last quarter. Exane Asset Management raised its position in Zscaler by 185.7% during the 2nd quarter. Exane Asset Management now owns 100 shares of the company’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Kozak & Associates Inc. acquired a new position in shares of Zscaler in the 2nd quarter worth approximately $35,000. SVB Wealth LLC acquired a new position in shares of Zscaler in the 1st quarter valued at about $26,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Zscaler during the 2nd quarter valued at $41,000. 46.45% of the stock is owned by institutional investors.

Zscaler Trading Up 0.7%

Shares of NASDAQ ZS opened at $320.01 on Friday. The company has a market cap of $50.66 billion, a PE ratio of -1,185.22 and a beta of 1.06. Zscaler, Inc. has a 52-week low of $164.78 and a 52-week high of $336.99. 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 firm’s 50 day moving average price is $300.92 and its 200-day moving average price is $284.76.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The business had revenue of $719.23 million during the quarter, compared to analyst estimates of $707.15 million. During the same quarter last year, the company earned $0.88 EPS. The company’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, equities research analysts expect that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on ZS shares. Scotiabank lowered their price objective on Zscaler from $360.00 to $334.00 and set a “sector outperform” rating for the company in a research note on Wednesday, September 3rd. Piper Sandler lifted their price target on Zscaler from $260.00 to $280.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Barclays raised their price target on shares of Zscaler from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, September 3rd. JMP Securities reiterated a “market outperform” rating and set a $355.00 target price on shares of Zscaler in a research report on Wednesday, September 3rd. Finally, Wedbush restated an “outperform” rating and issued a $330.00 target price on shares of Zscaler in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $310.14.

Insider Activity at Zscaler

In other Zscaler news, insider Robert Schlossman sold 3,200 shares of Zscaler stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $325.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider owned 80,086 shares of the company’s stock, valued at approximately $26,027,950. The trade was a 3.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam Geller sold 10,464 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $284.25, for a total value of $2,974,392.00. Following the sale, the insider owned 43,478 shares of the company’s stock, valued at approximately $12,358,621.50. This trade represents a 19.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 43,084 shares of company stock worth $12,446,825. Company insiders own 18.10% of the company’s stock.

Zscaler Company Profile

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.