Axa S.A. Sells 2,574,216 Shares of Zscaler, Inc. $ZS

Axa S.A. lowered its position in Zscaler, Inc. (NASDAQ:ZS) by 93.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,416 shares of the company’s stock after selling 2,574,216 shares during the quarter. Axa S.A. owned about 0.11% of Zscaler worth $54,756,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Brookstone Capital Management bought a new stake in Zscaler during the 2nd quarter valued at $283,000. VestGen Advisors LLC purchased a new position in shares of Zscaler during the second quarter valued at $1,592,000. Mackenzie Financial Corp raised its holdings in shares of Zscaler by 133.6% in the second quarter. Mackenzie Financial Corp now owns 14,780 shares of the company’s stock valued at $4,640,000 after acquiring an additional 8,454 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Zscaler by 11.5% in the second quarter. Schroder Investment Management Group now owns 164,061 shares of the company’s stock valued at $51,505,000 after acquiring an additional 16,868 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its stake in Zscaler by 9.9% in the second quarter. Ensign Peak Advisors Inc now owns 395,391 shares of the company’s stock worth $124,129,000 after acquiring an additional 35,770 shares during the period. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Performance

Shares of ZS opened at $243.01 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.86. The firm has a market cap of $38.75 billion, a PE ratio of -934.62 and a beta of 1.07. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $336.99. The stock has a fifty day moving average price of $296.78 and a 200-day moving average price of $291.26.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.11. Zscaler had a negative return on equity of 0.12% and a negative net margin of 1.45%.The firm had revenue of $788.11 million for the quarter, compared to the consensus estimate of $773.86 million. During the same period in the previous year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS and its Q2 2026 guidance at 0.890-0.900 EPS. Equities research analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In related news, insider Adam Geller sold 11,193 shares of Zscaler stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $3,141,875.10. Following the completion of the sale, the insider directly owned 53,942 shares in the company, valued at $15,141,519.40. This trade represents a 17.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Schlossman sold 7,006 shares of the business’s stock in a transaction that occurred on 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 sale, the insider directly owned 76,132 shares in the company, valued at approximately $23,263,655.24. This represents a 8.43% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 43,084 shares of company stock worth $12,446,825. 17.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on ZS shares. Wedbush raised their target price on shares of Zscaler from $330.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, November 10th. Evercore ISI boosted their price objective on shares of Zscaler from $290.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 3rd. KeyCorp upped their target price on Zscaler from $345.00 to $350.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. Citizens Jmp reaffirmed a “market outperform” rating and set a $355.00 target price on shares of Zscaler in a research report on Wednesday, November 26th. Finally, Robert W. Baird boosted their price target on Zscaler from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.87.

Zscaler 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.