Artisan Partners Limited Partnership Has $144.67 Million Stock Position in Zscaler, Inc. $ZS

Artisan Partners Limited Partnership cut its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 482,769 shares of the company’s stock after selling 39,626 shares during the period. Artisan Partners Limited Partnership owned 0.30% of Zscaler worth $144,667,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. raised its stake in shares of Zscaler by 314.0% during the 2nd quarter. Federated Hermes Inc. now owns 1,171,983 shares of the company’s stock worth $367,932,000 after purchasing an additional 888,888 shares in the last quarter. Vanguard Group Inc. increased its holdings in Zscaler by 8.3% during the second quarter. Vanguard Group Inc. now owns 10,715,132 shares of the company’s stock worth $3,363,909,000 after buying an additional 824,626 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Zscaler by 167.7% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 421,393 shares of the company’s stock worth $132,250,000 after acquiring an additional 263,982 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in Zscaler by 131.4% in the second quarter. 1832 Asset Management L.P. now owns 461,800 shares of the company’s stock valued at $144,977,000 after acquiring an additional 262,200 shares during the last quarter. Finally, Jefferies Financial Group Inc. lifted its stake in Zscaler by 113.5% in the second quarter. Jefferies Financial Group Inc. now owns 24,000 shares of the company’s stock valued at $7,535,000 after acquiring an additional 201,267 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Insider Activity at Zscaler

In other Zscaler news, insider Adam Geller sold 1,620 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $232.79, for a total value of $377,119.80. Following the transaction, the insider owned 50,528 shares of the company’s stock, valued at approximately $11,762,413.12. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Raj Judge sold 3,438 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total value of $793,559.16. Following the sale, the executive vice president directly owned 70,394 shares of the company’s stock, valued at approximately $16,248,343.08. This represents a 4.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,350 shares of company stock valued at $4,471,509 in the last ninety days. Insiders own 17.20% of the company’s stock.

Zscaler News Summary

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Beat on earnings and revenue: Zscaler reported $1.01 GAAP-adjusted EPS and $815.8M revenue, both above consensus, showing 26% revenue growth year-over-year. Zscaler (ZS) Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Strong ARR and cash flow: ARR rose ~25% to $3.36B and operating/free cash flow improved, and the company raised ARR guidance to ~24%, supporting longer-term subscription growth expectations. Zscaler Announces Strong Second-Quarter Fiscal 2026 Results; Raises Fiscal 2026 ARR Guidance to 24%
• Positive Sentiment: Raised profitability guidance: Zscaler issued Q3 and FY‑2026 EPS targets that were above street EPS expectations, indicating management expects improving adjusted profitability. Press Release / Earnings Presentation
• Neutral Sentiment: AI/security momentum: Analysts and commentary highlighted rapid growth in Zscaler’s AI Security initiatives (a new revenue pillar), which could offset SaaS-seat risks over time but remains early-stage for valuation proof. Zscaler’s AI-Powered Security: A Compelling Case For Aggressive Growth Investors
• Negative Sentiment: Wider net loss on higher spending: The company reported a larger GAAP net loss driven by increased sales, marketing and R&D investment in a competitive market — a key reason for the post‑close share decline. Zscaler posts wider quarterly loss on higher spending; shares down 9%
• Negative Sentiment: Lowered revenue outlook / guidance confusion: Some reports and analyst takes flagged a reduced FY revenue outlook or more cautious revenue commentary, which compounded investor concern despite EPS beats. ZScaler Stock Drops After Q2 Earnings, Lowered Revenue Guidance
• Negative Sentiment: Analyst pushback and downgrades: Following the print, several firms issued cautious takes or price-target cuts, increasing near-term selling pressure. Zscaler (NASDAQ:ZS) Shares Down 8.6% Following Analyst Downgrade

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ZS. HC Wainwright reissued a “buy” rating on shares of Zscaler in a research report on Wednesday, November 26th. Wedbush lifted their price target on Zscaler from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, November 10th. Robert W. Baird lowered their price target on Zscaler from $360.00 to $300.00 and set an “outperform” rating on the stock in a research report on Monday. Mizuho cut their price objective on Zscaler from $310.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Finally, Sanford C. Bernstein upgraded Zscaler from a “market perform” rating to an “outperform” rating and set a $228.00 target price for the company in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $293.84.

Zscaler Stock Up 7.5%

Zscaler stock opened at $167.36 on Friday. Zscaler, Inc. has a fifty-two week low of $141.56 and a fifty-two week high of $336.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.82 and a current ratio of 1.82. The firm’s 50-day simple moving average is $200.63 and its 200 day simple moving average is $256.06. The stock has a market cap of $26.69 billion, a PE ratio of -643.67, a price-to-earnings-growth ratio of 317.40 and a beta of 1.02.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, November 25th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.85 by $0.11. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. The firm had revenue of $788.11 million for the quarter, compared to analysts’ expectations of $773.86 million. During the same quarter last year, the firm earned $0.77 EPS. The company’s quarterly revenue was up 25.5% compared to the same quarter last year. Research analysts predict that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Zscaler Profile

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.