Zscaler, Inc. $ZS Stock Holdings Boosted by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lifted its position in Zscaler, Inc. (NASDAQ:ZS) by 131.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,362 shares of the company’s stock after buying an additional 5,888 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Zscaler were worth $3,326,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Tradewinds Capital Management LLC raised its position in shares of Zscaler by 145.7% during the third quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock worth $26,000 after purchasing an additional 51 shares during the period. Root Financial Partners LLC acquired a new stake in Zscaler during the 3rd quarter worth about $26,000. McIlrath & Eck LLC acquired a new stake in Zscaler during the 3rd quarter worth about $29,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Zscaler by 81.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 131 shares of the company’s stock valued at $39,000 after buying an additional 59 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in shares of Zscaler by 48.9% during the third quarter. Spire Wealth Management now owns 131 shares of the company’s stock valued at $39,000 after acquiring an additional 43 shares during the period. 46.45% of the stock is owned by institutional investors.

Zscaler Trading Up 1.0%

Shares of Zscaler stock opened at $156.21 on Thursday. The company has a market cap of $25.12 billion, a price-to-earnings ratio of -371.93, a PEG ratio of 642.19 and a beta of 1.07. Zscaler, Inc. has a 1 year low of $140.56 and a 1 year high of $336.99. The company’s fifty day simple moving average is $194.30 and its 200-day simple moving average is $252.51. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.78.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. The firm had revenue of $815.75 million for the quarter, compared to analyst estimates of $798.92 million. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 earnings per share. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. As a group, sell-side analysts expect that Zscaler, Inc. will post -0.1 EPS for the current year.

Insider Transactions at Zscaler

In other news, EVP Raj Judge sold 3,438 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total value of $793,559.16. Following the completion of the sale, the executive vice president directly owned 70,394 shares in the company, valued at approximately $16,248,343.08. This trade represents a 4.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Schlossman sold 2,349 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $232.79, for a total transaction of $546,823.71. Following the transaction, the insider owned 74,653 shares in the company, valued at approximately $17,378,471.87. This trade represents a 3.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 19,350 shares of company stock valued at $4,471,509. 17.20% of the stock is owned by insiders.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Wells Fargo initiated coverage with an “Overweight” / $200 price target (and other outlets report a “strong‑buy” view), signaling fresh institutional conviction and providing upside vs. the current level. This likely supports buying interest. Zscaler receives Overweight rating as Wells Fargo initiates coverage
• Positive Sentiment: Zscaler reported stronger‑than‑expected FQ2 2026 results (revenue ~$816M, ARR +25% to $3.4B) and raised FY guidance, validating enterprise demand for its cloud security platform and supporting longer‑term growth expectations. Zscaler (ZS) Reports Record FQ2 2026 Revenue Driven by Massive Enterprise Adoption
• Positive Sentiment: Strategic partnerships and product expansion — notably an AI & Cyber Threat Research Center with Bharti Airtel and an expanded TCS partnership for AI‑powered solutions — bolster growth avenues in large and fast‑growing markets (India and enterprise AI/security). Zscaler Airtel AI Research Hub Tests Growth Potential Versus Rising Losses TCS Expands Strategic Partnership with Zscaler
• Neutral Sentiment: Media pieces are dissecting whether Wall Street’s bullish analyst consensus is a reliable buy signal; these narratives can create short‑term headline volatility but don’t change fundamentals. Is It Worth Investing in Zscaler (ZS) Based on Wall Street’s Bullish Views? Zacks analyst commentary
• Neutral Sentiment: Zscaler presented at the Morgan Stanley TMT conference; such investor events help reiterate strategy and can influence sentiment if management provides new guidance or color. Zscaler presentation transcript
• Negative Sentiment: Unusually high put‑option activity (≈40,282 puts, +85% vs. typical volume) suggests elevated bearish positioning or hedging by traders, which can amplify downside pressure or volatility near-term.
• Negative Sentiment: Citigroup has lowered its expectations for ZS, reflecting some sell‑side concern about near‑term valuation or growth risk; downward analyst revisions can weigh on the stock until offset by new positive catalysts. Citigroup Has Lowered Expectations for Zscaler

Wall Street Analyst Weigh In

ZS has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zscaler in a research note on Wednesday, January 21st. BTIG Research dropped their target price on Zscaler from $365.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. UBS Group reduced their price target on shares of Zscaler from $350.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Capital One Financial set a $320.00 price objective on shares of Zscaler and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Finally, Mizuho dropped their target price on Zscaler from $265.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $267.92.

About Zscaler

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.