294,959 Shares in Zscaler, Inc. $ZS Purchased by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab acquired a new position in Zscaler, Inc. (NASDAQ:ZS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 294,959 shares of the company’s stock, valued at approximately $88,387,000. Zscaler accounts for approximately 1.4% of Danica Pension Livsforsikringsaktieselskab’s investment portfolio, making the stock its 28th biggest holding. Danica Pension Livsforsikringsaktieselskab owned about 0.19% of Zscaler at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Westpac Banking Corp increased its holdings in shares of Zscaler by 919.0% during the third quarter. Westpac Banking Corp now owns 9,986 shares of the company’s stock valued at $2,992,000 after acquiring an additional 9,006 shares in the last quarter. Korea Investment CORP raised its position in shares of Zscaler by 24.0% in the 3rd quarter. Korea Investment CORP now owns 98,370 shares of the company’s stock worth $29,478,000 after purchasing an additional 19,026 shares during the last quarter. VestGen Advisors LLC bought a new position in Zscaler in the 2nd quarter worth about $1,592,000. Mackenzie Financial Corp grew its position in Zscaler by 133.6% during the 2nd quarter. Mackenzie Financial Corp now owns 14,780 shares of the company’s stock valued at $4,640,000 after purchasing an additional 8,454 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in Zscaler by 11.5% during the 2nd quarter. Schroder Investment Management Group now owns 164,061 shares of the company’s stock valued at $51,505,000 after purchasing an additional 16,868 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Performance

Shares of NASDAQ ZS opened at $156.00 on Wednesday. The firm’s 50-day moving average price is $181.98 and its 200-day moving average price is $244.98. Zscaler, Inc. has a 52-week low of $140.56 and a 52-week high of $336.99. The company has a market cap of $25.08 billion, a PE ratio of -371.43 and a beta of 1.07. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.78.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. The firm had revenue of $815.75 million during the quarter, compared to analysts’ expectations of $798.92 million. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the company earned $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, analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Morgan Stanley decreased their target price on shares of Zscaler from $305.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Truist Financial cut their price target on shares of Zscaler from $350.00 to $250.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Barclays set a $220.00 price target on shares of Zscaler in a research report on Thursday, February 19th. Stifel Nicolaus decreased their price objective on shares of Zscaler from $330.00 to $320.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Finally, Sanford C. Bernstein raised Zscaler from a “market perform” rating to an “outperform” rating and set a $228.00 price objective on the stock in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and an average target price of $267.13.

Insiders Place Their Bets

In other Zscaler news, Director James A. Beer sold 653 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $226.72, for a total value of $148,048.16. Following the transaction, the director directly owned 3,485 shares of the company’s stock, valued at approximately $790,119.20. This trade represents a 15.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.20% of the company’s stock.

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.