Diversify Advisory Services LLC Has $1.13 Million Holdings in Zscaler, Inc. $ZS

Diversify Advisory Services LLC decreased its holdings in Zscaler, Inc. (NASDAQ:ZS) by 44.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,266 shares of the company’s stock after selling 4,299 shares during the period. Diversify Advisory Services LLC’s holdings in Zscaler were worth $1,127,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Groupama Asset Managment increased its holdings in shares of Zscaler by 76,352.6% during the 3rd quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock worth $1,423,385,000 after acquiring an additional 4,743,787 shares during the last quarter. AQR Capital Management LLC raised its stake in Zscaler by 61.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,941,571 shares of the company’s stock valued at $576,083,000 after acquiring an additional 741,756 shares during the period. Vanguard Group Inc. lifted its holdings in Zscaler by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 11,367,903 shares of the company’s stock valued at $3,406,506,000 after purchasing an additional 652,771 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Zscaler during the third quarter worth $109,440,000. Finally, Danica Pension Livsforsikringsaktieselskab bought a new position in Zscaler during the third quarter worth $88,387,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Some commentators view the sharp pullback as a potential buying opportunity if long-term cloud-security adoption remains intact; the Yahoo piece examines whether today’s weakness creates an entry point. Has The Zscaler (ZS) Share Price Slump Opened A Window Of Opportunity?
• Neutral Sentiment: Analysts and outlets are debating valuation — some ask whether the cybersecurity “boom” is already priced in, leaving limited upside absent reacceleration in growth. This framing is more analytical than immediately bullish or bearish. BTIG Cuts Zscaler to Neutral: Has the Cybersecurity Boom Already Been Priced Into This Stock?
• Negative Sentiment: BTIG downgraded ZS from Buy to Neutral (removing its price target), citing rising competition and a more cautious near-term outlook; that downgrade triggered heavy selling. This Analyst Just Cut Zscaler Stock to ‘Neutral.’ Here’s Why.
• Negative Sentiment: Market reaction was sharp: multiple outlets report ZS plunged intraday after the BTIG note (an ~8–9% move in morning trade), reflecting sentiment-driven downside risk in the near term. Why Zscaler (ZS) Shares Are Falling Today
• Negative Sentiment: Coverage notes Zscaler hit a 52-week low as Wall Street grows more worried about slowing growth and margin pressures, increasing the risk that negative sentiment persists until growth visibility improves. Zscaler hit 52-week low as Wall Street becomes worried over its slowing growth

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of Zscaler from $315.00 to $210.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Sanford C. Bernstein raised shares of Zscaler from a “market perform” rating to an “outperform” rating and set a $228.00 target price for the company in a report on Friday, February 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zscaler in a research note on Wednesday, January 21st. Truist Financial lowered 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. Finally, Wells Fargo & Company assumed coverage on shares of Zscaler in a research report on Tuesday, March 3rd. They set an “overweight” rating and a $200.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $267.86.

Zscaler Stock Performance

Shares of Zscaler stock opened at $118.05 on Monday. The firm has a 50-day moving average of $155.64 and a 200-day moving average of $226.98. The stock has a market cap of $18.98 billion, a PE ratio of -281.07 and a beta of 1.12. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Thursday, February 26th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The business had revenue of $815.75 million for the quarter, compared to the consensus estimate of $798.92 million. During the same period in the prior year, the company posted $0.78 earnings per share. Zscaler’s revenue was up 25.9% compared to the same quarter last year. 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 forecast that Zscaler, Inc. will post -0.1 EPS for the current year.

Insider Activity

In related news, CFO Kevin Rubin sold 1,682 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total value of $263,384.38. Following the completion of the sale, the chief financial officer directly owned 46,479 shares in the company, valued at approximately $7,278,146.61. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Adam Geller sold 2,094 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $153.53, for a total value of $321,491.82. Following the completion of the sale, the insider owned 46,949 shares of the company’s stock, valued at approximately $7,208,079.97. This trade represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 12,130 shares of company stock worth $1,892,487. Insiders own 17.20% of the company’s stock.

Zscaler Company 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.