Zscaler
About: Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler's offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.
Employees: 7,348
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
60% more repeat investments, than reductions
Existing positions increased: 323 | Existing positions reduced: 202
33% more funds holding in top 10
Funds holding in top 10: 6 [Q4 2024] → 8 (+2) [Q1 2025]
18% more capital invested
Capital invested by funds: $14.1B [Q4 2024] → $16.6B (+$2.52B) [Q1 2025]
18% more first-time investments, than exits
New positions opened: 114 | Existing positions closed: 97
5.06% more ownership
Funds ownership: 48.99% [Q4 2024] → 54.06% (+5.06%) [Q1 2025]
1% more funds holding
Funds holding: 738 [Q4 2024] → 743 (+5) [Q1 2025]
14% less call options, than puts
Call options by funds: $1.51B | Put options by funds: $1.77B
Research analyst outlook
28 Wall Street Analysts provided 1 year price targets over the past 3 months
28 analyst ratings
JMP Securities Trevor Walsh | 23%upside $355 | Market Outperform Maintained | 1 Jul 2025 |
UBS Roger Boyd | 26%upside $365 | Buy Maintained | 27 Jun 2025 |
JP Morgan Brian Essex | 20%upside $348 | Overweight Maintained | 16 Jun 2025 |
Wells Fargo Andrew Nowinski | 33%upside $385 | Overweight Upgraded | 13 Jun 2025 |
Cantor Fitzgerald Jonathan Ruykhaver | 17%upside $340 | Overweight Maintained | 11 Jun 2025 |
Financial journalist opinion
Based on 30 articles about ZS published over the past 30 days









