B of A Securities Upgrades Zscaler Outlook to Buy Amid Positive Fund Sentiments

On March 7, 2025, B of A Securities raised their outlook for Zscaler (LSE:0XVU) from Neutral to Buy.

Current Fund Sentiment for Zscaler

There are currently 1,260 funds and institutions reporting positions in Zscaler, indicating an increase of 79 owners or 6.69% over the last quarter. The average portfolio weight of all funds invested in 0XVU now stands at 0.14%, reflecting a rise of 13.67%. Over the past three months, total shares held by institutions surged by 7.40% to 83,369K shares.

Activity from Other Shareholders

Invesco QQQ Trust, Series 1 owns 3,112K shares, accounting for 2.03% of Zscaler. This marks an increase from their previous holding of 2,935K shares, a gain of 5.68%. The firm bolstered its portfolio allocation in 0XVU by 3.34% in the last quarter.

Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) holds 2,889K shares, or 1.88% of the company. This is a slight rise from 2,879K shares previously reported, reflecting a 0.33% increase in ownership. Their allocation in 0XVU increased by 4.35% over the last quarter.

American Century Companies owns 2,862K shares, making up 1.87% of Zscaler. This is a decrease from 2,934K shares reported earlier, representing a 2.53% decline. However, they still increased their position in 0XVU by 1.78% in the last quarter.

UBS Asset Management Americas has increased its stake to 2,601K shares, representing 1.70% ownership of Zscaler, up from 2,236K shares previously—an increase of 14.02%. Notably, the firm decreased its total exposure to 0XVU by 84.17% over the last quarter.

Goldman Sachs Group holds 2,480K shares, or 1.62% of the company. This is an increase of 3.35% from their prior holding of 2,397K shares. However, they reduced their portfolio allocation in 0XVU by 72.21% in the last quarter.

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This report originally appeared on Fintel.

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