Piper Sandler Downgrades Zscaler from Overweight to Neutral

On May 30, 2025, Piper Sandler changed its rating for Zscaler (WBAG:ZSCA) from Overweight to Neutral.

Fund Sentiment Overview

A total of 1,285 funds currently hold positions in Zscaler, reflecting an increase of 20 investors or 1.58% in the last quarter. The average portfolio weight assigned to ZSCA by these funds is 0.25%, which marks a significant rise of 74.87%. Additionally, institutional ownership of shares grew by 11.50%, totaling 92,975K shares over the past three months.

Institutional Shareholder Activity

Invesco QQQ Trust, Series 1 now owns 3,158K shares, translating to 2.04% ownership, up from 3,112K shares, an increase of 1.45%. The firm raised its portfolio allocation in ZSCA by 19.71% over the last quarter.

UBS Asset Management Americas holds 3,128K shares, equating to 2.02% ownership, up from 2,601K shares, which is an increase of 16.85%. However, its portfolio allocation in ZSCA decreased by 80.40% during the same period.

American Century Companies holds 2,938K shares for a 1.90% stake, up from 2,862K shares, marking a 2.57% increase. The firm boosted its allocation in ZSCA by 20.58% recently.

The Vanguard Total Stock Market Index Fund Investor Shares owns 2,910K shares, 1.88% of the company, up from 2,889K shares, an increase of 0.72%. Its portfolio allocation in ZSCA was increased by 15.56% last quarter.

Goldman Sachs Group holds 2,842K shares, representing 1.84% ownership, up from 2,480K shares, which is a 12.72% increase. However, it reduced its allocation in ZSCA by 66.71% over the last quarter.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.