Fideuram Intesa Sanpaolo Private Banking S.P.A. Lowers Stake in Zscaler, Inc. $ZS

Fideuram Intesa Sanpaolo Private Banking S.P.A. lessened its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 74.4% during the 1st quarter, Holdings Channel reports. The fund owned 3,464 shares of the company’s stock after selling 10,047 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Zscaler were worth $486,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. WD Rutherford LLC bought a new position in Zscaler in the first quarter worth about $682,000. USS Investment Management Ltd boosted its holdings in shares of Zscaler by 5.5% in the 1st quarter. USS Investment Management Ltd now owns 19,127 shares of the company’s stock valued at $2,683,000 after buying an additional 993 shares in the last quarter. GraniteShares Advisors LLC boosted its holdings in shares of Zscaler by 15.7% in the 1st quarter. GraniteShares Advisors LLC now owns 3,096 shares of the company’s stock valued at $434,000 after buying an additional 421 shares in the last quarter. SJS Investment Consulting Inc. grew its position in shares of Zscaler by 1,520.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 324 shares of the company’s stock worth $45,000 after buying an additional 304 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of Zscaler by 44.7% in the 1st quarter. Inspire Investing LLC now owns 2,966 shares of the company’s stock worth $416,000 after buying an additional 916 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Zscaler Stock Performance

NASDAQ ZS opened at $147.33 on Monday. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market capitalization of $23.82 billion, a PE ratio of -306.93, a P/E/G ratio of 92.12 and a beta of 0.96. The company has a fifty day moving average of $142.26 and a 200 day moving average of $165.05.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The business had revenue of $850.48 million for the quarter, compared to analysts’ expectations of $835.14 million. During the same quarter last year, the company earned $0.84 EPS. The business’s revenue was up 25.4% on a year-over-year basis. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Research analysts forecast that Zscaler, Inc. will post 0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ZS. Canaccord Genuity Group reissued a “buy” rating and set a $210.00 target price on shares of Zscaler in a research report on Thursday, June 11th. Scotiabank reduced their price target on Zscaler from $190.00 to $175.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, May 27th. Cantor Fitzgerald reiterated an “overweight” rating and set a $225.00 price objective on shares of Zscaler in a report on Wednesday, June 10th. TD Cowen reissued a “buy” rating on shares of Zscaler in a research report on Wednesday, May 27th. Finally, Guggenheim reissued a “buy” rating and issued a $214.00 price objective on shares of Zscaler in a research report on Wednesday, June 10th. Thirty-four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $213.97.

Insider Activity

In related news, insider Robert Schlossman sold 3,146 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $397,748.78. Following the completion of the transaction, the insider owned 69,366 shares of the company’s stock, valued at approximately $8,769,943.38. This represents a 4.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jagtar Singh Chaudhry sold 2,878 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $363,865.54. Following the transaction, the chief executive officer owned 343,038 shares in the company, valued at $43,370,294.34. This represents a 0.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 15,644 shares of company stock worth $1,960,287. 17.20% of the stock is currently owned by insiders.

Zscaler 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.