Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes Position in Zscaler, Inc. $ZS

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Zscaler, Inc. (NASDAQ:ZS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,511 shares of the company’s stock, valued at approximately $3,039,000.

Several other large investors have also modified their holdings of ZS. Binnacle Investments Inc acquired a new position in shares of Zscaler in the 3rd quarter valued at $25,000. Root Financial Partners LLC acquired a new position in shares of Zscaler in the 3rd quarter valued at $26,000. Picton Mahoney Asset Management acquired a new position in shares of Zscaler in the 3rd quarter valued at $30,000. Family CFO Inc acquired a new position in shares of Zscaler in the 4th quarter valued at $34,000. Finally, Missouri Trust & Investment Co boosted its holdings in shares of Zscaler by 1,460.0% in the 3rd quarter. Missouri Trust & Investment Co now owns 156 shares of the company’s stock valued at $47,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling

In other news, CFO Kevin Rubin sold 1,682 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were 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 owned 46,479 shares in the company, valued at approximately $7,278,146.61. This trade represents a 3.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Schlossman sold 2,263 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $354,363.17. Following the completion of the sale, the insider owned 72,390 shares of the company’s stock, valued at $11,335,550.10. This trade represents a 3.03% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 12,130 shares of company stock worth $1,892,487. 17.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Rosenblatt Securities lowered their target price on shares of Zscaler from $250.00 to $223.00 and set a “buy” rating for the company in a report on Monday. Stephens lowered their target price on shares of Zscaler from $340.00 to $225.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Citizens Jmp decreased their price target on shares of Zscaler from $290.00 to $210.00 and set a “market outperform” rating for the company in a research note on Friday, May 1st. Sanford C. Bernstein began coverage on shares of Zscaler in a research note on Monday. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group decreased their price target on shares of Zscaler from $290.00 to $257.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.26.

Zscaler Stock Down 0.5%

Shares of NASDAQ:ZS opened at $174.45 on Thursday. The stock has a market cap of $28.05 billion, a P/E ratio of -415.36 and a beta of 0.96. The firm has a fifty day moving average price of $143.66 and a 200 day moving average price of $196.87. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.90 and a quick ratio of 1.90. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The firm had revenue of $815.75 million during the quarter, compared to analysts’ expectations of $798.92 million. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. Zscaler’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 EPS. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. Sell-side analysts predict that Zscaler, Inc. will post -0.03 EPS for the current year.

Key Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: B.Riley upgraded Zscaler from Neutral to Buy, which helped fuel a strong rally as investors responded to the more constructive analyst view. Why Is Zscaler (ZS) Stock Soaring Today
• Positive Sentiment: Zscaler reported stronger-than-expected quarterly results, raised full-year guidance, and highlighted growing demand tied to AI security and zero-trust adoption, supporting the stock’s recent rebound. Why Zscaler (ZS) Is Up 19.9% After Strong Results And New AI-Focused Zero-Trust Push
• Positive Sentiment: The company launched Project AI-Guardian with major global system integrators, expanding its AI security push and giving investors another catalyst for enterprise adoption. Zscaler Partners with Global System Integrators to Launch Project AI-Guardian to Help Accelerate Enterprise AI Adoption
• Positive Sentiment: UBS said Zscaler has a positive setup into upcoming earnings, while Oppenheimer said results are likely to be balanced to slightly above plan, suggesting expectations are manageable. Zscaler Setup Looks Positive Into Upcoming Earnings, UBS Says
• Neutral Sentiment: IGEL and Zscaler released healthcare security blueprints, a supportive partnership announcement that adds to the company’s broader product and ecosystem momentum. IGEL and Zscaler Release Healthcare Security Blueprints for Distributed Care Delivery
• Neutral Sentiment: Some commentary noted mixed signals from estimate revisions and relative performance versus peers, which could limit upside if earnings do not surprise meaningfully. Zscaler (ZS) Soars 8.5%: Is Further Upside Left in the Stock?

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.