Dana Investment Advisors Inc. lowered its stake in shares of Zendesk Inc (NYSE:ZEN) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,547 shares of the software maker’s stock after selling 2,936 shares during the period. Dana Investment Advisors Inc.’s holdings in Zendesk were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Federated Investors Inc. PA boosted its holdings in Zendesk by 22.5% during the third quarter. Federated Investors Inc. PA now owns 396,488 shares of the software maker’s stock worth $28,150,000 after buying an additional 72,763 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Zendesk by 683.9% during the third quarter. Alliancebernstein L.P. now owns 1,070,764 shares of the software maker’s stock worth $76,024,000 after buying an additional 934,164 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Zendesk by 3,529.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,085 shares of the software maker’s stock worth $180,000 after buying an additional 3,000 shares in the last quarter. Shell Asset Management Co. purchased a new stake in Zendesk during the third quarter worth about $868,000. Finally, Ibex Investors LLC purchased a new stake in Zendesk during the third quarter worth about $219,000. 95.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE ZEN opened at $82.60 on Friday. Zendesk Inc has a 12-month low of $44.42 and a 12-month high of $83.83. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of -86.95 and a beta of 1.66. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.10.
Zendesk (NYSE:ZEN) last announced its quarterly earnings results on Tuesday, February 5th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.38. The company had revenue of $172.25 million for the quarter, compared to the consensus estimate of $165.56 million. Zendesk had a negative net margin of 21.89% and a negative return on equity of 24.19%. The company’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. On average, equities analysts predict that Zendesk Inc will post -0.96 EPS for the current fiscal year.
A number of research firms recently commented on ZEN. KeyCorp boosted their price objective on shares of Zendesk from $71.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, February 6th. Craig Hallum upped their price target on shares of Zendesk from $68.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, February 6th. Zacks Investment Research raised shares of Zendesk from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Sunday, January 6th. Canaccord Genuity upped their price target on shares of Zendesk from $65.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, February 6th. Finally, Stephens assumed coverage on shares of Zendesk in a report on Wednesday, January 16th. They issued an “overweight” rating and a $78.00 price target on the stock. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $77.44.
In related news, insider Adrian Mcdermott sold 2,241 shares of the company’s stock in a transaction that occurred on Thursday, January 17th. The shares were sold at an average price of $63.11, for a total transaction of $141,429.51. Following the transaction, the insider now owns 80,267 shares of the company’s stock, valued at $5,065,650.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mikkel Svane sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $78.61, for a total transaction of $3,930,500.00. Following the transaction, the chief executive officer now directly owns 1,470,029 shares in the company, valued at approximately $115,558,979.69. The disclosure for this sale can be found here. Insiders have sold 110,302 shares of company stock worth $8,142,103 in the last three months. Insiders own 4.70% of the company’s stock.
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Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.
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