Flinton Capital Management LLC grew its position in shares of Zendesk Inc (NYSE:ZEN) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,026 shares of the software maker’s stock after purchasing an additional 204 shares during the quarter. Flinton Capital Management LLC’s holdings in Zendesk were worth $269,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC purchased a new stake in Zendesk in the 1st quarter worth approximately $54,818,000. Neuberger Berman Group LLC grew its stake in Zendesk by 982.4% in the 1st quarter. Neuberger Berman Group LLC now owns 469,810 shares of the software maker’s stock worth $39,934,000 after acquiring an additional 426,405 shares during the period. AO Asset Management LP grew its stake in Zendesk by 171.0% in the 1st quarter. AO Asset Management LP now owns 476,700 shares of the software maker’s stock worth $40,520,000 after acquiring an additional 300,800 shares during the period. Janus Henderson Group PLC grew its stake in Zendesk by 10.3% in the 2nd quarter. Janus Henderson Group PLC now owns 3,180,927 shares of the software maker’s stock worth $283,198,000 after acquiring an additional 296,002 shares during the period. Finally, Half Sky Capital UK Ltd grew its stake in Zendesk by 207.0% in the 1st quarter. Half Sky Capital UK Ltd now owns 393,315 shares of the software maker’s stock worth $33,432,000 after acquiring an additional 265,200 shares during the period. 92.77% of the stock is currently owned by institutional investors.
Shares of NYSE:ZEN opened at $72.08 on Friday. The firm has a 50-day simple moving average of $77.37 and a 200 day simple moving average of $84.22. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.23. The company has a market cap of $8.15 billion, a PE ratio of -75.87 and a beta of 1.31. Zendesk Inc has a fifty-two week low of $45.60 and a fifty-two week high of $94.89.
Zendesk (NYSE:ZEN) last posted its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.33. Zendesk had a negative net margin of 23.70% and a negative return on equity of 27.44%. The business had revenue of $194.58 million during the quarter, compared to analysts’ expectations of $192.47 million. During the same period last year, the firm posted $0.03 earnings per share. The business’s revenue was up 37.1% on a year-over-year basis. As a group, research analysts forecast that Zendesk Inc will post -1.1 EPS for the current fiscal year.
Several analysts have recently issued reports on ZEN shares. Goldman Sachs Group started coverage on shares of Zendesk in a research note on Friday, June 7th. They set a “buy” rating and a $105.00 price objective for the company. Royal Bank of Canada lowered their price objective on shares of Zendesk from $109.00 to $106.00 and set an “outperform” rating for the company in a research note on Tuesday, September 3rd. Jefferies Financial Group boosted their price objective on shares of Zendesk from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. William Blair reissued a “buy” rating on shares of Zendesk in a research note on Wednesday, September 18th. Finally, UBS Group set a $98.00 price target on shares of Zendesk and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $98.09.
In other Zendesk news, SVP John Geschke sold 1,500 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $93.93, for a total value of $140,895.00. Following the completion of the sale, the senior vice president now owns 22,068 shares in the company, valued at approximately $2,072,847.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adrian Mcdermott sold 5,226 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $91.26, for a total transaction of $476,924.76. Following the transaction, the insider now owns 86,690 shares in the company, valued at approximately $7,911,329.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 258,078 shares of company stock valued at $20,163,616. 4.60% of the stock is owned by insiders.
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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