Great West Life Assurance Co. Can boosted its holdings in shares of Zendesk Inc (NYSE:ZEN) by 17.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,552 shares of the software maker’s stock after buying an additional 2,201 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Zendesk were worth $1,233,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. US Bancorp DE lifted its position in Zendesk by 376.0% during the first quarter. US Bancorp DE now owns 595 shares of the software maker’s stock valued at $51,000 after purchasing an additional 470 shares during the period. New York State Common Retirement Fund lifted its position in Zendesk by 1.2% during the first quarter. New York State Common Retirement Fund now owns 216,340 shares of the software maker’s stock valued at $18,389,000 after purchasing an additional 2,565 shares during the period. Frontier Capital Management Co. LLC lifted its position in Zendesk by 3.2% during the first quarter. Frontier Capital Management Co. LLC now owns 147,977 shares of the software maker’s stock valued at $12,578,000 after purchasing an additional 4,595 shares during the period. Raymond James & Associates lifted its position in Zendesk by 95.6% during the first quarter. Raymond James & Associates now owns 10,397 shares of the software maker’s stock valued at $884,000 after purchasing an additional 5,081 shares during the period. Finally, Trillium Asset Management LLC lifted its position in Zendesk by 3.9% during the first quarter. Trillium Asset Management LLC now owns 43,083 shares of the software maker’s stock valued at $3,662,000 after purchasing an additional 1,614 shares during the period. 97.45% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on ZEN. Craig Hallum restated a “buy” rating and set a $110.00 target price (up from $84.00) on shares of Zendesk in a research report on Wednesday, May 1st. Canaccord Genuity boosted their target price on shares of Zendesk from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Bank of America restated a “buy” rating and set a $105.00 target price (up from $100.00) on shares of Zendesk in a research report on Wednesday, May 1st. Deutsche Bank boosted their target price on shares of Zendesk from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, March 29th. Finally, Zacks Investment Research downgraded shares of Zendesk from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $92.14.
Shares of Zendesk stock opened at $88.05 on Thursday. The stock has a market capitalization of $10.07 billion, a price-to-earnings ratio of -92.68 and a beta of 1.59. Zendesk Inc has a fifty-two week low of $45.60 and a fifty-two week high of $93.72. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.54 and a quick ratio of 1.54.
Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Tuesday, April 30th. The software maker reported ($0.28) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.28). The business had revenue of $181.48 million during the quarter, compared to the consensus estimate of $179.53 million. Zendesk had a negative net margin of 22.52% and a negative return on equity of 25.37%. The company’s revenue was up 39.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 earnings per share. On average, sell-side analysts predict that Zendesk Inc will post -1.07 earnings per share for the current year.
In other Zendesk news, CEO Mikkel Svane sold 50,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $85.75, for a total value of $4,287,500.00. Following the completion of the transaction, the chief executive officer now owns 1,424,521 shares in the company, valued at $122,152,675.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Elizabeth A. Nelson sold 10,000 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $88.04, for a total transaction of $880,400.00. Following the completion of the transaction, the director now owns 49,870 shares of the company’s stock, valued at approximately $4,390,554.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,523 shares of company stock valued at $9,756,227. Insiders own 4.60% 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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