Zendesk Inc (ZEN) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Zendesk Inc (NYSE:ZEN) by 47.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,723 shares of the software maker’s stock after acquiring an additional 1,836 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Zendesk were worth $194,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Advisor Group Inc. increased its stake in Zendesk by 44.3% in the second quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock valued at $103,000 after acquiring an additional 1,137 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Zendesk by 21.7% in the second quarter. Ameritas Investment Partners Inc. now owns 8,533 shares of the software maker’s stock valued at $237,000 after acquiring an additional 1,521 shares during the last quarter. Royal Bank of Canada increased its stake in Zendesk by 4.3% in the second quarter. Royal Bank of Canada now owns 39,323 shares of the software maker’s stock valued at $1,093,000 after acquiring an additional 1,605 shares during the last quarter. Engineers Gate Manager LP increased its stake in Zendesk by 8.9% in the third quarter. Engineers Gate Manager LP now owns 26,500 shares of the software maker’s stock valued at $771,000 after acquiring an additional 2,156 shares during the last quarter. Finally, ING Groep NV increased its stake in Zendesk by 8.7% in the third quarter. ING Groep NV now owns 27,400 shares of the software maker’s stock valued at $798,000 after acquiring an additional 2,200 shares during the last quarter. 92.33% of the stock is currently owned by institutional investors and hedge funds.

Zendesk Inc (ZEN) opened at $42.95 on Friday. Zendesk Inc has a 12 month low of $24.49 and a 12 month high of $43.83.

Zendesk (NYSE:ZEN) last posted its earnings results on Tuesday, February 6th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The company had revenue of $123.43 million for the quarter, compared to analysts’ expectations of $119.68 million. Zendesk had a negative return on equity of 32.88% and a negative net margin of 25.70%. Zendesk’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period last year, the firm earned ($0.04) earnings per share. research analysts expect that Zendesk Inc will post -1 EPS for the current year.

ZEN has been the topic of a number of research analyst reports. Wells Fargo & Co reissued an “outperform” rating and issued a $40.00 target price (up previously from $32.00) on shares of Zendesk in a research note on Thursday, November 2nd. Morgan Stanley raised their price objective on Zendesk from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Canaccord Genuity raised their price objective on Zendesk from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Stifel Nicolaus reaffirmed a “neutral” rating on shares of Zendesk in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised Zendesk from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $40.31.

In related news, CFO Elena Gomez sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $33.66, for a total value of $40,392.00. Following the sale, the chief financial officer now directly owns 2,535 shares of the company’s stock, valued at $85,328.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adrian Mcdermott sold 1,425 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $43.00, for a total value of $61,275.00. The disclosure for this sale can be found here. Insiders sold 161,858 shares of company stock worth $6,360,478 over the last three months. 5.30% of the stock is owned by insiders.

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Zendesk Profile

Zendesk, Inc (Zendesk) is a software development company. The Zendesk family of products is built to work together to help organizations understand and manage customer relationships. All Zendesk products share a common interface and are being developed to support a shared services infrastructure and common customer data platform.

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Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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