Neuberger Berman Group LLC Has $873,000 Stake in Zendesk, Inc. (ZEN)
Neuberger Berman Group LLC lifted its holdings in shares of Zendesk, Inc. (NYSE:ZEN) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,429 shares of the software maker’s stock after purchasing an additional 950 shares during the quarter. Neuberger Berman Group LLC’s holdings in Zendesk were worth $873,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in ZEN. BlackRock Inc. increased its stake in shares of Zendesk by 81,570.3% during the 1st quarter. BlackRock Inc. now owns 5,702,221 shares of the software maker’s stock worth $159,888,000 after purchasing an additional 5,695,239 shares during the last quarter. Jericho Capital Asset Management L.P. increased its stake in shares of Zendesk by 36.6% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,459,840 shares of the software maker’s stock worth $68,974,000 after purchasing an additional 659,466 shares during the last quarter. EMS Capital LP increased its stake in shares of Zendesk by 71.4% during the 1st quarter. EMS Capital LP now owns 1,440,000 shares of the software maker’s stock worth $40,378,000 after purchasing an additional 600,000 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of Zendesk by 91.5% during the 1st quarter. OppenheimerFunds Inc. now owns 1,148,785 shares of the software maker’s stock worth $32,212,000 after purchasing an additional 548,785 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Zendesk by 29.0% during the 1st quarter. Wellington Management Group LLP now owns 2,400,304 shares of the software maker’s stock worth $67,304,000 after purchasing an additional 539,513 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.
ZEN has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Zendesk from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. KeyCorp restated a “buy” rating and set a $35.00 price target on shares of Zendesk in a research note on Friday, August 4th. Evercore ISI initiated coverage on shares of Zendesk in a research note on Friday, September 8th. They set an “outperform” rating and a $34.00 price target on the stock. BidaskClub lowered shares of Zendesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Zendesk in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. Zendesk has a consensus rating of “Buy” and a consensus price target of $33.09.
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Zendesk, Inc. (ZEN) opened at 28.95 on Wednesday. The company has a 50-day moving average of $27.66 and a 200-day moving average of $27.66. The firm’s market capitalization is $2.91 billion. Zendesk, Inc. has a 1-year low of $19.77 and a 1-year high of $31.36.
Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.20). Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The firm had revenue of $101.30 million for the quarter, compared to the consensus estimate of $99.47 million. During the same period last year, the company posted ($0.06) earnings per share. The business’s revenue was up 36.5% compared to the same quarter last year. On average, equities analysts predict that Zendesk, Inc. will post ($0.17) earnings per share for the current year.
In other Zendesk news, SVP John Geschke sold 10,000 shares of the company’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $29.34, for a total transaction of $293,400.00. Following the sale, the senior vice president now directly owns 19,810 shares of the company’s stock, valued at $581,225.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mikkel Svane sold 50,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $28.10, for a total transaction of $1,405,000.00. Following the sale, the chairman now directly owns 1,730,990 shares in the company, valued at $48,640,819. The disclosure for this sale can be found here. Insiders have sold 125,319 shares of company stock worth $3,539,045 over the last ninety days. Insiders own 5.30% of the company’s stock.
Zendesk Company 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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