Amalgamated Bank boosted its position in shares of Zendesk, Inc. (NYSE:ZEN) by 24.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,355 shares of the software maker’s stock after purchasing an additional 2,402 shares during the period. Amalgamated Bank’s holdings in Zendesk were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in Zendesk by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 11,605 shares of the software maker’s stock valued at $325,000 after purchasing an additional 283 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Zendesk by 3.8% during the 2nd quarter. Parallel Advisors LLC now owns 8,275 shares of the software maker’s stock valued at $243,000 after purchasing an additional 300 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Zendesk by 8.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,998 shares of the software maker’s stock valued at $111,000 after purchasing an additional 323 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Zendesk by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock valued at $108,000 after purchasing an additional 352 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in Zendesk by 3.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 31,429 shares of the software maker’s stock valued at $873,000 after purchasing an additional 950 shares during the last quarter. 96.24% of the stock is owned by hedge funds and other institutional investors.

Zendesk, Inc. (NYSE ZEN) opened at 31.11 on Monday. The firm has a 50 day moving average of $28.30 and a 200-day moving average of $27.80. The company’s market capitalization is $3.13 billion. Zendesk, Inc. has a 52 week low of $19.77 and a 52 week high of $31.36.

Zendesk (NYSE:ZEN) last posted its earnings results on Thursday, August 3rd. The software maker reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.20). The company had revenue of $101.30 million during the quarter, compared to the consensus estimate of $99.47 million. Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The firm’s revenue was up 36.5% compared to the same quarter last year. During the same period last year, the company posted ($0.06) EPS. On average, analysts forecast that Zendesk, Inc. will post ($0.17) earnings per share for the current year.

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ZEN has been the subject of several analyst reports. BidaskClub downgraded shares of Zendesk from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Zacks Investment Research raised shares of Zendesk from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Zendesk in a research note on Friday, July 21st. KeyCorp reaffirmed a “buy” rating and issued a $35.00 target price on shares of Zendesk in a research note on Friday, August 4th. Finally, Piper Jaffray Companies set a $33.00 target price on shares of Zendesk and gave the stock a “buy” rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. Zendesk currently has a consensus rating of “Buy” and an average price target of $33.18.

In related news, CFO Elena Gomez sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $28.87, for a total value of $34,644.00. Following the completion of the transaction, the chief financial officer now owns 3,620 shares in the company, valued at approximately $104,509.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Caryn Marooney sold 1,693 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $30.10, for a total transaction of $50,959.30. Following the completion of the transaction, the director now owns 53,948 shares of the company’s stock, valued at approximately $1,623,834.80. The disclosure for this sale can be found here. Insiders sold 91,315 shares of company stock valued at $2,587,980 in the last three months. Company insiders own 5.30% of the company’s stock.

About Zendesk

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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