Janus Henderson Group PLC purchased a new stake in Zendesk, Inc. (NYSE:ZEN) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,966,708 shares of the software maker’s stock, valued at approximately $137,975,000. Janus Henderson Group PLC owned about 4.94% of Zendesk as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ZEN. BlackRock Inc. boosted its holdings in shares of Zendesk by 81,570.3% in the 1st quarter. BlackRock Inc. now owns 5,702,221 shares of the software maker’s stock valued at $159,888,000 after purchasing an additional 5,695,239 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Zendesk by 77.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,110,503 shares of the software maker’s stock valued at $58,629,000 after purchasing an additional 923,875 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Zendesk by 10.9% in the 2nd quarter. Vanguard Group Inc. now owns 7,365,549 shares of the software maker’s stock valued at $204,615,000 after purchasing an additional 721,652 shares during the last quarter. Hunt Lane Capital LP acquired a new position in shares of Zendesk in the 2nd quarter valued at $18,918,000. Finally, Jericho Capital Asset Management L.P. boosted its holdings in shares of Zendesk by 36.6% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,459,840 shares of the software maker’s stock valued at $68,974,000 after purchasing an additional 659,466 shares during the last quarter. Institutional investors own 96.24% of the company’s stock.

In related news, insider Adrian Mcdermott sold 1,766 shares of the company’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $26.42, for a total transaction of $46,657.72. Following the completion of the sale, the insider now directly owns 80,435 shares of the company’s stock, valued at approximately $2,125,092.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Elena Gomez sold 1,200 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $28.87, for a total transaction of $34,644.00. Following the sale, the chief financial officer now directly owns 3,620 shares of the company’s stock, valued at $104,509.40. The disclosure for this sale can be found here. Insiders sold 91,315 shares of company stock valued at $2,587,980 over the last three months. Insiders own 5.30% of the company’s stock.

Zendesk, Inc. (NYSE:ZEN) traded down 3.83% during trading on Monday, hitting $29.92. 282,968 shares of the company traded hands. The firm’s market cap is $3.01 billion. The firm has a 50 day moving average of $28.30 and a 200 day moving average of $27.80. Zendesk, Inc. has a one year low of $19.77 and a one year 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 the Thomson Reuters’ consensus estimate of ($0.06) by ($0.20). The business 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 business’s revenue was up 36.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.06) earnings per share. On average, analysts expect that Zendesk, Inc. will post ($0.17) earnings per share for the current fiscal year.

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ZEN has been the topic of a number of research analyst reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $33.00 price target on shares of Zendesk in a report on Tuesday, September 12th. BidaskClub lowered shares of Zendesk from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. KeyCorp restated a “buy” rating and set a $35.00 target price on shares of Zendesk in a report on Friday, August 25th. Zacks Investment Research upgraded shares of Zendesk from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Thursday. Finally, Stifel Nicolaus restated a “hold” rating on shares of Zendesk in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $33.18.

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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Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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