Swiss National Bank Purchases 3,800 Shares of Zendesk, Inc. (ZEN)
Swiss National Bank boosted its position in Zendesk, Inc. (NYSE:ZEN) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,452 shares of the software maker’s stock after purchasing an additional 3,800 shares during the quarter. Swiss National Bank owned about 164,628.86% of Zendesk worth $4,816,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its stake in Zendesk by 2.5% in 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 period. Parallel Advisors LLC lifted its position in shares of 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 acquiring an additional 300 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of 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 acquiring an additional 323 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of 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 acquiring an additional 352 shares during the period. Finally, Neuberger Berman Group LLC lifted its position in shares of 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 acquiring an additional 950 shares during the period. Institutional investors and hedge funds own 95.21% of the company’s stock.
ZEN has been the subject of a number of recent analyst reports. Piper Jaffray Companies set a $33.00 target price on Zendesk and gave the company a “buy” rating in a research report on Saturday, August 5th. KeyCorp reiterated a “buy” rating and set a $35.00 target price on shares of Zendesk in a research report on Friday, August 4th. BidaskClub downgraded Zendesk from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded Zendesk from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Thursday, October 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $35.00 target price on shares of Zendesk in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. Zendesk presently has a consensus rating of “Buy” and a consensus target price of $34.13.
Shares of Zendesk, Inc. (ZEN) opened at $35.17 on Thursday. Zendesk, Inc. has a 1 year low of $19.77 and a 1 year high of $35.89.
Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Wednesday, November 1st. The software maker reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. Zendesk had a negative return on equity of 32.50% and a negative net margin of 27.43%. The business had revenue of $112.79 million during the quarter, compared to the consensus estimate of $109.19 million. During the same period in the prior year, the company earned ($0.04) EPS. Zendesk’s revenue for the quarter was up 39.7% on a year-over-year basis. sell-side analysts predict that Zendesk, Inc. will post -1.03 EPS for the current year.
In other Zendesk news, CFO Elena Gomez sold 1,200 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was 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 of the company’s stock, valued at approximately $104,509.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Adrian Mcdermott sold 1,679 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $34.39, for a total value of $57,740.81. Following the completion of the transaction, the insider now directly owns 80,837 shares of the company’s stock, valued at approximately $2,779,984.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 155,119 shares of company stock valued at $5,273,719. 5.30% of the stock is owned by corporate insiders.
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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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