TD Asset Management Inc. lowered its position in Zendesk Inc (NYSE:ZEN) by 78.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,900 shares of the software maker’s stock after selling 46,500 shares during the quarter. TD Asset Management Inc.’s holdings in Zendesk were worth $376,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ZEN. Janus Henderson Group PLC purchased a new position in Zendesk in the second quarter worth approximately $137,975,000. BlackRock Inc. lifted its stake in Zendesk by 54.9% in the second quarter. BlackRock Inc. now owns 8,835,508 shares of the software maker’s stock worth $245,450,000 after acquiring an additional 3,133,287 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Zendesk by 77.9% in the second quarter. JPMorgan Chase & Co. now owns 2,110,503 shares of the software maker’s stock worth $58,629,000 after acquiring an additional 923,875 shares during the last quarter. Wasatch Advisors Inc. lifted its stake in Zendesk by 26.5% in the second quarter. Wasatch Advisors Inc. now owns 3,919,479 shares of the software maker’s stock worth $108,883,000 after acquiring an additional 820,465 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Zendesk by 755.0% in the third quarter. Ameriprise Financial Inc. now owns 827,334 shares of the software maker’s stock worth $24,083,000 after acquiring an additional 730,570 shares during the last quarter. Institutional investors own 95.68% of the company’s stock.

A number of brokerages recently issued reports on ZEN. Royal Bank of Canada reiterated a “buy” rating and issued a $35.00 price target on shares of Zendesk in a research note on Wednesday, October 18th. KeyCorp reiterated a “buy” rating and issued a $35.00 price target on shares of Zendesk in a research note on Friday, August 25th. ValuEngine downgraded shares of Zendesk from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Canaccord Genuity boosted their price objective on shares of Zendesk from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, Morgan Stanley boosted their price objective on shares of Zendesk from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. Zendesk presently has an average rating of “Buy” and a consensus target price of $34.13.

In other news, insider Adrian Mcdermott sold 1,679 shares of Zendesk stock in a transaction on Monday, November 20th. The shares were sold at an average price of $34.39, for a total value of $57,740.81. Following the transaction, the insider now directly owns 80,837 shares of the company’s stock, valued at approximately $2,779,984.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elena Gomez sold 1,200 shares of Zendesk stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $28.87, for a total transaction of $34,644.00. Following the completion of the transaction, the chief financial officer now directly owns 3,620 shares in the company, valued at $104,509.40. The disclosure for this sale can be found here. Insiders sold a total of 143,426 shares of company stock worth $4,934,116 over the last ninety days. Corporate insiders own 5.30% of the company’s stock.

Shares of Zendesk Inc (NYSE:ZEN) traded down $0.35 during trading hours on Friday, hitting $33.83. 489,100 shares of the stock traded hands, compared to its average volume of 1,033,763. Zendesk Inc has a twelve month low of $20.86 and a twelve month high of $35.89.

Zendesk (NYSE:ZEN) last issued 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. The business had revenue of $112.79 million during the quarter, compared to the consensus estimate of $109.19 million. Zendesk had a negative net margin of 27.43% and a negative return on equity of 32.50%. The company’s revenue was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) EPS. research analysts expect that Zendesk Inc will post -1.03 earnings per share for the current fiscal year.

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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.

Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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