Zendesk, Inc. (NYSE:ZEN) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its holdings in shares of Zendesk, Inc. (NYSE:ZENGet Rating) by 20.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,673 shares of the software maker’s stock after acquiring an additional 3,344 shares during the quarter. IFM Investors Pty Ltd’s holdings in Zendesk were worth $2,366,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in shares of Zendesk in the 4th quarter valued at about $26,000. Quadrant Capital Group LLC boosted its position in shares of Zendesk by 102.3% in the 4th quarter. Quadrant Capital Group LLC now owns 259 shares of the software maker’s stock valued at $27,000 after purchasing an additional 131 shares during the period. Prospera Financial Services Inc acquired a new stake in shares of Zendesk in the 1st quarter valued at about $33,000. Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Zendesk in the 1st quarter valued at about $34,000. Finally, Allworth Financial LP boosted its position in shares of Zendesk by 59.3% in the 1st quarter. Allworth Financial LP now owns 325 shares of the software maker’s stock valued at $39,000 after purchasing an additional 121 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Zendesk Stock Performance

Shares of ZEN stock opened at $75.89 on Friday. The company has a market cap of $9.37 billion, a price-to-earnings ratio of -33.29 and a beta of 0.99. The stock has a 50 day simple moving average of $73.71 and a 200-day simple moving average of $98.69. Zendesk, Inc. has a 12-month low of $54.16 and a 12-month high of $136.30. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.48.

Zendesk (NYSE:ZENGet Rating) last issued its earnings results on Thursday, July 28th. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Zendesk had a negative return on equity of 42.82% and a negative net margin of 18.33%. The business had revenue of $407.21 million during the quarter, compared to the consensus estimate of $404.68 million. During the same period in the prior year, the business posted ($0.35) EPS. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. On average, equities analysts forecast that Zendesk, Inc. will post -1 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on ZEN shares. William Blair cut Zendesk from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 26th. Cowen decreased their price objective on Zendesk to $77.50 in a research report on Monday, July 4th. Stifel Nicolaus cut Zendesk from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. JMP Securities cut Zendesk from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 26th. Finally, Jefferies Financial Group decreased their price objective on Zendesk from $120.00 to $110.00 in a research report on Monday, May 23rd. Fifteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $95.69.

Insider Activity at Zendesk

In related news, insider Norman Gennaro sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $75.50, for a total value of $528,500.00. Following the completion of the transaction, the insider now directly owns 29,813 shares of the company’s stock, valued at approximately $2,250,881.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Mikkel Svane sold 101,930 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $75.28, for a total value of $7,673,290.40. Following the completion of the transaction, the chief executive officer now directly owns 751,983 shares of the company’s stock, valued at approximately $56,609,280.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Norman Gennaro sold 7,000 shares of the firm’s stock in a transaction on Friday, June 24th. The stock was sold at an average price of $75.50, for a total value of $528,500.00. Following the transaction, the insider now directly owns 29,813 shares of the company’s stock, valued at approximately $2,250,881.50. The disclosure for this sale can be found here. Insiders sold 153,172 shares of company stock valued at $11,710,026 in the last ninety days. Corporate insiders own 2.92% of the company’s stock.

Zendesk Company Profile

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Zendesk, Inc, a software development company, provides software as a service solutions for organizations in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels.

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Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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