Public Employees Retirement System of Ohio lowered its holdings in Zendesk Inc (NYSE:ZEN) by 7.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 94,851 shares of the software maker’s stock after selling 7,329 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Zendesk were worth $6,913,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ZEN. Rothschild & Co Wealth Management UK Ltd acquired a new position in shares of Zendesk in the 2nd quarter valued at $25,000. Steward Partners Investment Advisory LLC increased its stake in Zendesk by 400.0% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 375 shares of the software maker’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Capital Investment Advisory Services LLC raised its holdings in Zendesk by 50.0% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 600 shares of the software maker’s stock worth $56,000 after buying an additional 200 shares during the period. Advisory Services Network LLC acquired a new stake in Zendesk during the 2nd quarter worth about $80,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in Zendesk during the second quarter valued at about $89,000. 95.79% of the stock is currently owned by institutional investors.

Several research analysts have commented on ZEN shares. Compass Point began coverage on shares of Zendesk in a report on Tuesday, August 13th. They issued a “buy” rating and a $100.00 target price for the company. Royal Bank of Canada dropped their target price on shares of Zendesk to $81.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Bank of America cut their price target on shares of Zendesk from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Jefferies Financial Group restated a “buy” rating on shares of Zendesk in a research report on Wednesday, October 30th. Finally, Zacks Investment Research upgraded shares of Zendesk from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Saturday, October 26th. Three equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $93.99.

ZEN stock opened at $74.65 on Tuesday. The firm has a 50 day simple moving average of $72.15 and a 200 day simple moving average of $80.49. Zendesk Inc has a 52 week low of $50.05 and a 52 week high of $94.89. The stock has a market cap of $8.86 billion, a P/E ratio of -78.58 and a beta of 1.23. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.37 and a current ratio of 1.37.

Zendesk (NYSE:ZEN) last released its quarterly earnings data on Tuesday, October 29th. The software maker reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.08. Zendesk had a negative net margin of 21.97% and a negative return on equity of 26.50%. The firm had revenue of $210.48 million for the quarter, compared to analyst estimates of $207.40 million. Sell-side analysts predict that Zendesk Inc will post -0.75 EPS for the current year.

In other Zendesk news, SVP Norman Gennaro sold 753 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $76.69, for a total value of $57,747.57. Following the transaction, the senior vice president now directly owns 15,854 shares of the company’s stock, valued at approximately $1,215,843.26. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP John Geschke sold 5,700 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $79.54, for a total value of $453,378.00. Following the completion of the transaction, the senior vice president now directly owns 27,360 shares in the company, valued at $2,176,214.40. The disclosure for this sale can be found here. Insiders have sold a total of 90,143 shares of company stock valued at $6,733,210 in the last three months. Company insiders own 4.60% of the company’s stock.

About Zendesk

Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.

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Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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