Goldman Sachs Group Inc. increased its position in shares of Zendesk, Inc. (NYSE:ZEN) by 81.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 610,445 shares of the software maker’s stock after buying an additional 273,116 shares during the period. Goldman Sachs Group Inc. owned 0.61% of Zendesk worth $16,958,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in Zendesk by 2.5% during the first 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 in the last quarter. Parallel Advisors LLC lifted its holdings in Zendesk by 3.8% during the second quarter. Parallel Advisors LLC now owns 8,275 shares of the software maker’s stock valued at $243,000 after purchasing an additional 300 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Zendesk by 8.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,998 shares of the software maker’s stock valued at $111,000 after purchasing an additional 323 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Zendesk by 10.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock valued at $108,000 after purchasing an additional 352 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in Zendesk by 3.1% during the second quarter. Neuberger Berman Group LLC now owns 31,429 shares of the software maker’s stock valued at $873,000 after purchasing an additional 950 shares in the last quarter. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities analysts have issued reports on the stock. KeyCorp reaffirmed a “buy” rating and set a $35.00 price objective on shares of Zendesk in a report on Sunday. Stephens downgraded shares of Zendesk from an “equal weight” rating to an “underweight” rating and set a $25.00 price objective on the stock. in a report on Monday, October 9th. Zacks Investment Research raised shares of Zendesk from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Thursday, October 5th. ValuEngine downgraded shares of Zendesk from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $33.00 price objective on shares of Zendesk in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $32.50.

In other Zendesk news, insider Adrian Mcdermott sold 1,766 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $28.87, for a total value of $50,984.42. Following the transaction, the insider now directly owns 80,581 shares in the company, valued at approximately $2,326,373.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Caryn Marooney sold 1,693 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $30.10, for a total transaction of $50,959.30. Following the completion of the transaction, the director now owns 53,948 shares in the company, valued at $1,623,834.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,315 shares of company stock worth $2,587,980. 5.30% of the stock is owned by insiders.

Zendesk, Inc. (NYSE ZEN) opened at 29.91 on Monday. The stock’s market capitalization is $3.01 billion. The stock has a 50 day moving average of $28.72 and a 200 day moving average of $27.91. Zendesk, Inc. has a 1-year low of $19.77 and a 1-year high of $31.95.

Zendesk (NYSE:ZEN) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.20). Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The business had revenue of $101.30 million during the quarter, compared to analysts’ expectations of $99.47 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. Zendesk’s quarterly revenue was up 36.5% on a year-over-year basis. On average, analysts expect that Zendesk, Inc. will post ($0.17) earnings per share for the current year.

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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