Fox Run Management L.L.C. Acquires Shares of 3,666 Zendesk Inc (NYSE:ZEN)

Fox Run Management L.L.C. purchased a new position in Zendesk Inc (NYSE:ZEN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,666 shares of the software maker’s stock, valued at approximately $326,000.

Several other hedge funds and other institutional investors have also modified their holdings of ZEN. Norges Bank purchased a new stake in shares of Zendesk in the fourth quarter worth approximately $54,056,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Zendesk in the first quarter worth approximately $54,818,000. Neuberger Berman Group LLC raised its holdings in shares of Zendesk by 982.4% in the first quarter. Neuberger Berman Group LLC now owns 469,810 shares of the software maker’s stock worth $39,934,000 after buying an additional 426,405 shares during the period. AO Asset Management LP raised its holdings in shares of Zendesk by 171.0% in the first quarter. AO Asset Management LP now owns 476,700 shares of the software maker’s stock worth $40,520,000 after buying an additional 300,800 shares during the period. Finally, Half Sky Capital UK Ltd raised its holdings in shares of Zendesk by 207.0% in the first quarter. Half Sky Capital UK Ltd now owns 393,315 shares of the software maker’s stock worth $33,432,000 after buying an additional 265,200 shares during the period. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Shares of NYSE:ZEN opened at $93.12 on Wednesday. Zendesk Inc has a 52-week low of $45.60 and a 52-week high of $94.89. The company has a market capitalization of $10.27 billion, a PE ratio of -98.02 and a beta of 1.52. The business has a 50 day moving average price of $90.96. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54.

Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.33. Zendesk had a negative return on equity of 25.37% and a negative net margin of 22.52%. The company had revenue of $194.58 million for the quarter, compared to analysts’ expectations of $192.47 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Zendesk’s revenue was up 37.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Zendesk Inc will post -1.07 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on ZEN shares. Canaccord Genuity increased their price target on TELUS from C$51.00 to C$52.00 in a report on Wednesday, May 1st. Goldman Sachs Group started coverage on HubSpot in a report on Friday, June 7th. They issued a “buy” rating and a $223.00 price target on the stock. Wells Fargo & Co reduced their price target on WellCare Health Plans from $346.00 to $330.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Wedbush set a $69.00 price target on Albireo Pharma and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, Craig Hallum increased their price objective on 1-800-Flowers.Com from $26.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $92.99.

In other Zendesk news, insider Adrian Mcdermott sold 6,213 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $85.11, for a total transaction of $528,788.43. Following the sale, the insider now owns 87,677 shares of the company’s stock, valued at approximately $7,462,189.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mikkel Svane sold 50,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $85.75, for a total value of $4,287,500.00. Following the sale, the chief executive officer now directly owns 1,424,521 shares in the company, valued at approximately $122,152,675.75. The disclosure for this sale can be found here. In the last three months, insiders sold 120,561 shares of company stock worth $10,532,884. 4.60% of the stock is owned by insiders.

Zendesk Company Profile

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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