33,100 Shares in Zendesk Inc (NYSE:ZEN) Acquired by Selz Capital LLC

Selz Capital LLC acquired a new position in Zendesk Inc (NYSE:ZEN) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,100 shares of the software maker’s stock, valued at approximately $2,412,000.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Zendesk by 1.2% in the second quarter. Vanguard Group Inc. now owns 9,860,855 shares of the software maker’s stock worth $877,912,000 after purchasing an additional 113,663 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Zendesk by 75.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 9,133,023 shares of the software maker’s stock valued at $813,113,000 after acquiring an additional 3,920,837 shares during the last quarter. Janus Henderson Group PLC grew its position in Zendesk by 10.3% during the second quarter. Janus Henderson Group PLC now owns 3,180,927 shares of the software maker’s stock valued at $283,198,000 after acquiring an additional 296,002 shares during the last quarter. Wells Fargo & Company MN grew its position in Zendesk by 18.4% during the second quarter. Wells Fargo & Company MN now owns 1,461,387 shares of the software maker’s stock valued at $130,106,000 after acquiring an additional 227,524 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Zendesk by 40.1% during the second quarter. First Trust Advisors LP now owns 864,905 shares of the software maker’s stock valued at $77,002,000 after acquiring an additional 247,599 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

Shares of ZEN traded up $1.66 during trading hours on Friday, hitting $71.82. The company had a trading volume of 106,309 shares, compared to its average volume of 1,732,289. The firm has a fifty day moving average price of $76.45 and a 200-day moving average price of $83.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of -75.54 and a beta of 1.22. Zendesk Inc has a 52-week low of $45.60 and a 52-week high of $94.89.

Zendesk (NYSE:ZEN) last posted its quarterly earnings results 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. The firm had revenue of $194.58 million during the quarter, compared to analyst estimates of $192.47 million. Zendesk had a negative return on equity of 27.44% and a negative net margin of 23.70%. Zendesk’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 EPS. Research analysts anticipate that Zendesk Inc will post -1.1 earnings per share for the current fiscal year.

A number of research analysts have commented on ZEN shares. Compass Point started coverage on shares of Zendesk in a research report on Tuesday, August 13th. They set a “buy” rating and a $100.00 price target on the stock. Zacks Investment Research upgraded shares of Zendesk from a “sell” rating to a “hold” rating in a research report on Sunday, September 8th. ValuEngine cut shares of Zendesk from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus set a $92.00 target price on shares of Zendesk and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, William Blair restated a “buy” rating on shares of Zendesk in a report on Wednesday, September 18th. Four research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $98.09.

In other news, insider Adrian Mcdermott sold 3,484 shares of Zendesk stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $74.73, for a total value of $260,359.32. Following the completion of the transaction, the insider now owns 84,948 shares of the company’s stock, valued at approximately $6,348,164.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Caryn Marooney sold 2,794 shares of Zendesk stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $75.60, for a total value of $211,226.40. Following the completion of the transaction, the director now directly owns 61,938 shares of the company’s stock, valued at approximately $4,682,512.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 254,836 shares of company stock valued at $19,806,156. 4.60% of the stock is owned by insiders.

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.

Further Reading: What is a Backdoor Roth IRA?

Want to see what other hedge funds are holding ZEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zendesk Inc (NYSE:ZEN).

Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

Receive News & Ratings for Zendesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zendesk and related companies with MarketBeat.com's FREE daily email newsletter.