Zendesk, Inc. (ZEN) Holdings Boosted by Sei Investments Co.

Sei Investments Co. raised its position in shares of Zendesk, Inc. (NYSE:ZEN) by 86.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,544 shares of the software maker’s stock after acquiring an additional 13,242 shares during the quarter. Sei Investments Co.’s holdings in Zendesk were worth $831,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Advisor Group Inc. raised its holdings in shares of Zendesk by 44.3% during the second quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock valued at $103,000 after acquiring an additional 1,137 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Zendesk during the third quarter valued at approximately $105,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 acquiring an additional 352 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of 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 acquiring an additional 323 shares during the last quarter. Finally, Fortaleza Asset Management Inc. acquired a new position in shares of Zendesk during the second quarter valued at approximately $115,000. 95.68% of the stock is owned by institutional investors and hedge funds.

Zendesk, Inc. (NYSE ZEN) traded down $0.34 during trading hours on Friday, hitting $33.71. The company had a trading volume of 384,938 shares, compared to its average volume of 807,849. Zendesk, Inc. has a 12-month low of $20.86 and a 12-month high of $35.89.

Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Wednesday, November 1st. The software maker reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.04. Zendesk had a negative return on equity of 32.50% and a negative net margin of 27.43%. The firm had revenue of $112.79 million during the quarter, compared to analysts’ expectations of $109.19 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The business’s revenue for the quarter was up 39.7% on a year-over-year basis. research analysts forecast that Zendesk, Inc. will post -1.03 EPS for the current year.

ZEN has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $35.00 target price on shares of Zendesk in a report on Wednesday, October 18th. KeyCorp reissued a “buy” rating and set a $35.00 target price on shares of Zendesk in a report on Sunday, October 15th. Zacks Investment Research raised Zendesk from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Thursday, October 5th. Piper Jaffray Companies reissued a “buy” rating and set a $33.00 target price on shares of Zendesk in a report on Tuesday, September 12th. Finally, Canaccord Genuity increased their target price on Zendesk from $34.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $34.13.

In related news, Chairman Mikkel Svane sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $34.31, for a total value of $1,715,500.00. Following the completion of the sale, the chairman now owns 1,734,891 shares of the company’s stock, valued at $59,524,110.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP John Geschke sold 10,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $29.33, for a total value of $293,300.00. Following the completion of the sale, the senior vice president now directly owns 20,595 shares of the company’s stock, valued at approximately $604,051.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,426 shares of company stock valued at $5,227,416. Insiders own 5.30% of the company’s stock.

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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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