Capital Investment Advisory Services LLC Increases Stock Position in Zendesk Inc (NYSE:ZEN)

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Capital Investment Advisory Services LLC lifted its holdings in shares of Zendesk Inc (NYSE:ZEN) by 44.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 865 shares of the software maker’s stock after buying an additional 265 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Zendesk were worth $63,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ZEN. Nisa Investment Advisors LLC lifted its stake in Zendesk by 4.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,225 shares of the software maker’s stock worth $287,000 after purchasing an additional 140 shares in the last quarter. Cerebellum GP LLC lifted its stake in Zendesk by 3.7% in the 3rd quarter. Cerebellum GP LLC now owns 3,905 shares of the software maker’s stock worth $132,000 after purchasing an additional 141 shares in the last quarter. Tyers Asset Management LLC lifted its stake in Zendesk by 7.2% in the 2nd quarter. Tyers Asset Management LLC now owns 2,492 shares of the software maker’s stock worth $222,000 after purchasing an additional 168 shares in the last quarter. Flinton Capital Management LLC lifted its stake in Zendesk by 7.2% in the 2nd quarter. Flinton Capital Management LLC now owns 3,026 shares of the software maker’s stock worth $269,000 after purchasing an additional 204 shares in the last quarter. Finally, Veritable L.P. lifted its stake in Zendesk by 5.5% in the 2nd quarter. Veritable L.P. now owns 4,290 shares of the software maker’s stock worth $382,000 after purchasing an additional 223 shares in the last quarter. Institutional investors own 92.76% of the company’s stock.

ZEN has been the topic of a number of research analyst reports. UBS Group set a $98.00 price target on shares of Zendesk and gave the stock a “hold” rating in a report on Wednesday, July 31st. Bank of America decreased 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. Zacks Investment Research reissued a “hold” rating and issued a $82.00 price target on shares of Zendesk in a report on Saturday. Compass Point initiated coverage on shares of Zendesk in a report on Tuesday, August 13th. They issued a “buy” rating and a $100.00 price target on the stock. Finally, ValuEngine lowered shares of Zendesk from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $95.99.

ZEN stock opened at $64.40 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.67 and a current ratio of 0.67. Zendesk Inc has a 52 week low of $45.60 and a 52 week high of $94.89. The firm’s fifty day moving average is $74.71 and its 200 day moving average is $83.06. The firm has a market cap of $7.54 billion, a P/E ratio of -67.79 and a beta of 1.22.

Zendesk (NYSE:ZEN) last released its earnings results on Tuesday, July 30th. The software maker reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.33. Zendesk had a negative net margin of 23.70% and a negative return on equity of 27.44%. The company had revenue of $194.58 million for the quarter, compared to analyst estimates of $192.47 million. During the same quarter last year, the firm earned $0.03 EPS. The firm’s quarterly revenue was up 37.1% compared to the same quarter last year. As a group, analysts forecast that Zendesk Inc will post -1.1 EPS for the current year.

In related news, Director L Michelle Wilson sold 20,000 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $77.50, for a total transaction of $1,550,000.00. Following the transaction, the director now owns 135,790 shares of the company’s stock, valued at approximately $10,523,725. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Elena Gomez sold 5,000 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $91.21, for a total transaction of $456,050.00. Following the transaction, the chief financial officer now directly owns 24,175 shares in the company, valued at approximately $2,205,001.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 254,448 shares of company stock worth $19,736,265. 4.60% of the stock is owned by insiders.

Zendesk 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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