Teachers Advisors LLC increased its position in Zendesk, Inc. (NYSE:ZEN) by 6.5% during the first quarter, Holdings Channel reports. The institutional investor owned 141,368 shares of the software maker’s stock after buying an additional 8,644 shares during the period. Teachers Advisors LLC’s holdings in Zendesk were worth $3,964,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ZEN. FMR LLC boosted its stake in shares of Zendesk by 1.8% in the first quarter. FMR LLC now owns 14,551,169 shares of the software maker’s stock worth $408,015,000 after buying an additional 250,358 shares in the last quarter. Wellington Management Group LLP boosted its position in Zendesk by 29.0% in the first quarter. Wellington Management Group LLP now owns 2,400,304 shares of the software maker’s stock valued at $67,304,000 after buying an additional 539,513 shares during the period. Wells Fargo & Company MN boosted its position in Zendesk by 6.0% in the first quarter. Wells Fargo & Company MN now owns 1,911,513 shares of the software maker’s stock valued at $53,599,000 after buying an additional 107,558 shares during the period. OppenheimerFunds Inc. boosted its position in Zendesk by 91.5% in the first quarter. OppenheimerFunds Inc. now owns 1,148,785 shares of the software maker’s stock valued at $32,212,000 after buying an additional 548,785 shares during the period. Finally, Jennison Associates LLC boosted its position in Zendesk by 4.5% in the first quarter. Jennison Associates LLC now owns 640,415 shares of the software maker’s stock valued at $17,957,000 after buying an additional 27,317 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Zendesk, Inc. (NYSE ZEN) opened at 26.00 on Wednesday. The stock’s market capitalization is $2.57 billion. Zendesk, Inc. has a 52 week low of $19.77 and a 52 week high of $31.88. The firm’s 50-day moving average is $28.51 and its 200-day moving average is $27.25.

Zendesk (NYSE:ZEN) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.20. The firm had revenue of $101.30 million during the quarter, compared to analyst estimates of $99.47 million. Zendesk had a negative net margin of 29.34% and a negative return on equity of 32.28%. Zendesk’s revenue was up 36.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.06) earnings per share. Analysts forecast that Zendesk, Inc. will post ($0.17) earnings per share for the current fiscal year.

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ZEN has been the topic of several analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Zendesk in a research report on Friday, August 4th. BidaskClub cut Zendesk from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research cut Zendesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 13th. Guggenheim reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Zendesk in a research report on Tuesday, April 18th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Zendesk in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $33.00.

In other news, CRO Bryan Cox sold 2,184 shares of Zendesk stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $27.05, for a total transaction of $59,077.20. Following the completion of the sale, the executive now directly owns 28,537 shares in the company, valued at $771,925.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Elena Gomez sold 1,780 shares of Zendesk stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $27.17, for a total transaction of $48,362.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,834 shares of company stock valued at $2,403,844. 5.30% of the stock is owned by insiders.

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.

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Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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