Bank of New York Mellon Corp raised its position in Zendesk, Inc. (NYSE:ZEN) by 26.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 521,849 shares of the software maker’s stock after buying an additional 108,181 shares during the period. Bank of New York Mellon Corp owned about 0.53% of Zendesk worth $14,496,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ZEN. Principal Financial Group Inc. boosted its position in shares of Zendesk by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 11,605 shares of the software maker’s stock worth $325,000 after purchasing an additional 283 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Zendesk by 5.3% in the 1st quarter. Parallel Advisors LLC now owns 7,975 shares of the software maker’s stock worth $233,000 after purchasing an additional 400 shares during the last quarter. Denver Investment Advisors LLC boosted its position in shares of Zendesk by 7.4% in the 2nd quarter. Denver Investment Advisors LLC now owns 29,097 shares of the software maker’s stock worth $808,000 after purchasing an additional 2,010 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Zendesk by 7.5% in the 1st quarter. Legal & General Group Plc now owns 28,772 shares of the software maker’s stock worth $802,000 after purchasing an additional 2,014 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Zendesk by 1.9% in the 1st quarter. Swiss National Bank now owns 125,652 shares of the software maker’s stock worth $3,523,000 after purchasing an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

In other Zendesk news, insider Adrian Mcdermott sold 1,766 shares of the company’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $29.11, for a total transaction of $51,408.26. Following the sale, the insider now owns 80,290 shares of the company’s stock, valued at $2,337,241.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Caryn Marooney sold 1,693 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $30.10, for a total transaction of $50,959.30. Following the sale, the director now directly owns 53,948 shares in the company, valued at approximately $1,623,834.80. The disclosure for this sale can be found here. Insiders have sold 115,319 shares of company stock worth $3,245,645 in the last ninety days. Insiders own 5.30% of the company’s stock.

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Shares of Zendesk, Inc. (NYSE ZEN) opened at 28.23 on Friday. The company’s 50-day moving average price is $27.66 and its 200 day moving average price is $27.66. The firm’s market cap is $2.84 billion. Zendesk, Inc. has a 52 week low of $19.77 and a 52 week high of $31.36.

Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.20). The business had revenue of $101.30 million during the quarter, compared to the consensus estimate of $99.47 million. Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The business’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.06) EPS. On average, equities analysts anticipate that Zendesk, Inc. will post ($0.17) earnings per share for the current year.

Several research analysts have recently issued reports on ZEN shares. Zacks Investment Research upgraded Zendesk from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. KeyCorp restated a “buy” rating and issued a $35.00 price target on shares of Zendesk in a research report on Friday, August 4th. Evercore ISI started coverage on Zendesk in a research report on Friday, September 8th. They issued an “outperform” rating and a $34.00 price target on the stock. BidaskClub lowered Zendesk from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Zendesk in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $33.09.

Zendesk 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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