Kornitzer Capital Management Inc. KS lowered its holdings in Zendesk Inc (NYSE:ZEN) by 7.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,344 shares of the software maker’s stock after selling 3,330 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Zendesk were worth $3,514,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ZEN. Federated Investors Inc. PA raised its holdings in shares of Zendesk by 22.5% in the 3rd quarter. Federated Investors Inc. PA now owns 396,488 shares of the software maker’s stock valued at $28,150,000 after buying an additional 72,763 shares during the period. Stanley Laman Group Ltd. purchased a new stake in shares of Zendesk in the 4th quarter valued at $400,000. Nisa Investment Advisors LLC raised its holdings in shares of Zendesk by 3,529.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,085 shares of the software maker’s stock valued at $180,000 after buying an additional 3,000 shares during the period. Legal & General Group Plc raised its holdings in shares of Zendesk by 4.4% in the 3rd quarter. Legal & General Group Plc now owns 48,279 shares of the software maker’s stock valued at $3,428,000 after buying an additional 2,042 shares during the period. Finally, Calamos Advisors LLC purchased a new stake in shares of Zendesk in the 4th quarter valued at $13,488,000. Institutional investors own 95.26% of the company’s stock.

Several equities research analysts recently issued reports on the company. JMP Securities boosted their price objective on Zendesk from $82.00 to $100.00 and gave the company a “market outperform” rating in a report on Wednesday, May 1st. Jefferies Financial Group boosted their price objective on Zendesk from $90.00 to $102.00 and gave the company a “market perform” rating in a report on Wednesday, May 1st. Wells Fargo & Co boosted their price objective on Zendesk from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. KeyCorp boosted their price objective on Zendesk from $92.00 to $102.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research downgraded Zendesk from a “buy” rating to a “hold” rating and set a $98.00 price objective on the stock. in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $90.93.

In other news, insider Adrian Mcdermott sold 2,304 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $78.06, for a total transaction of $179,850.24. Following the completion of the transaction, the insider now directly owns 80,596 shares of the company’s stock, valued at approximately $6,291,323.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Norman Gennaro sold 6,820 shares of the company’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $77.00, for a total value of $525,140.00. Following the transaction, the senior vice president now directly owns 10,455 shares of the company’s stock, valued at $805,035. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,613 shares of company stock valued at $7,319,350. Insiders own 4.60% of the company’s stock.

Shares of NYSE ZEN opened at $85.11 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34. Zendesk Inc has a 1-year low of $45.60 and a 1-year high of $87.92. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of -89.59 and a beta of 1.64.

Zendesk (NYSE:ZEN) last released its quarterly earnings data on Tuesday, April 30th. The software maker reported ($0.28) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.28). The business had revenue of $181.48 million during the quarter, compared to analysts’ expectations of $179.53 million. Zendesk had a negative return on equity of 25.37% and a negative net margin of 22.52%. The business’s quarterly revenue was up 39.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 EPS. On average, research analysts expect that Zendesk Inc will post -1.07 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The original version of this report can be viewed at https://www.dailypolitical.com/2019/05/08/zendesk-inc-zen-shares-sold-by-kornitzer-capital-management-inc-ks.html.

Zendesk Company 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.

Further Reading: How Do I Invest in Dividend Stocks

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.