Zendesk Inc (ZEN) Shares Sold by Kornitzer Capital Management Inc. KS
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.
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.
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.
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