Livforsakringsbolaget Skandia Omsesidigt Buys Shares of 1,200 Zendesk, Inc. (NYSE:ZEN)

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Zendesk, Inc. (NYSE:ZEN) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,200 shares of the software maker’s stock, valued at approximately $172,000.

A number of other hedge funds have also modified their holdings of ZEN. Guggenheim Capital LLC increased its holdings in shares of Zendesk by 15.1% in the third quarter. Guggenheim Capital LLC now owns 13,157 shares of the software maker’s stock worth $1,355,000 after purchasing an additional 1,727 shares during the period. Boothbay Fund Management LLC bought a new position in shares of Zendesk in the third quarter worth $241,000. Polar Capital LLP increased its holdings in shares of Zendesk by 21.3% in the third quarter. Polar Capital LLP now owns 1,451,142 shares of the software maker’s stock worth $149,352,000 after purchasing an additional 254,346 shares during the period. Squarepoint Ops LLC bought a new position in shares of Zendesk in the third quarter worth $3,886,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Zendesk in the third quarter worth $66,376,000. 97.39% of the stock is currently owned by institutional investors and hedge funds.

NYSE ZEN opened at $137.62 on Thursday. The company has a 50-day simple moving average of $138.73 and a two-hundred day simple moving average of $132.33. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 2.54. Zendesk, Inc. has a 12-month low of $63.49 and a 12-month high of $166.60. The firm has a market cap of $16.21 billion, a price-to-earnings ratio of -87.66 and a beta of 1.27.

Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Thursday, February 4th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.28. Zendesk had a negative net margin of 19.24% and a negative return on equity of 22.55%. The business had revenue of $283.50 million during the quarter, compared to analyst estimates of $277.38 million. Equities analysts expect that Zendesk, Inc. will post -0.68 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on ZEN shares. Morgan Stanley upped their price target on shares of Zendesk from $165.00 to $181.00 and gave the stock an “overweight” rating in a report on Friday, February 5th. JMP Securities upped their target price on shares of Zendesk from $143.00 to $193.00 and gave the stock an “outperform” rating in a research report on Friday, February 5th. Canaccord Genuity upped their target price on shares of Zendesk from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 5th. They noted that the move was a valuation call. Stifel Nicolaus initiated coverage on shares of Zendesk in a research report on Thursday. They issued a “buy” rating for the company. Finally, Cowen upped their target price on shares of Zendesk from $165.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, February 5th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $143.31.

In other news, CFO Elena Gomez sold 5,000 shares of the stock in a transaction dated Wednesday, January 20th. The shares were sold at an average price of $147.73, for a total transaction of $738,650.00. Following the completion of the sale, the chief financial officer now directly owns 15,324 shares in the company, valued at $2,263,814.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Norman Gennaro sold 1,000 shares of the stock in a transaction dated Monday, January 11th. The stock was sold at an average price of $147.94, for a total transaction of $147,940.00. Following the sale, the insider now owns 24,583 shares of the company’s stock, valued at $3,636,809.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 120,579 shares of company stock valued at $17,235,017. Company insiders own 4.30% of the company’s stock.

Zendesk Company Profile

Zendesk, Inc, a software development company, provides software as a service solutions for organizations in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels.

Featured Story: How big is the FinTech market?

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.