Peregrine Capital Management LLC raised its holdings in shares of Zendesk, Inc. (NYSE:ZEN) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 837,763 shares of the software maker’s stock after purchasing an additional 28,508 shares during the quarter. Peregrine Capital Management LLC owned 0.83% of Zendesk worth $24,387,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Calamos Advisors LLC lifted its position in Zendesk by 8.8% during the third quarter. Calamos Advisors LLC now owns 1,645,329 shares of the software maker’s stock valued at $47,896,000 after purchasing an additional 133,346 shares during the last quarter. First Trust Advisors LP lifted its position in Zendesk by 7.7% during the third quarter. First Trust Advisors LP now owns 41,061 shares of the software maker’s stock valued at $1,195,000 after purchasing an additional 2,934 shares during the last quarter. Wasatch Advisors Inc. lifted its position in Zendesk by 26.5% during the second quarter. Wasatch Advisors Inc. now owns 3,919,479 shares of the software maker’s stock valued at $108,883,000 after purchasing an additional 820,465 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Zendesk by 54.2% during the second quarter. Public Employees Retirement System of Ohio now owns 110,492 shares of the software maker’s stock valued at $3,069,000 after purchasing an additional 38,859 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in Zendesk during the second quarter valued at $278,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

In other Zendesk news, insider Adrian Mcdermott sold 1,766 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $26.42, for a total transaction of $46,657.72. Following the sale, the insider now directly owns 80,435 shares in the company, valued at $2,125,092.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elena Gomez sold 1,200 shares of the business’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $30.10, for a total transaction of $36,120.00. Following the sale, the chief financial officer now owns 3,925 shares in the company, valued at $118,142.50. The disclosure for this sale can be found here. Insiders have sold 85,823 shares of company stock worth $2,429,819 over the last quarter. Insiders own 5.30% of the company’s stock.

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Zendesk, Inc. (NYSE:ZEN) traded down 0.03% on Tuesday, reaching $30.26. 99,364 shares of the company’s stock were exchanged. The stock’s market cap is $3.04 billion. Zendesk, Inc. has a one year low of $19.77 and a one year high of $31.95. The firm has a 50 day moving average of $29.48 and a 200-day moving average of $28.12.

Zendesk (NYSE:ZEN) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.20). The business had revenue of $101.30 million for the quarter, compared to analysts’ expectations of $99.47 million. Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The firm’s revenue for the quarter was up 36.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) earnings per share. Equities research analysts forecast that Zendesk, Inc. will post ($0.17) EPS for the current fiscal year.

Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Zendesk from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. BidaskClub lowered shares of Zendesk from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Royal Bank Of Canada restated a “buy” rating and issued a $35.00 target price on shares of Zendesk in a report on Wednesday, October 18th. ValuEngine lowered shares of Zendesk from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, KeyCorp restated a “buy” rating and issued a $35.00 target price on shares of Zendesk in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $32.86.

About Zendesk

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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