Lisanti Capital Growth LLC acquired a new position in Zendesk Inc (NYSE:ZEN) in the fourth quarter, Holdings Channel reports. The firm acquired 34,460 shares of the software maker’s stock, valued at approximately $1,166,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Group Inc. lifted its holdings in shares of Zendesk by 44.3% in the 2nd quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock worth $103,000 after acquiring an additional 1,137 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Zendesk in the 3rd quarter worth approximately $105,000. Cerebellum GP LLC bought a new stake in shares of Zendesk in the 4th quarter worth approximately $132,000. SG Americas Securities LLC bought a new stake in shares of Zendesk in the 3rd quarter worth approximately $193,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Zendesk by 47.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock worth $194,000 after acquiring an additional 1,836 shares during the last quarter. Hedge funds and other institutional investors own 93.94% of the company’s stock.

Shares of Zendesk Inc (NYSE:ZEN) opened at $39.10 on Friday. Zendesk Inc has a 1-year low of $24.49 and a 1-year high of $42.35.

Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. Zendesk had a negative net margin of 25.70% and a negative return on equity of 32.88%. The company had revenue of $123.43 million during the quarter, compared to analyst estimates of $119.68 million. The firm’s revenue was up 39.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) EPS. analysts forecast that Zendesk Inc will post -1.1 earnings per share for the current year.

A number of equities research analysts have recently weighed in on ZEN shares. Morgan Stanley boosted their price objective on shares of Zendesk from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, October 23rd. Royal Bank of Canada restated a “buy” rating and issued a $42.00 price objective on shares of Zendesk in a report on Wednesday, January 17th. Zacks Investment Research lowered shares of Zendesk from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Wells Fargo & Co restated an “outperform” rating and issued a $40.00 price objective (up from $32.00) on shares of Zendesk in a report on Thursday, November 2nd. Finally, KeyCorp reiterated a “buy” rating and set a $35.00 price target on shares of Zendesk in a report on Sunday, October 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Zendesk presently has an average rating of “Buy” and a consensus target price of $40.31.

In other Zendesk news, CFO Elena Gomez sold 1,604 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $34.37, for a total transaction of $55,129.48. Following the transaction, the chief financial officer now directly owns 4,430 shares of the company’s stock, valued at approximately $152,259.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Adrian Mcdermott sold 1,593 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $36.27, for a total transaction of $57,778.11. Following the transaction, the insider now directly owns 81,081 shares in the company, valued at $2,940,807.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,426 shares of company stock worth $3,543,308. Insiders own 5.30% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “34,460 Shares in Zendesk Inc (ZEN) Purchased by Lisanti Capital Growth LLC” was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://theolympiareport.com/2018/02/10/34460-shares-in-zendesk-inc-zen-purchased-by-lisanti-capital-growth-llc.html.

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.

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.