As Zendesk (ZEN) Share Value Declined, Holder Ems Capital LP Has Lowered by $6.96 Million Its Stake; Accenture Plc Ireland (ACN) Holder Bragg Financial Advisors Raised Its Stake

February 16, 2018 - By Marie Mckinney

Edmond M. Safra decreased its stake in Zendesk Inc (ZEN) by 16.67% based on its latest 2017Q3 regulatory filing with the SEC. Ems Capital Lp sold 240,000 shares as the company’s stock declined 10.76% while stock markets rallied. The hedge fund run by Edmond M. Safra held 1.20M shares of the technology company at the end of 2017Q3, valued at $34.93M, down from 1.44M at the end of the previous reported quarter. Ems Capital Lp who had been investing in Zendesk Inc for a number of months, seems to be less bullish one the $4.30 billion market cap company. The stock decreased 0.31% or $0.13 during the last trading session, reaching $42.38. About 948,941 shares traded or 11.21% up from the average. Zendesk, Inc. (NYSE:ZEN) has risen 6.73% since February 16, 2017 and is uptrending. It has underperformed by 9.97% the S&P500.

Bragg Financial Advisors Inc increased its stake in Accenture Plc Ireland (ACN) by 63.55% based on its latest 2017Q3 regulatory filing with the SEC. Bragg Financial Advisors Inc bought 5,065 shares as the company’s stock declined 0.21% while stock markets rallied. The institutional investor held 13,035 shares of the business services company at the end of 2017Q3, valued at $1.76M, up from 7,970 at the end of the previous reported quarter. Bragg Financial Advisors Inc who had been investing in Accenture Plc Ireland for a number of months, seems to be bullish on the $100.29B market cap company. The stock increased 0.97% or $1.57 during the last trading session, reaching $162.63. About 1.52M shares traded. Accenture plc (NYSE:ACN) has risen 4.27% since February 16, 2017 and is uptrending. It has underperformed by 12.43% the S&P500.

Ems Capital Lp, which manages about $1.78 billion and $1.20B US Long portfolio, upped its stake in Ptc Inc (NASDAQ:PTC) by 240,000 shares to 360,000 shares, valued at $20.26M in 2017Q3, according to the filing.

Among 21 analysts covering Zendesk (NYSE:ZEN), 18 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. Zendesk had 56 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Wednesday, February 7 by Morgan Stanley. The firm has “Buy” rating by Cowen & Co given on Wednesday, February 7. The stock of Zendesk, Inc. (NYSE:ZEN) has “Overweight” rating given on Thursday, July 14 by Morgan Stanley. Rosenblatt maintained the shares of ZEN in report on Wednesday, November 4 with “Buy” rating. The rating was maintained by Piper Jaffray with “Buy” on Thursday, October 12. RBC Capital Markets maintained Zendesk, Inc. (NYSE:ZEN) rating on Thursday, November 2. RBC Capital Markets has “Buy” rating and $39.0 target. The firm has “Buy” rating by Canaccord Genuity given on Thursday, November 2. On Wednesday, February 7 the stock rating was maintained by Bank of America with “Buy”. RBC Capital Markets maintained Zendesk, Inc. (NYSE:ZEN) rating on Sunday, October 8. RBC Capital Markets has “Buy” rating and $31.0 target. The rating was reinitiated by UBS on Thursday, November 9 with “Neutral”.

Bragg Financial Advisors Inc, which manages about $960.65M and $652.54M US Long portfolio, decreased its stake in Symantec Corp (NASDAQ:SYMC) by 11,189 shares to 155,415 shares, valued at $5.10M in 2017Q3, according to the filing. It also reduced its holding in Prestige Brands Hldgs Inc (NYSE:PBH) by 15,175 shares in the quarter, leaving it with 27,050 shares, and cut its stake in International Business Machs (NYSE:IBM).

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