Zendesk, Inc. (ZEN) Reaches $42.79 52-Week High; Northeast Investment Management Has Trimmed By $713,143 Its Nxp Semiconductors (NXPI) Position

February 16, 2018 - By Richard Conner

Northeast Investment Management decreased Nxp Semiconductors (NXPI) stake by 72.96% reported in 2017Q3 SEC filing. Northeast Investment Management sold 6,311 shares as Nxp Semiconductors (NXPI)’s stock rose 5.22%. The Northeast Investment Management holds 2,339 shares with $265,000 value, down from 8,650 last quarter. Nxp Semiconductors now has $40.23 billion valuation. The stock increased 1.48% or $1.73 during the last trading session, reaching $118.65. About 2.73 million shares traded or 1.62% up from the average. NXP Semiconductors N.V. (NASDAQ:NXPI) has risen 24.67% since February 16, 2017 and is uptrending. It has outperformed by 7.97% the S&P500.

The stock of Zendesk, Inc. (NYSE:ZEN) hit a new 52-week high and has $46.64 target or 9.00% above today’s $42.79 share price. The 6 months bullish chart indicates low risk for the $4.34B company. The 1-year high was reported on Feb, 16 by Barchart.com. If the $46.64 price target is reached, the company will be worth $390.87M more. The stock increased 0.66% or $0.28 during the last trading session, reaching $42.79. About 342,087 shares traded. Zendesk, Inc. (NYSE:ZEN) has risen 6.73% since February 16, 2017 and is uptrending. It has underperformed by 9.97% the S&P500.

Zendesk, Inc., a software development company, provides software-as-a-service products for organizations. The company has market cap of $4.34 billion. The Company’s flagship product includes Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. It currently has negative earnings. The firm also offers Zendesk Chat, a live chat software to connect with clients on Websites, in applications, and on mobile devices; Zendesk Talk, a cloud call center software; Zendesk Help Center, a self-service destination with articles, interactive forums, and community; Zendesk Message, a customer messaging software; Zendesk Explore that makes customer data accessible across an organization; and Zendesk Connect, a customer intelligence software.

Among 21 analysts covering Zendesk (NYSE:ZEN), 18 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. Zendesk has $48 highest and $25.0 lowest target. $37.40’s average target is -12.60% below currents $42.79 stock price. Zendesk had 56 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, April 13 by Guggenheim. The stock has “Buy” rating by Canaccord Genuity on Sunday, October 29. The stock has “Overweight” rating by KeyBanc Capital Markets on Wednesday, February 7. Craig Hallum maintained the shares of ZEN in report on Wednesday, February 7 with “Buy” rating. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, February 7. The stock of Zendesk, Inc. (NYSE:ZEN) earned “Buy” rating by Zacks on Wednesday, August 5. Summit Research initiated Zendesk, Inc. (NYSE:ZEN) on Monday, March 28 with “Buy” rating. The stock of Zendesk, Inc. (NYSE:ZEN) earned “Outperform” rating by Credit Suisse on Friday, September 11. Canaccord Genuity maintained the shares of ZEN in report on Thursday, August 6 with “Buy” rating. The company was upgraded on Thursday, September 10 by Morgan Stanley.

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