Associated Banc-Corp Raised Its Bank Amer (BAC) Position; Zendesk (ZEN) Shorts Down By 18.22%

February 4, 2018 - By Henry Gaston

Zendesk Incorporated (NYSE:ZEN) had a decrease of 18.22% in short interest. ZEN’s SI was 4.38 million shares in February as released by FINRA. Its down 18.22% from 5.35M shares previously. With 880,200 avg volume, 5 days are for Zendesk Incorporated (NYSE:ZEN)’s short sellers to cover ZEN’s short positions. The stock decreased 2.29% or $0.89 during the last trading session, reaching $37.94. About 725,803 shares traded. Zendesk, Inc. (NYSE:ZEN) has risen 6.73% since February 4, 2017 and is uptrending. It has underperformed by 9.97% the S&P500.

Associated Banc-Corp increased Bank Amer Corp (BAC) stake by 55.12% reported in 2017Q3 SEC filing. Associated Banc-Corp acquired 96,804 shares as Bank Amer Corp (BAC)’s stock declined 6.00%. The Associated Banc-Corp holds 272,440 shares with $6.90M value, up from 175,636 last quarter. Bank Amer Corp now has $328.68 billion valuation. The stock decreased 1.69% or $0.55 during the last trading session, reaching $31.95. About 96.97 million shares traded or 38.40% up from the average. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 4, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Among 19 analysts covering Zendesk (NYSE:ZEN), 16 have Buy rating, 1 Sell and 2 Hold. Therefore 84% are positive. Zendesk had 47 analyst reports since August 5, 2015 according to SRatingsIntel. Canaccord Genuity maintained Zendesk, Inc. (NYSE:ZEN) on Tuesday, August 8 with “Buy” rating. RBC Capital Markets maintained Zendesk, Inc. (NYSE:ZEN) rating on Sunday, October 8. RBC Capital Markets has “Buy” rating and $31.0 target. The company was maintained on Thursday, August 24 by KeyBanc Capital Markets. On Thursday, October 12 the stock rating was maintained by Piper Jaffray with “Buy”. RBC Capital Markets maintained it with “Buy” rating and $3100 target in Sunday, July 30 report. On Friday, July 21 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Zendesk, Inc. (NYSE:ZEN) has “Overweight” rating given on Thursday, July 14 by Morgan Stanley. Evercore initiated it with “Outperform” rating and $34 target in Friday, September 8 report. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, October 12. RBC Capital Markets maintained the shares of ZEN in report on Wednesday, October 18 with “Buy” rating.

Zendesk, Inc., a software development company, provides software-as-a-service products for organizations. The company has market cap of $3.85 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.

Since August 10, 2017, it had 0 insider purchases, and 1 sale for $2.10 million activity. Shares for $2.10M were sold by BRAMBLE FRANK P.

Associated Banc-Corp decreased Bristol Myers Squibb Co (NYSE:BMY) stake by 6,434 shares to 144,408 valued at $9.21M in 2017Q3. It also reduced Jpmorgan Chase & Co (NYSE:JPM) stake by 4,604 shares and now owns 403,101 shares. Gilead Sciences Inc (NASDAQ:GILD) was reduced too.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2. It dropped, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Sanders Capital Ltd stated it has 4.63% in Bank of America Corporation (NYSE:BAC). 60.84M are owned by Alliancebernstein Lp. Motco invested 0.01% in Bank of America Corporation (NYSE:BAC). Oxbow Advsr Ltd Liability Corp stated it has 61,348 shares or 0.3% of all its holdings. Destination Wealth Management owns 19,462 shares. 14,528 are owned by Sky. North Carolina-based Triangle Secs Wealth Mgmt has invested 0.45% in Bank of America Corporation (NYSE:BAC). Redwood Lc accumulated 1.09 million shares or 2.82% of the stock. Signalpoint Asset Management invested in 38,683 shares. Crystal Rock Capital Mngmt stated it has 3.42% in Bank of America Corporation (NYSE:BAC). Busey reported 31,657 shares. Adell Harriman And Carpenter stated it has 0.09% of its portfolio in Bank of America Corporation (NYSE:BAC). Loews Corporation has invested 0% in Bank of America Corporation (NYSE:BAC). Argentiere Capital Ag owns 81,100 shares or 0.79% of their US portfolio. Private Advisor Gp Limited Liability Corporation holds 559,411 shares or 0.36% of its portfolio.