Kayne Anderson Capital Advisors LP Has Cut Its Tpg Specialty Lending (TSLX) Stake; Dorsal Capital Management Boosted Zendesk (ZEN) Stake By $36.45 Million

November 23, 2017 - By Dolores Ford

Dorsal Capital Management Llc increased Zendesk Inc (ZEN) stake by 108% reported in 2017Q2 SEC filing. Dorsal Capital Management Llc acquired 1.35 million shares as Zendesk Inc (ZEN)’s stock declined 10.76%. The Dorsal Capital Management Llc holds 2.60M shares with $72.23 million value, up from 1.25 million last quarter. Zendesk Inc now has $3.57B valuation. The stock increased 1.38% or $0.48 on November 22, reaching $35.17. About 1.03M shares traded or 3.00% up from the average. Zendesk Inc (NYSE:ZEN) has risen 6.73% since November 23, 2016 and is uptrending. It has underperformed by 9.97% the S&P500.

Kayne Anderson Capital Advisors Lp decreased Tpg Specialty Lending Inc (TSLX) stake by 79.96% reported in 2017Q2 SEC filing. Kayne Anderson Capital Advisors Lp sold 39,900 shares as Tpg Specialty Lending Inc (TSLX)’s stock rose 6.27%. The Kayne Anderson Capital Advisors Lp holds 10,000 shares with $204,000 value, down from 49,900 last quarter. Tpg Specialty Lending Inc now has $1.25B valuation. The stock increased 1.22% or $0.25 on November 22, reaching $20.81. About 104,887 shares traded. TPG Specialty Lending Inc (NYSE:TSLX) has risen 27.65% since November 23, 2016 and is uptrending. It has outperformed by 10.95% the S&P500.

Dorsal Capital Management Llc decreased Amazon Com Inc (NASDAQ:AMZN) stake by 15,000 shares to 95,000 valued at $91.96M in 2017Q2. It also reduced Commscope Hldg Co Inc (NASDAQ:COMM) stake by 300,000 shares and now owns 2.00 million shares. Carmax Inc (Put) (NYSE:KMX) was reduced too.

Among 19 analysts covering Zendesk (NYSE:ZEN), 16 have Buy rating, 1 Sell and 2 Hold. Therefore 84% are positive. Zendesk had 44 analyst reports since August 5, 2015 according to SRatingsIntel. On Friday, September 11 the stock rating was initiated by RBC Capital Markets with “Outperform”. Morgan Stanley upgraded it to “Overweight” rating and $28 target in Thursday, September 10 report. The firm earned “Buy” rating on Wednesday, March 8 by Rosenblatt. The firm earned “Buy” rating on Thursday, November 2 by RBC Capital Markets. Morgan Stanley maintained the shares of ZEN in report on Thursday, July 14 with “Overweight” rating. Goldman Sachs maintained Zendesk Inc (NYSE:ZEN) on Tuesday, April 19 with “Buy” rating. The firm has “Hold” rating given on Friday, July 21 by Stifel Nicolaus. UBS reinitiated Zendesk Inc (NYSE:ZEN) on Thursday, November 9 with “Neutral” rating. The stock has “Buy” rating by Wells Fargo on Thursday, November 2. The stock has “Buy” rating by Canaccord Genuity on Thursday, November 2.

Analysts await TPG Specialty Lending Inc (NYSE:TSLX) to report earnings on February, 28. They expect $0.44 EPS, down 6.38% or $0.03 from last year’s $0.47 per share. TSLX’s profit will be $26.43M for 11.82 P/E if the $0.44 EPS becomes a reality. After $0.51 actual EPS reported by TPG Specialty Lending Inc for the previous quarter, Wall Street now forecasts -13.73% negative EPS growth.

Among 7 analysts covering TPG Specialty Lending (NYSE:TSLX), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. TPG Specialty Lending had 11 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, April 27 by Janney Capital. JMP Securities upgraded TPG Specialty Lending Inc (NYSE:TSLX) on Friday, August 5 to “Mkt Outperform” rating. The firm earned “Neutral” rating on Monday, November 28 by National Securities. The rating was maintained by JMP Securities with “Outperform” on Monday, August 7. The stock of TPG Specialty Lending Inc (NYSE:TSLX) has “Hold” rating given on Saturday, August 29 by Zacks. The stock has “Neutral” rating by Ladenburg Thalmann on Tuesday, December 8. Zacks downgraded the shares of TSLX in report on Saturday, August 15 to “Buy” rating. The firm has “Neutral” rating given on Friday, August 12 by Citigroup. The firm has “Hold” rating given on Wednesday, August 19 by Zacks.