Eric Bannasch Portfolio: 5 Biggest Stock Picks

4. Zendesk, Inc. (NYSE:ZEN)

Cadian Capital’s Stake Value: $217.14 million
Percentage of Cadian Capital’s 13F Portfolio: 9.64%
Number of Hedge Fund Holders: 52

Zendesk, Inc. (NYSE:ZEN) is a California-based software development company that provides products and services related to customer support and communications.

According to the second quarter security filings, Cadian Capital owned over 1.5 shares in the company, worth approximately $217.14 million, representing 9.64% of the portfolio.

On October 20, Barclays analyst Ryan MacWilliams assumed coverage of Zendesk, Inc. (NYSE:ZEN) with an Overweight rating and $170 price target.

At the end of the second quarter of 2021, 52 hedge funds in the database of Insider Monkey held stakes worth $1.8 billion in Zendesk, Inc. (NYSE:ZEN), up from 45 in the previous quarter worth $1.4 billion.