Intech Investment Management LLC Has $4.55 Million Stake in Zoom Communications, Inc. $ZM

Intech Investment Management LLC raised its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 247.7% in the second quarter, Holdings Channel reports. The fund owned 58,364 shares of the company’s stock after buying an additional 41,579 shares during the quarter. Intech Investment Management LLC’s holdings in Zoom Communications were worth $4,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cetera Investment Advisers lifted its position in shares of Zoom Communications by 7.8% during the 2nd quarter. Cetera Investment Advisers now owns 26,082 shares of the company’s stock worth $2,034,000 after purchasing an additional 1,876 shares during the last quarter. Creative Planning grew its holdings in Zoom Communications by 20.5% in the 2nd quarter. Creative Planning now owns 51,614 shares of the company’s stock valued at $4,025,000 after buying an additional 8,778 shares during the last quarter. Donoghue Forlines LLC bought a new position in Zoom Communications in the 2nd quarter worth approximately $2,696,000. Candriam S.C.A. lifted its holdings in shares of Zoom Communications by 49.4% during the second quarter. Candriam S.C.A. now owns 16,560 shares of the company’s stock worth $1,291,000 after buying an additional 5,477 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Zoom Communications by 4.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 39,988 shares of the company’s stock worth $3,118,000 after buying an additional 1,742 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Zoom Communications Price Performance

Zoom Communications stock opened at $81.86 on Tuesday. The business has a 50 day simple moving average of $83.09 and a 200 day simple moving average of $79.63. The company has a market capitalization of $24.77 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 11.49 and a beta of 0.79. Zoom Communications, Inc. has a one year low of $64.41 and a one year high of $92.80.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.39). The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Equities analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Zoom Communications

In other news, insider Velchamy Sankarlingam sold 7,660 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $628,120.00. Following the completion of the sale, the insider owned 132,795 shares of the company’s stock, valued at approximately $10,889,190. This trade represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Eric S. Yuan sold 73,378 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $86.15, for a total value of $6,321,514.70. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 321,470 shares of company stock worth $26,684,150 over the last ninety days. Company insiders own 10.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ZM. Morgan Stanley initiated coverage on shares of Zoom Communications in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $85.00 target price for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Zoom Communications in a research report on Tuesday, November 11th. Dbs Bank upgraded shares of Zoom Communications to a “moderate buy” rating in a research note on Tuesday, September 16th. Robert W. Baird decreased their target price on Zoom Communications from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, August 22nd. Finally, Citigroup upped their price target on Zoom Communications from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Zoom Communications presently has an average rating of “Hold” and an average price target of $92.35.

Zoom Communications Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.