Shell Asset Management Co Stake in Ringcentral INC (RNG) Decreased

June 29, 2018 - By Mark Williams

RingCentral, Inc. (NYSE:RNG) Corporate LogoBig Money Sentiment increased to 1.16 in 2018 Q1. It has change of 0.19, from 2017Q4’s 0.97. The ratio increased due to RNG positioning: 11 sold and 79 reduced. 58 funds took positions and 46 increased positions. Investors holded 56.14 million in 2017Q4 but now own 57.87 million shares or 3.07% more. Prelude Mngmt Ltd Com has 0.09% invested in RingCentral, Inc. (NYSE:RNG). Peak6 Limited Partnership reported 32,127 shs or 0.01% of all its holdings. Wellington Mgmt Grp Limited Liability Partnership holds 0% or 213,527 shs in its capital. Gru One Trading LP stated it has 1,300 shs. Proshare Advsr Lc owns 8,318 shs. Fortaleza Asset Mngmt holds 1,190 shs. Stifel Fincl Corporation invested 0% of its capital in RingCentral, Inc. (NYSE:RNG). California State Teachers Retirement Systems holds 0.01% or 99,097 shs. Principal Financial Gru invested in 50,191 shs or 0% of the stock. Teacher Retirement System Of Texas has invested 0.01% of its capital in RingCentral, Inc. (NYSE:RNG). 12 West Capital Mgmt Limited Partnership holds 300,000 shs or 2.09% of its capital. New York-based Neuberger Berman Gp Ltd Com has invested 0% in RingCentral, Inc. (NYSE:RNG). 35,675 were accumulated by Ubs Asset Mgmt Americas Inc. Panagora Asset Management Inc invested in 0.01% or 39,728 shs. Morgan Stanley holds 168,642 shs.

RNG had 24 selling transactions and 0 buys since January 4, 2018. This’s net activity of $20.62 million. Dhruv Mitesh sold $187,560 worth of RingCentral, Inc. (NYSE:RNG) on Tuesday, February 20. 24,056 shs valued at $1.60M were sold by Shmunis Vladimir on Friday, March 9. $928,250 worth of RingCentral, Inc. (NYSE:RNG) was sold by Marlow John H. Michelle McKenna also sold $501,707 worth of RingCentral, Inc. (NYSE:RNG) shs. On Thursday, March 8 Shah Praful sold $661,300 worth of RingCentral, Inc. (NYSE:RNG). 2,000 shs were sold by THEIS ROBERT I, worth $150,000 on Tuesday, May 29.

Shell Asset Management Co’s holdings in Ringcentral Inc (RNG) is reduced by 47.03% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock rose 16.86% while stock markets declined as Shell Asset Management Co sold 90,183 shares. The technology company at the end of 2018Q1 was valued at $6.45M. It’s down from 191,749 at the end of the previous reported quarter. Now it had 101,566 shares held by the institutional investor . $5.54 billion is the market cap of Ringcentral Inc. The stock decreased 0.64% or $0.45 during the last trading session, reaching $70.4.Currently RingCentral, Inc. is uptrending after 114.00% change in last June 29, 2017. RNG has also 153,324 shares volume. RNG outperformed by 101.43% the S&P 500.

Shell Asset Management Co manages about $5.02B US Long portfolio. Its stake in Fiserv Inc (NASDAQ:FISV) was increased by 86,939 shares to 172,066 shares valued at $12.27 million in 2018Q1, according to the filing. For a total of 186,898 shares it increased its holding in Splunk Inc (NASDAQ:SPLK) by 31,071 shares in the quarter, and has risen its stake in Nvidia Corp (NASDAQ:NVDA).

RingCentral, Inc. (NYSE:RNG)’s earnings report is awaited on August, 1., as reported by RTT. Analysts expect change of 40.00 % or $0.04 from previous year’s $-0.1 EPS compared to current’s $-0.06 EPS.

For more RingCentral, Inc. (NYSE:RNG) news announced briefly go to: Streetinsider.com, Businesswire.com, Nasdaq.com, Streetinsider.com or Streetinsider.com. The titles are as follows: “William Blair Remains Bullish on Ringcentral, Inc. (RNG) Following Analyst Day” announced on June 18, 2018, “Intelsat Empowers Global Workforce With RingCentral Cloud Communications Solutions” on June 11, 2018, “Report: Exploring Fundamental Drivers Behind MSC Industrial Direct, Timken, CoreLogic, Genesco, MoneyGram …” with a publish date: June 28, 2018, “UPDATE: RingCentral (RNG) PT Raised to $92 at Oppenheimer” and the last “RingCentral (RNG) PT Raised to $82 at Northland Capital Markets” with publication date: June 19, 2018.

RingCentral, Inc. (NYSE:RNG) Ratings Coverage

In total 11 analysts cover RingCentral (NYSE:RNG). “Buy” rating has 8, “Sell” are 0, while 3 are “Hold”. (NYSE:RNG) has 73% bullish analysts. 17 are the (NYSE:RNG)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Tuesday, February 13 the stock has “Neutral” rating by JP Morgan. The stock rating was maintained by Jefferies with “Buy” on Friday, March 16. On Monday, February 12 the stock of RingCentral, Inc. (NYSE:RNG) earned “Buy” rating by William Blair. On Tuesday, June 19 the firm has “Outperform” rating by Oppenheimer given. On Thursday, May 10 the firm has “Buy” rating given by Craig Hallum. On Monday, April 23 the stock of RingCentral, Inc. (NYSE:RNG) has “Buy” rating given by Northland Capital. On Tuesday, February 13 the stock of RingCentral, Inc. (NYSE:RNG) earned “Hold” rating by Robert W. Baird. On Monday, February 12 the rating was maintained by Jefferies with “Buy”. On Monday, February 12 SunTrust maintained RingCentral, Inc. (NYSE:RNG) with “Buy” rating. On Tuesday, February 13 Morgan Stanley maintained the shares of RNG in report with “Overweight” rating.

RingCentral, Inc. (NYSE:RNG) Institutional Investors Chart

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