Shell Asset Management Co Decreased Ringcentral INC (RNG) Stake by $5.68 Million as Shares Rose

June 29, 2018 - By Alice Fox

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 is positive due to RNG positioning: 11 sold and 79 reduced. 58 funds bought positions and 46 increased positions. Investors holded 56.14 million in 2017Q4 but now own 57.87 million shares or 3.07% more. Stifel Fin invested 0% in RingCentral, Inc. (NYSE:RNG). Spark Mngmt Limited Liability Corp has invested 0.07% in RingCentral, Inc. (NYSE:RNG). Wolverine Asset Limited Liability Corp holds 0.03% or 40,900 shs. Brighton Jones Limited Liability invested in 18,512 shs. Moody Bankshares Division invested in 11,155 shs or 0.04% of the stock. Castleark Mgmt Lc reported 200,777 shs stake. Bluecrest Ltd reported 7,707 shs. Barclays Pcl reported 0% in RingCentral, Inc. (NYSE:RNG). Cwm Limited Liability Corp invested 0% in RingCentral, Inc. (NYSE:RNG). Timpani Capital Management Limited Co has 87,558 shs. Moreover, Gradient Limited Com has 0% invested in RingCentral, Inc. (NYSE:RNG) for 299 shs. Atika Cap Mgmt Limited accumulated 2.75% or 126,200 shs. Capital Impact Limited Co accumulated 0.92% or 35,131 shs. New York-based Gilder Gagnon Howe & Com Ltd Liability Com has invested 2.31% in RingCentral, Inc. (NYSE:RNG). Price T Rowe Md owns 764,539 shs.

RNG registered $20.62 million net activity with 0 insider buys and 24 sales since January 4, 2018. On Wednesday, March 7 Sipes David sold $610,162 worth of RingCentral, Inc. (NYSE:RNG) or 9,300 shs. On Monday, May 21 Dhruv Mitesh had sold 3,000 shs worth $217,350. $732,280 worth of RingCentral, Inc. (NYSE:RNG) was sold by Shah Praful. On Tuesday, May 29 6,789 shs were sold by Michelle McKenna, worth $501,707. THEIS ROBERT I sold $150,000 worth of stock. Marlow John H sold $803,642 worth of RingCentral, Inc. (NYSE:RNG) on Thursday, February 22.

The stake In Ringcentral Inc (RNG) was reduced held by Shell Asset Management Co. According to 2018Q1 SEC form the decrease is 47.03%. By selling 90,183 shares Shell Asset Management Co made the stock popped up with 16.86%. The technology company at the end of 2018Q1 was priced 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 MC of Ringcentral Inc. RNG hit $70.4 during the last trading session after $0.45 change.Currently RingCentral, Inc. is uptrending after 114.00% change in last June 29, 2017. RNG has also 153,324 shares volume. RNG outperformed the S&P 500 by 101.43%.

Shell Asset Management Co rose its stake in Agco Corp (NYSE:AGCO) by 46,926 shares to 49,588 shares, valued at $3.22M in 2018Q1, according to the filing. It operates about $5.02 billion US Long portfolio. For a total of 1.27M shares it increased its holding in Microsoft Corp (NASDAQ:MSFT) by 161,468 shares in the quarter, and has risen its stake in Aflac Inc (NYSE:AFL).

On August, 1 WallStreet awaited RingCentral, Inc. (NYSE:RNG)’s earnings release, Faxor reports. Last year’s EPS was $-0.1, while now analysts expect change of 40.00 % up from current $-0.06 EPS.

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

RingCentral, Inc. (NYSE:RNG) Ratings Coverage

A total of 11 analysts rate RingCentral (NYSE:RNG) as follows: 8 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 73% are bullish. (NYSE:RNG) has 17 ratings reports on Jun 29, 2018 according to StockzIntelligence. The stock rating was maintained by Stephens with “Buy” on Tuesday, February 13. On Tuesday, February 13 JP Morgan maintained RingCentral, Inc. (NYSE:RNG) with “Neutral” rating. In Monday, February 12 report Jefferies maintained the stock with “Buy” rating. On Friday, June 15 the firm has “Neutral” rating by JP Morgan given. On Friday, March 16 the stock of RingCentral, Inc. (NYSE:RNG) earned “Buy” rating by Jefferies. The company rating was maintained by SunTrust on Monday, February 12. On Tuesday, February 13 Craig Hallum maintained RingCentral, Inc. (NYSE:RNG) rating. Craig Hallum has “Buy” rating and $65.0 target. On Monday, February 12 the company was maintained by William Blair. In Tuesday, February 13 report Morgan Stanley maintained it with “Overweight” rating and $60 target. On Friday, June 15 Jefferies maintained the shares of RNG in report with “Buy” rating.

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

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