Whale Rock Capital Management Lifted Holding in Ringcentral (RNG) by $8.59 Million; Bb&T Securities Has Decreased Aon Plc (AON) Position by $453,270; Valuation Rose

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Whale Rock Capital Management Llc increased its stake in Ringcentral Inc (RNG) by 7.34% based on its latest 2018Q4 regulatory filing with the SEC. Whale Rock Capital Management Llc bought 104,756 shares as the company’s stock rose 31.16% with the market. The hedge fund held 1.53 million shares of the technology company at the end of 2018Q4, valued at $126.33M, up from 1.43 million at the end of the previous reported quarter. Whale Rock Capital Management Llc who had been investing in Ringcentral Inc for a number of months, seems to be bullish on the $9.64 billion market cap company. The stock increased 1.68% or $1.95 during the last trading session, reaching $117.7. About 24,095 shares traded. RingCentral, Inc. (NYSE:RNG) has risen 65.43% since May 14, 2018 and is uptrending. It has outperformed by 61.06% the S&P500. Some Historical RNG News: 15/05/2018 – RingCentral Presenting at JPMorgan Conference Tomorrow; 30/05/2018 – RingCentral Investor Day and Upcoming Conference Participation; 09/05/2018 – RINGCENTRAL 1Q REV. $150.3M, EST. $145.4M; 09/05/2018 – RINGCENTRAL 1Q ADJ EPS 16C, EST. 12C; 07/03/2018 – RingCentral Launches Integrated Collaborative Meetings Solution; 09/05/2018 – RingCentral Sees FY18 Rev $638M-$647M; 19/04/2018 – RingCentral Presenting at JPMorgan Conference May 16; 29/03/2018 – Pacific Dental Services® Delivers Superior Patient Experience With RingCentral’s Cloud Communications Solutions Across Over 625 Office Locations; 09/05/2018 – RINGCENTRAL INC SEES FULL YEAR 2018 TOTAL REVENUE RANGE TO $638 TO $647 MLN; 23/04/2018 – DJ RingCentral Inc Class A, Inst Holders, 1Q 2018 (RNG)

Bb&T Securities Llc decreased its stake in Aon Plc (AON) by 18.88% based on its latest 2018Q4 regulatory filing with the SEC. Bb&T Securities Llc sold 3,126 shares as the company’s stock rose 4.05% with the market. The institutional investor held 13,434 shares of the specialty insurers company at the end of 2018Q4, valued at $1.95M, down from 16,560 at the end of the previous reported quarter. Bb&T Securities Llc who had been investing in Aon Plc for a number of months, seems to be less bullish one the $42.48 billion market cap company. The stock increased 0.21% or $0.37 during the last trading session, reaching $176.6. About 10,654 shares traded. Aon plc (NYSE:AON) has risen 24.14% since May 14, 2018 and is uptrending. It has outperformed by 19.77% the S&P500. Some Historical AON News: 10/04/2018 – Aon and HP Join Forces to Combat Cyber Risk; 25/04/2018 – AON CHIEF SAYS INSURANCE INDUSTRY LOSING RELEVANCE: FT; 06/03/2018 – MOVES-Aon names Mike Edwards as partner in UK risk settlement team; 10/04/2018 – AON PLC – SOLUTION WILL BE AVAILABLE THROUGH HP DEVICE AS A SERVICE OFFERING; 08/05/2018 – AON PLC AON.N : CITIGROUP RAISES TARGET PRICE TO $165 FROM $160; 27/03/2018 – Aon Captive CEO Mullen to take helm at Artex; 13/04/2018 – AON REPORTS 11% BOOST TO ANNUAL CASH DIV; 25/04/2018 – AON IBERIA BUYS INSPIRING BENEFITS; 23/03/2018 – Shanaghy named Aon UK COO; 12/04/2018 – Secureworks Wins Aon’s Best Employer Award in Romania

Whale Rock Capital Management Llc, which manages about $1.16 billion and $3.14 billion US Long portfolio, decreased its stake in Mongodb Inc by 1.44 million shares to 2.39M shares, valued at $200.22 million in 2018Q4, according to the filing. It also reduced its holding in Pluralsight Inc by 1.08 million shares in the quarter, leaving it with 2.04M shares, and cut its stake in Square Inc (Call).

Investors sentiment decreased to 0.99 in Q4 2018. Its down 0.09, from 1.08 in 2018Q3. It fall, as 32 investors sold RNG shares while 86 reduced holdings. 51 funds opened positions while 66 raised stakes. 63.01 million shares or 3.42% more from 60.93 million shares in 2018Q3 were reported. Css Llc Il has 0.02% invested in RingCentral, Inc. (NYSE:RNG) for 4,235 shares. Signaturefd Limited reported 277 shares. Canada Pension Plan Board reported 0.04% of its portfolio in RingCentral, Inc. (NYSE:RNG). Macroview Invest Mgmt Ltd Liability Company holds 0.01% in RingCentral, Inc. (NYSE:RNG) or 40 shares. Exane Derivatives owns 5,572 shares or 0% of their US portfolio. Northern Trust Corp has 326,874 shares for 0.01% of their portfolio. California Employees Retirement owns 0.02% invested in RingCentral, Inc. (NYSE:RNG) for 137,986 shares. Chicago Equity Partners Limited Liability Corporation holds 4,775 shares or 0.02% of its portfolio. First Mercantile Co reported 5,508 shares stake. Aperio Limited Co invested in 20,323 shares. Next Century Growth Invsts Limited Liability holds 0.83% or 71,132 shares. Bailard holds 0.2% or 35,400 shares in its portfolio. Cibc Asset Management owns 2,500 shares for 0% of their portfolio. Moreover, Spark Invest Management Ltd Liability Corp has 0.72% invested in RingCentral, Inc. (NYSE:RNG) for 126,400 shares. Price T Rowe Assoc Md accumulated 0% or 23,337 shares.

More notable recent RingCentral, Inc. (NYSE:RNG) news were published by: Businesswire.com which released: “RingCentral Partners with PCM to Bring Cloud Communications Solutions to Enterprises – Business Wire” on April 16, 2019, also 247Wallst.com with their article: “Could 4 Top Cloud Software Stocks Crush Earnings Estimates? – 24/7 Wall St.” published on April 24, 2019, Businesswire.com published: “Detroit Pistons Partner with RingCentral to Bring Enterprise-Grade Cloud Communications to the Organization and Enhance Fan Engagement – Business Wire” on April 18, 2019. More interesting news about RingCentral, Inc. (NYSE:RNG) were released by: Investorplace.com and their article: “Zoom Is the Perfect Stock for This Market – Investorplace.com” published on April 29, 2019 as well as Seekingalpha.com‘s news article titled: “RingCentral Continues To Exceed Expectations – Seeking Alpha” with publication date: March 30, 2019.

Since November 20, 2018, it had 0 buys, and 18 sales for $17.44 million activity. 51,532 RingCentral, Inc. (NYSE:RNG) shares with value of $4.41M were sold by Shmunis Vladimir. $137,082 worth of RingCentral, Inc. (NYSE:RNG) was sold by Dhruv Mitesh. Shah Praful sold $214,750 worth of stock or 2,500 shares. On Thursday, December 13 Sipes David sold $497,437 worth of RingCentral, Inc. (NYSE:RNG) or 5,842 shares. Marlow John H had sold 17,789 shares worth $1.32M.

Bb&T Securities Llc, which manages about $6.38 billion and $9.03 billion US Long portfolio, upped its stake in Vanguard Index Fds (VTV) by 20,260 shares to 265,825 shares, valued at $26.04M in 2018Q4, according to the filing. It also increased its holding in Brown & Brown Inc (NYSE:BRO) by 37,380 shares in the quarter, for a total of 131,196 shares, and has risen its stake in Pgim Etf Tr.

Analysts await Aon plc (NYSE:AON) to report earnings on July, 26. They expect $1.88 earnings per share, up 9.94% or $0.17 from last year’s $1.71 per share. AON’s profit will be $452.18M for 23.48 P/E if the $1.88 EPS becomes a reality. After $3.31 actual earnings per share reported by Aon plc for the previous quarter, Wall Street now forecasts -43.20% negative EPS growth.

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

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