Cortina Asset Management Lowered By $2.97 Million Its Ringcentral (RNG) Holding; Independent Order Of Foresters Has Lifted Its Taubman Centers (TCO) Holding

February 15, 2018 - By Peter Erickson

Cortina Asset Management Llc decreased Ringcentral Inc (RNG) stake by 33.74% reported in 2017Q3 SEC filing. Cortina Asset Management Llc sold 72,519 shares as Ringcentral Inc (RNG)’s stock rose 34.13%. The Cortina Asset Management Llc holds 142,384 shares with $5.95 million value, down from 214,903 last quarter. Ringcentral Inc now has $4.65 billion valuation. The stock increased 3.98% or $2.3 during the last trading session, reaching $60.15. About 723,885 shares traded or 51.63% up from the average. RingCentral, Inc. (NYSE:RNG) has risen 80.85% since February 15, 2017 and is uptrending. It has outperformed by 64.15% the S&P500.

Independent Order Of Foresters increased Taubman Centers Inc. (TCO) stake by 17.15% reported in 2017Q3 SEC filing. Independent Order Of Foresters acquired 8,000 shares as Taubman Centers Inc. (TCO)’s stock declined 11.85%. The Independent Order Of Foresters holds 54,648 shares with $2.72 million value, up from 46,648 last quarter. Taubman Centers Inc. now has $5.12 billion valuation. The stock increased 0.78% or $0.46 during the last trading session, reaching $59.8. About 318,389 shares traded. Taubman Centers, Inc. (NYSE:TCO) has declined 13.21% since February 15, 2017 and is downtrending. It has underperformed by 29.91% the S&P500.

Since August 16, 2017, it had 0 buys, and 23 insider sales for $18.13 million activity. Another trade for 48,666 shares valued at $2.29M was made by Shmunis Vladimir on Monday, December 11. $311,483 worth of RingCentral, Inc. (NYSE:RNG) was sold by Marlow John H on Friday, August 25. Shah Praful sold $379,800 worth of stock. $447,175 worth of RingCentral, Inc. (NYSE:RNG) was sold by Sipes David. $131,160 worth of RingCentral, Inc. (NYSE:RNG) was sold by Dhruv Mitesh on Wednesday, October 4. Another trade for 22,000 shares valued at $869,000 was made by Williams R Neil on Wednesday, August 16.

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.32, from 1.31 in 2017Q2. It fall, as 18 investors sold RNG shares while 62 reduced holdings. 26 funds opened positions while 53 raised stakes. 55.54 million shares or 2.55% more from 54.16 million shares in 2017Q2 were reported. Panagora Asset reported 0% in RingCentral, Inc. (NYSE:RNG). Moreover, Rothschild Asset has 0.04% invested in RingCentral, Inc. (NYSE:RNG). Neuberger Berman Gru Ltd Liability Com, a New York-based fund reported 35,300 shares. Rainier Mgmt Ltd Liability Com, a Washington-based fund reported 141,840 shares. Whale Rock Capital Ltd Com holds 2.18% or 1.00 million shares in its portfolio. Renaissance Technology Ltd Liability Corporation has invested 0.08% of its portfolio in RingCentral, Inc. (NYSE:RNG). Swiss Natl Bank has invested 0% in RingCentral, Inc. (NYSE:RNG). 1492 Cap Mngmt Ltd Limited Liability Company invested in 4.74% or 128,399 shares. Atika Capital Ltd has 1.73% invested in RingCentral, Inc. (NYSE:RNG) for 144,000 shares. Td Asset Management Inc invested in 0% or 20,627 shares. Aperio Grp Ltd Liability Corp holds 0% of its portfolio in RingCentral, Inc. (NYSE:RNG) for 12,607 shares. Eagle Asset Mngmt Inc stated it has 0.08% in RingCentral, Inc. (NYSE:RNG). Principal Fin has invested 0% in RingCentral, Inc. (NYSE:RNG). Ameriprise Financial Inc stated it has 101,421 shares. Arrowstreet Cap Limited Partnership invested in 0.03% or 309,174 shares.

Cortina Asset Management Llc increased Physicians Realty Trust (NYSE:DOC) stake by 72,710 shares to 332,735 valued at $5.90M in 2017Q3. It also upped Financial Engines Inc (NASDAQ:FNGN) stake by 57,106 shares and now owns 276,778 shares. Nxstage Medical Inc (NASDAQ:NXTM) was raised too.

Among 18 analysts covering RingCentral (NYSE:RNG), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. RingCentral had 60 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, June 28, the company rating was initiated by Summit Redstone Partners. Oppenheimer maintained the stock with “Outperform” rating in Tuesday, November 3 report. The firm earned “Strong Buy” rating on Friday, July 31 by Raymond James. As per Tuesday, December 12, the company rating was downgraded by J.P. Morgan. The firm has “Buy” rating by Craig Hallum given on Thursday, November 9. Northland Capital maintained the stock with “Buy” rating in Tuesday, February 13 report. Jefferies maintained the shares of RNG in report on Thursday, November 9 with “Buy” rating. The stock of RingCentral, Inc. (NYSE:RNG) earned “Neutral” rating by JP Morgan on Tuesday, February 13. Jefferies maintained RingCentral, Inc. (NYSE:RNG) on Monday, February 12 with “Buy” rating. Robert W. Baird upgraded RingCentral, Inc. (NYSE:RNG) rating on Monday, December 12. Robert W. Baird has “Outperform” rating and $29 target.

Since December 13, 2017, it had 1 buy, and 3 sales for $5.60 million activity. 318 shares were sold by Wolff David A., worth $20,657 on Tuesday, December 19. On Wednesday, December 13 TAUBMAN ROBERT S sold $3.64 million worth of Taubman Centers, Inc. (NYSE:TCO) or 58,000 shares. On Wednesday, December 13 the insider TAUBMAN WILLIAM S sold $2.19M. Another trade for 4,000 shares valued at $253,400 was bought by Marakovits Cornelia Connelly.

Among 19 analysts covering Taubman Centers Inc. (NYSE:TCO), 4 have Buy rating, 1 Sell and 14 Hold. Therefore 21% are positive. Taubman Centers Inc. had 34 analyst reports since July 21, 2015 according to SRatingsIntel. KeyBanc Capital Markets upgraded the shares of TCO in report on Monday, September 14 to “Overweight” rating. Morgan Stanley downgraded Taubman Centers, Inc. (NYSE:TCO) on Monday, September 18 to “Underweight” rating. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, January 9 report. The stock has “Hold” rating by Boenning & Scattergood on Monday, July 31. The company was maintained on Tuesday, September 8 by Evercore. Citigroup maintained it with “Neutral” rating and $61 target in Tuesday, February 13 report. The rating was upgraded by Cowen & Co on Wednesday, October 14 to “Outperform”. Credit Suisse reinitiated the shares of TCO in report on Wednesday, March 16 with “Outperform” rating. Raymond James initiated the shares of TCO in report on Friday, September 18 with “Mkt Perform” rating. The stock of Taubman Centers, Inc. (NYSE:TCO) earned “Underperform” rating by Jefferies on Tuesday, January 12.

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