RingCentral, Inc. (RNG) Forms $67.40 Double Top; Westinghouse Air Brake Technologies (WAB)’s Sentiment Is 0.93

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RingCentral, Inc. (RNG) formed double top with $73.47 target or 9.00% above today’s $67.40 share price. RingCentral, Inc. (RNG) has $5.30 billion valuation. The stock increased 1.05% or $0.7 during the last trading session, reaching $67.4. About 443,635 shares traded. RingCentral, Inc. (NYSE:RNG) has risen 143.04% since April 28, 2017 and is uptrending. It has outperformed by 131.49% the S&P500.

Westinghouse Air Brake Technologies Corp (WAB) investors sentiment increased to 0.93 in 2017 Q4. It’s up 0.11, from 0.82 in 2017Q3. The ratio is better, as 155 investment managers increased and started new positions, while 167 cut down and sold their stock positions in Westinghouse Air Brake Technologies Corp. The investment managers in our database now own: 102.49 million shares, up from 101.47 million shares in 2017Q3. Also, the number of investment managers holding Westinghouse Air Brake Technologies Corp in top ten positions was flat from 8 to 8 for the same number . Sold All: 28 Reduced: 139 Increased: 108 New Position: 47.

Park Presidio Capital Llc holds 8.52% of its portfolio in Westinghouse Air Brake Technologies Corporation for 675,000 shares. Altarock Partners Llc owns 686,426 shares or 7.34% of their US portfolio. Moreover, Mycio Wealth Partners Llc has 6.5% invested in the company for 739,289 shares. The Ontario – Canada-based Edgepoint Investment Group Inc. has invested 5.98% in the stock. Capital Counsel Llc Ny, a New York-based fund reported 831,967 shares.

The stock increased 0.48% or $0.43 during the last trading session, reaching $89.37. About 547,834 shares traded. Westinghouse Air Brake Technologies Corporation (WAB) has risen 7.58% since April 28, 2017 and is uptrending. It has underperformed by 3.97% the S&P500.

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology equipment and services for the freight rail and passenger transit vehicle industries worldwide. The company has market cap of $8.59 billion. It operates in two divisions, Freight and Transit. It has a 32.86 P/E ratio. The Freight segment makes and services components for new and existing locomotive and freight cars; supplies railway electronics and positive train control equipment; offers signal design and engineering services; manufactures switcher locomotives; rebuilds freight locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets.

Since December 11, 2017, it had 0 buys, and 19 insider sales for $13.15 million activity. Another trade for 10,000 shares valued at $643,420 was made by Shah Praful on Tuesday, February 20. The insider Marlow John H sold $803,642. Dhruv Mitesh sold $187,560 worth of stock. $1.59M worth of RingCentral, Inc. (NYSE:RNG) was sold by Shmunis Vladimir. 9,300 shares were sold by Sipes David, worth $454,398 on Wednesday, January 10.

Among 18 analysts covering RingCentral (NYSE:RNG), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. RingCentral has $81.0 highest and $22 lowest target. $53.44’s average target is -20.71% below currents $67.4 stock price. RingCentral had 63 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Craig Hallum on Thursday, November 9. The stock of RingCentral, Inc. (NYSE:RNG) has “Equal-Weight” rating given on Friday, April 27 by Morgan Stanley. On Wednesday, December 2 the stock rating was maintained by RBC Capital Markets with “Outperform”. Jefferies maintained it with “Buy” rating and $3800 target in Friday, June 30 report. The stock has “Buy” rating by SunTrust on Thursday, October 12. On Thursday, November 9 the stock rating was maintained by Jefferies with “Buy”. Northland Capital maintained RingCentral, Inc. (NYSE:RNG) rating on Tuesday, September 5. Northland Capital has “Buy” rating and $43.0 target. Canaccord Genuity initiated the stock with “Buy” rating in Monday, August 10 report. Bank of America maintained the stock with “Buy” rating in Tuesday, February 13 report. Jefferies maintained it with “Buy” rating and $29 target in Thursday, August 4 report.

Investors sentiment decreased to 0.97 in Q4 2017. Its down 0.02, from 0.99 in 2017Q3. It dropped, as 10 investors sold RingCentral, Inc. shares while 76 reduced holdings. 35 funds opened positions while 48 raised stakes. 56.14 million shares or 1.08% more from 55.54 million shares in 2017Q3 were reported. Amer Natl Registered Inv Advisor holds 12,080 shares or 0.28% of its portfolio. Columbus Circle Investors holds 0.48% of its portfolio in RingCentral, Inc. (NYSE:RNG) for 526,786 shares. Cubist Systematic Strategies has 0.02% invested in RingCentral, Inc. (NYSE:RNG). 12,325 were accumulated by Granite Point Cap Management Limited Partnership. Cortina Asset Ltd Liability reported 137,997 shares. Suntrust Banks stated it has 0% of its portfolio in RingCentral, Inc. (NYSE:RNG). Morgan Stanley invested in 166,658 shares. Ubs Asset Management Americas has 35,122 shares for 0% of their portfolio. Moreover, Fmr Lc has 0.04% invested in RingCentral, Inc. (NYSE:RNG). State Bank Of Montreal Can accumulated 0% or 519 shares. Northern has 799,681 shares. Td Asset Mgmt reported 19,627 shares. Soros Fund Management Ltd Liability holds 0.28% of its portfolio in RingCentral, Inc. (NYSE:RNG) for 250,000 shares. 1.29 million were accumulated by State Street Corporation. Prelude Capital Limited Com accumulated 437 shares or 0% of the stock.

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