Ringcentral (RNG) Shareholder Whale Rock Capital Management Has Decreased Its Holding by $3.13 Million; As Nuance Communications (Call) (NUAN) Valuation Rose, Shareholder Peconic Partners Has Trimmed Holding

February 10, 2018 - By Michael Collier

Alex Sacerdote decreased its stake in Ringcentral Inc (RNG) by 7.07% based on its latest 2017Q3 regulatory filing with the SEC. Whale Rock Capital Management Llc sold 76,363 shares as the company’s stock rose 34.13% with the market. The hedge fund run by Alex Sacerdote held 1.00M shares of the technology company at the end of 2017Q3, valued at $41.88M, down from 1.08 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 less bullish one the $4.03 billion market cap company. The stock decreased 0.48% or $0.25 during the last trading session, reaching $52.05. About 615,798 shares traded or 36.37% up from the average. RingCentral, Inc. (NYSE:RNG) has risen 80.85% since February 10, 2017 and is uptrending. It has outperformed by 64.15% the S&P500.

William Harnisch decreased its stake in Nuance Communications Inc (Call) (NUAN) by 77.78% based on its latest 2017Q3 regulatory filing with the SEC. Peconic Partners Llc sold 35,000 shares as the company’s stock rose 11.20% with the market. The hedge fund run by William Harnisch held 10,000 shares of the technology company at the end of 2017Q3, valued at $157,000, down from 45,000 at the end of the previous reported quarter. Peconic Partners Llc who had been investing in Nuance Communications Inc (Call) for a number of months, seems to be less bullish one the $4.73B market cap company. The stock decreased 1.29% or $0.21 during the last trading session, reaching $16.1. About 6.25 million shares traded or 65.04% up from the average. Nuance Communications, Inc. (NASDAQ:NUAN) has risen 16.56% since February 10, 2017 and is uptrending. It has underperformed by 0.14% the S&P500.

Investors sentiment increased to 0.95 in 2017 Q3. Its up 0.06, from 0.89 in 2017Q2. It improved, as 49 investors sold NUAN shares while 98 reduced holdings. 40 funds opened positions while 100 raised stakes. 201.88 million shares or 0.45% less from 202.79 million shares in 2017Q2 were reported. Cibc Asset Management has 0% invested in Nuance Communications, Inc. (NASDAQ:NUAN) for 17,303 shares. The New York-based Cornerstone Cap Mngmt Hldgs Limited Liability Corporation has invested 0.06% in Nuance Communications, Inc. (NASDAQ:NUAN). Kbc Group Inc Nv has invested 0.01% in Nuance Communications, Inc. (NASDAQ:NUAN). State Of New Jersey Common Pension Fund D holds 0.08% in Nuance Communications, Inc. (NASDAQ:NUAN) or 1.20M shares. Brown Capital holds 0.09% or 486,642 shares in its portfolio. Argent Mgmt Limited Com reported 18,845 shares. 225 were accumulated by Thompson Davis & Company. Amp Limited owns 0.01% invested in Nuance Communications, Inc. (NASDAQ:NUAN) for 80,284 shares. Highbridge Capital Lc reported 733,837 shares or 0.17% of all its holdings. Koch Industries accumulated 12,761 shares. Wesbanco State Bank Inc holds 0.04% of its portfolio in Nuance Communications, Inc. (NASDAQ:NUAN) for 43,691 shares. Amg Funds Limited Company, a Connecticut-based fund reported 70,914 shares. Capital Advisors Ltd Llc invested 0% in Nuance Communications, Inc. (NASDAQ:NUAN). Haverford Trust reported 20,000 shares. Tennessee-based Green Square Ltd Company has invested 0.15% in Nuance Communications, Inc. (NASDAQ:NUAN).

Peconic Partners Llc, which manages about $661.53 million and $620.13M US Long portfolio, upped its stake in Alps Etf Tr (AMLP) by 460,346 shares to 1.25M shares, valued at $13.99M in 2017Q3, according to the filing. It also increased its holding in T Mobile Us Inc (Call) (NYSE:TMUS) by 20,000 shares in the quarter, for a total of 30,000 shares, and has risen its stake in Diamondback Energy Inc (NASDAQ:FANG).

Since September 1, 2017, it had 0 buys, and 3 sales for $280,106 activity. Another trade for 4,682 shares valued at $74,912 was sold by Siegel Kenneth M.

Among 11 analysts covering Nuance Communications (NASDAQ:NUAN), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Nuance Communications had 34 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Friday, April 15 by Barclays Capital. The firm has “Buy” rating by Standpoint Research given on Friday, January 15. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, July 25. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, August 9. The stock of Nuance Communications, Inc. (NASDAQ:NUAN) earned “Buy” rating by Deutsche Bank on Tuesday, November 17. FBR Capital maintained Nuance Communications, Inc. (NASDAQ:NUAN) on Friday, August 7 with “Mkt Perform” rating. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, August 9. Leerink Swann maintained Nuance Communications, Inc. (NASDAQ:NUAN) on Wednesday, May 11 with “Outperform” rating. As per Tuesday, August 9, the company rating was maintained by Deutsche Bank. The stock of Nuance Communications, Inc. (NASDAQ:NUAN) earned “Buy” rating by Canaccord Genuity on Friday, August 7.

Since August 16, 2017, it had 0 buys, and 24 sales for $19.00 million activity. Shmunis Vladimir had sold 73,000 shares worth $3.17M. Williams R Neil sold 22,000 shares worth $869,000. 10,000 shares were sold by Shah Praful, worth $379,800. The insider Marlow John H sold 6,000 shares worth $254,580. Another trade for 3,000 shares valued at $114,480 was sold by Dhruv Mitesh.

Among 17 analysts covering RingCentral (NYSE:RNG), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. RingCentral had 50 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, October 19 by Robert W. Baird. As per Thursday, August 3, the company rating was maintained by Craig Hallum. The stock has “Buy” rating by Jefferies on Thursday, October 19. Jefferies maintained it with “Buy” rating and $52.0 target in Thursday, November 9 report. The company was maintained on Wednesday, August 2 by Jefferies. The stock of RingCentral, Inc. (NYSE:RNG) has “Buy” rating given on Thursday, July 20 by Northland Capital. The stock of RingCentral, Inc. (NYSE:RNG) earned “Outperform” rating by RBC Capital Markets on Wednesday, December 9. The rating was maintained by William Blair on Monday, October 23 with “Buy”. The stock of RingCentral, Inc. (NYSE:RNG) has “Buy” rating given on Friday, June 30 by Jefferies. Jefferies maintained RingCentral, Inc. (NYSE:RNG) on Monday, May 29 with “Buy” rating.

Whale Rock Capital Management Llc, which manages about $1.16B and $1.92B US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 231,383 shares to 749,598 shares, valued at $128.08 million in 2017Q3, according to the filing. It also increased its holding in Cognex Corp (NASDAQ:CGNX) by 250,946 shares in the quarter, for a total of 451,928 shares, and has risen its stake in Lam Research Corp (NASDAQ:LRCX).