220000 Shares in RingCentral Inc (RNG) Obtained by Canada Pension Plan Investment Board
Summary
Canada Pension Plan Investment Board purchased a new position in RingCentral Inc (NYSE:RNG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Canada Pension Plan Investment Board owned 0.27% of RingCentral at the end of the most recent reporting period. Finally, Capital International Investors bought a new position in shares of RingCentral during the 3rd quarter valued at approximately $279,076,000. Morgan Stanley increased their target price on RingCentral from $84.00 to $93.00 and gave the company an “equal weight” rating in a research report on Monday, January 7th. Bank of America reiterated a “buy” rating and set a $110.00 target price (up from $93.00) on shares of RingCentral in a research report on Thursday, February 7th.