Analysts Showing Optimistic Trends For Cisco Systems, Inc. (CSCO)
- Kelley Robertson
This works out to a net increase in ownership of 8.01 million shares, and suggests that institutions are feeling bullish about the stock. About 5.53M shares traded. It has outperformed by 17.82% the S&P500. Eqis Capital Management Inc acquired 9,206 shares as Cisco Sys Inc (CSCO)'s stock declined 7.50%.
Sumitomo Mitsui Asset Management Company LTD lessened its position in shares of Cisco Systems, Inc.
Southernsun Asset Management Llc increased Crane Co (NYSE:CR) stake by 110,711 shares to 269,854 valued at $21.59 million in 2017Q3. Staley Capital Advisers Inc who had been investing in Cisco Systems for a number of months, seems to be bullish on the $197.83B market cap company. The stock increased 0.26% or $0.1 during the last trading session, reaching $40.01. About 5.75M shares traded.
Cisco Systems, Inc. (NASDAQ:CSCO) received a Buy rating from 7 analysts. It has underperformed by 16.70% the S&P500.
Some buy side analysts are also providing their Analysis on Cisco Systems, Inc., where 7 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 1 said it's a HOLD, and 0 analysts rated the stock as Sell. Therefore 57% are positive. As per Wednesday, October 25, the company rating was maintained by Robert W. Baird. The rating was maintained by Bernstein with "Buy" on Monday, November 27. (NASDAQ:CSCO) earned "Neutral" rating by JP Morgan on Wednesday, April 6. The rating was maintained by RBC Capital Markets with "Buy" on Thursday, June 15. The stock of Schnitzer Steel Industries, Inc. HSBC has "Buy" rating and GBX 940 target. The firm has "Outperform" rating by BMO Capital Markets given on Friday, January 8. Canaccord Genuity has "Buy" rating and $110.0 target. The stock was sold at an average price of $38.42, for a total value of $2,882,306.82. Cisco Systems now has an average rating of "Buy" and a consensus price target of $32.71. A beta of less than 1 means that the security will be less volatile than the market.
Investors sentiment decreased to 1.02 in Q3 2017. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Sold All: 2 Reduced: 0 Increased: 1 New Position: 3. 18 funds opened positions while 18 raised stakes. 47,500 were accumulated by Hodges Capital. Genesee Valley Trust invested in 0.23% or 16,574 shares.
The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 357.9 million shares, BLACKROCK INC. with 340.95 million shares, STATE STREET CORP with 205.7 million shares, BANK OF AMERICA CORP /DE/ with 118.75 million shares, and BANK OF NEW YORK MELLON CORP with 109.03 million shares. Commonwealth Equity Service Incorporated, a Massachusetts-based fund reported 1.42M shares. Markel Corporation invested in 342,000 shares. Raymond James & Assoc, Florida-based fund reported 4,342 shares. North Star Invest Mngmt Corporation reported 0% of its portfolio in Sears Holdings Corporation (NASDAQ:SHLD). Stadion Money Mngmt Ltd Llc has invested 0.05% of its portfolio in Cisco Systems, Inc.
International Business Machines Corp. (IBM) Shares Sold by Bessemer Group Inc
Finally, CIBC World Markets Inc. raised its stake in shares of International Business Machines Corp.by 4.4% in the second quarter. Breton Hill Capital Ltd.'s holdings in International Business Machines were worth $12,077,000 as of its most recent SEC filing.
Shares of LendingClub Corporation (NYSE:LC) have seen a movement of 4.76% in the most recent session. Teton holds 0.17% in Mercury Systems, Inc. Shine Inv Advisory Ser Inc has invested 0.11% in Cisco Systems, Inc. Looking at the stock's movement on the chart, Cisco Systems, Inc. recorded a 52-week high of $39.96. Therefore 65% are positive. According to these analysts, the Low Revenue Estimate for Cisco Systems, Inc.is 11.7 Billion and the High Revenue Estimate is 11.92 Billion.
Institutions own 75.84% of Cisco Systems, Inc. Cisco Systems, Inc. (NASDAQ:CSCO) has a 20-Day average volume of 18.91 Million. Zacks downgraded the stock to "Buy" rating in Tuesday, August 4 report. The firm earned "Hold" rating on Friday, January 29 by Wunderlich. (NASDAQ:CSCO) rating on Tuesday, August 15. Deutsche Bank maintained the stock with "Buy" rating in Thursday, February 11 report. The stock has "Underperform" rating by Credit Suisse on Thursday, May 19. The rating was maintained by Stifel Nicolaus on Friday, December 22 with "Buy". On Wednesday, November 15 the stock rating was maintained by BMO Capital Markets with "Hold". Pacific Crest maintained the shares of CSCO in report on Thursday, August 18 with "Overweight" rating.
Loews Corp, which manages about $15.72 billion US Long portfolio, decreased its stake in Anthem Inc (NYSE:ANTM) by 2,500 shares to 40,600 shares, valued at $7.71M in 2017Q3, according to the filing. Its down 0.16, from 1.18 in 2017Q2. (NASDAQ:CSCO) shares were sold by CHANDLER MARK D. Stratos Wealth Partners LTD. raised its stake in shares of Cisco Systems by 10.4% during the second quarter. Loews Corp bought 50,000 shares as the company's stock declined 7.50% while stock markets rallied. 118,145 are owned by Oarsman Capital. South Dakota Council has 0.17% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 46,734 shares. Auxier Asset Management holds 74,423 shares or 0.51% of its portfolio. First State Bank Trust stated it has 0.75% of its portfolio in Cisco Systems, Inc.
Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. Finally, Banced Corp grew its position in shares of Cisco Systems by 0.4% in the second quarter. Rnc Cap Management Limited Liability Corporation, a California-based fund reported 933,301 shares. Reilly Advsrs Ltd Liability Corporation holds 6,128 shares or 0.03% of its portfolio. Moon Cap, Tennessee-based fund reported 35,174 shares.
In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of the firm's stock in a transaction dated Wednesday, November 22nd. Inchcape PLC had 120 analyst reports since July 24, 2015 according to SRatingsIntel. Cisco Systems's revenue for the quarter was down 1.7% compared to the same quarter last year. research analysts anticipate that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year. JPM's profit will be $5.90B for 16.22 P/E if the $1.70 EPS becomes a reality.
Since August 23, 2017, it had 0 insider buys, and 7 selling transactions for $23.51 million activity. That suggests something of the likelihood of a short squeeze in shares of CSCO. Over the last quarter, insiders sold 348,643 shares of company stock worth $12,892,271.
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