Cisco Sys INC (CSCO) Share Value Declined While Jupiter Asset Management LTD Cut Its Stake

July 27, 2018 - By Billy Entrekin

Cisco Systems, Inc. (NASDAQ:CSCO) LogoInvestors sentiment decreased to 0.73 in Q1 2018. Its down 0.30, from 1.03 in 2017Q4. It dropped, as 66 investors sold CSCO shares while 798 reduced holdings. 170 funds opened positions while 464 raised stakes. 3.40 billion shares or 4.18% less from 3.54 billion shares in 2017Q4 were reported. Field Main Retail Bank invested in 18,900 shares. Old Second State Bank Of Aurora holds 1.49% or 87,163 shares in its portfolio. State Of Tennessee Treasury Department, Tennessee-based fund reported 1.68 million shares. Baker Ellis Asset Management Ltd Liability Corp reported 14,073 shares stake. Investec Asset accumulated 344,537 shares. Wellington Shields Capital Management Limited Company holds 0.51% or 78,625 shares in its portfolio. Quantitative Systematic Strategies Limited Liability Corporation invested in 35,922 shares or 0.33% of the stock. Liberty Mutual Group Asset Mgmt reported 199,283 shares or 0.26% of all its holdings. Oxbow Llc owns 10,803 shares. Ckw Finance Grp holds 3,500 shares or 0.03% of its portfolio. Northeast Mngmt owns 34,388 shares for 0.13% of their portfolio. Robecosam Ag holds 0.61% or 305,374 shares. American Research Mngmt Communications stated it has 0.04% in Cisco Systems, Inc. (NASDAQ:CSCO). Zeke Cap Advisors Ltd Company reported 126,397 shares. Teachers Retirement Of The State Of Kentucky owns 1.18M shares or 0.61% of their US portfolio.

Since February 20, 2018, it had 0 buys, and 4 sales for $3.63 million activity. Shares for $1.51 million were sold by Goeckeler David on Friday, June 22. 12,126 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $550,153 were sold by BURNS M MICHELE.

Jupiter Asset Management Ltd decreased its stake in Cisco Sys Inc (CSCO) by 16.21% based on its latest 2018Q1 regulatory filing with the SEC. Jupiter Asset Management Ltd sold 1.41M shares as the company’s stock declined 4.63% with the market. The institutional investor held 7.28 million shares of the technology company at the end of 2018Q1, valued at $312.04 million, down from 8.68M at the end of the previous reported quarter. Jupiter Asset Management Ltd who had been investing in Cisco Sys Inc for a number of months, seems to be less bullish one the $204.72B market cap company. The stock increased 0.86% or $0.37 during the last trading session, reaching $43.53. About 16.05 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 37.60% since July 27, 2017 and is uptrending. It has outperformed by 25.03% the S&P500.

Jupiter Asset Management Ltd, which manages about $3.29B US Long portfolio, upped its stake in Svb Finl Group (NASDAQ:SIVB) by 21,349 shares to 35,006 shares, valued at $8.40 million in 2018Q1, according to the filing. It also increased its holding in Broadridge Finl Solutions In (NYSE:BR) by 68,811 shares in the quarter, for a total of 151,364 shares, and has risen its stake in Netease Inc (NASDAQ:NTES).

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on August, 15 after the close. They expect $0.63 EPS, up 14.55 % or $0.08 from last year’s $0.55 per share. CSCO’s profit will be $2.96B for 17.27 P/E if the $0.63 EPS becomes a reality. After $0.60 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 5.00 % EPS growth.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: “Cisco: The Safe Bet In Technology” on July 12, 2018, also Seekingalpha.com with their article: “Cisco: The Amazon Sell-Off Is Silly” published on July 16, 2018, Seekingalpha.com published: “4 Members Of The $800+ Billion Market Cap Club” on July 24, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: 247Wallst.com and their article: “Forget Facebook: 5 Tech Stocks to Buy Now With Big Upside Potential” published on July 27, 2018 as well as Nasdaq.com‘s news article titled: “This Couple’s Awful Story Led Me To My Latest Pick…” with publication date: July 26, 2018.

Cisco Systems, Inc. (NASDAQ:CSCO) Ratings Coverage

Among 25 analysts covering Cisco Systems (NASDAQ:CSCO), 20 have Buy rating, 0 Sell and 5 Hold. Therefore 80% are positive. Cisco Systems had 38 analyst reports since January 30, 2018 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Tuesday, February 13. Piper Jaffray maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Wednesday, April 18 with “Buy” rating. The rating was maintained by Robert W. Baird on Thursday, February 15 with “Buy”. The firm has “Hold” rating given on Wednesday, February 14 by BMO Capital Markets. Wells Fargo maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, February 15. Wells Fargo has “Buy” rating and $52.0 target. UBS maintained the stock with “Buy” rating in Thursday, May 17 report. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Deutsche Bank on Thursday, February 15. As per Friday, June 8, the company rating was maintained by Oppenheimer. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Thursday, February 15 by KeyBanc Capital Markets. The company was maintained on Monday, May 14 by GBH Insights.

Cisco Systems, Inc. (NASDAQ:CSCO) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.