Cisco Systems' (CSCO) "Buy" Rating Reiterated at Robert W. Baird

Darnell Taylor
December 26, 2017

The stock decreased 0.10% or $0.06 during the last trading session, reaching $61.55. About 917,133 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since December 25, 2016 and is downtrending. It has underperformed by 7.03% the S&P500.

Thomaspartners Inc increased Cisco Sys Inc (CSCO) stake by 2.49% reported in 2017Q3 SEC filing. Guinness Atkinson Asset Management Inc bought 34,300 shares as the company's stock declined 7.50% while stock markets rallied. The institutional investor held 282,490 shares of the technology company at the end of 2017Q3, valued at $9.50 million, up from 272,682 at the end of the previous reported quarter. Finemark National Bank & Trust who had been investing in Cisco Sys Inc for a number of months, seems to be bullish on the $190.58 billion market cap company. (NASDAQ CSCO) traded up $0.02 on Monday, reaching $38.55. Heritage Investors Management Corp now owns 728,981 shares of the network equipment provider's stock valued at $24,640,000 after buying an additional 11,183 shares in the last quarter. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since December 25, 2016 and is uptrending. It has underperformed by 3.50% the S&P500. Fisher Asset Ltd Company accumulated 0.77% or 16.39 million shares. $548,739 worth of PHH Corporation (NYSE:PHH) shares were sold by EGAN JAMES O. Shares for $126,027 were sold by PIZZI CHARLES P on Monday, September 11. 21,000 shares were sold by WETZEL CARROLL R, worth $299,250. OTR Global downgraded the shares of CSCO in report on Monday, October 31 to "Mixed" rating. The network equipment provider reported $0.61 EPS for the quarter, beating the Zacks' consensus estimate of $0.60 by $0.01. After $0.55 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts -3.64% negative EPS growth. Its up 0.02, from 1.05 in 2017Q2. 29 funds opened positions while 103 raised stakes. Carret Asset Mngmt Ltd Liability accumulated 271,222 shares. Stonebridge Advsr Limited Liability Com has invested 0.83% in Wells Fargo & Company (NYSE:WFC). Ghp Invest Inc has 110,952 shares for 0.57% of their portfolio. West Oak Cap, California-based fund reported 3,169 shares.

Spinnaker Trust, which manages about $800.37 million US Long portfolio, decreased its stake in Constellation Brands Inc (NYSE:STZ) by 2,187 shares to 13,790 shares, valued at $2.75M in 2017Q3, according to the filing. Cahill Financial holds 0.34% or 19,240 shares in its portfolio. Greenwich Wealth Management Limited Co owns 435,046 shares or 2.52% of their United States portfolio. Hillsdale Inv Mngmt owns 9,310 shares for 0.05% of their portfolio. Century reported 14.93 million shares stake. (NASDAQ:CSCO). Wealth Architects Lc reported 0.11% stake.

Among 10 analysts covering PHH Corporation (NYSE:PHH), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 75% are positive. JMP Group had 6 analyst reports since September 2, 2015 according to SRatingsIntel. Stifel Nicolaus restated a "hold" rating and issued a $40.00 target price on shares of Cisco Systems in a research report on Thursday, December 14th. The firm has "Outperform" rating given on Wednesday, April 5 by Keefe Bruyette & Woods. (NYSE:BAX) on Thursday, July 27 with "Overweight" rating. As per Tuesday, August 11, the company rating was maintained by Morgan Stanley. DOGEF's total short interest was 141,100 shares in December as published by FINRA. The rating was upgraded by Keefe Bruyette & Woods on Tuesday, January 12 to "Outperform". Finally, Manchester Capital Management LLC increased its stake in Cisco Systems by 10.7% in the second quarter.

The firm's revenue for the quarter was down 1.7% compared to the same quarter last year. equities research analysts predict that Cisco Systems, Inc. will post 2.21 earnings per share for the current year. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have given a buy rating to the company. Therefore 36% are positive.

Guatemala to move embassy to Jerusalem, backing Trump
It follows Donald Trump's widely condemned decision to move the U.S. embassy and recognise Jerusalem as Israel's capital. In the southern West bank, Israeli forces arrested one Palestinian from the village of Tuqu in the Bethlehem district.

HighVista Strategies LLC trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) earned "Buy" rating by Jefferies on Wednesday, August 2. The firm has "Buy" rating given on Monday, December 14 by DA Davidson. Citigroup maintained the stock with "Buy" rating in Tuesday, August 9 report. The rating was maintained by Jefferies on Thursday, August 13 with "Hold". The company has an average rating of "Buy" and an average target price of $37.10. The rating was maintained by Nomura with "Hold" on Thursday, June 29. Finally, UBS Group reiterated a "buy" rating and set a $39.00 price target on shares of Cisco Systems in a research report on Thursday, November 16th. Morgan Stanley maintained it with "Equal-Weight" rating and $62 target in Thursday, October 26 report. (NASDAQ:CSCO) rating on Wednesday, June 28.

Since August 23, 2017, it had 0 insider purchases, and 7 sales for $23.51 million activity. BARTZ CAROL had sold 200,000 shares worth $7.59M. 25,638 shares were sold by BHATT PRAT, worth $821,900. CHAMBERS JOHN T sold 250,000 shares worth $7.79 million. (NASDAQ:CSCO) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

In other news, SVP Rebecca Jacoby sold 75,021 shares of the stock in a transaction on Tuesday, December 19th. 15,230 Cisco Systems, Inc. (NASDAQ:CSCO) was sold by CHANDLER MARK D on Monday, September 18.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.16, from 1.18 in 2017Q2. It dived, as 74 investors sold CSCO shares while 637 reduced holdings.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guardian Mngmt reported 35,650 shares or 1.32% of all its holdings. Vetr cut shares of Cisco Systems from a "hold" rating to a "sell" rating and set a $35.93 price objective for the a research note on Wednesday, November 29th. (NASDAQ:CSCO). Deutsche Bancorporation Ag owns 54.17M shares. Chevy Chase Trust Holdg invested in 4.47 million shares. Bancorp Of The Ozarks holds 90,275 shares. 42,705 were reported by Brighton Jones Ltd Com. (NYSE:BAX). Atria Invs Ltd Co holds 12,741 shares or 0.04% of its portfolio. Following the completion of the sale, the chief accounting officer now directly owns 89,184 shares in the company, valued at $3,254,324.16. 21,307 are held by Insight 2811. Wolverine Asset Limited Liability Co invested 0.04% of its portfolio in Cisco Systems, Inc. Wharton Business Gp Ltd Liability reported 0.99% in Cisco Systems, Inc. (NASDAQ:CSCO). Fulton Fincl Bank Na holds 0.23% or 92,304 shares. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider's stock valued at $104,000 after acquiring an additional 878 shares during the last quarter.

Other reports by

Discuss This Article