Connors Investor Services INC Has Lowered Position in Cisco Systems (CSCO) by $7.41 Million

July 14, 2018 - By Mary Gaskins

Cisco Systems, Inc. (NASDAQ:CSCO) LogoInvestors sentiment decreased to 0.73 in 2018 Q1. Its down 0.30, from 1.03 in 2017Q4. It dived, 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. Perella Weinberg Prtn Capital Management Limited Partnership has invested 0.36% in Cisco Systems, Inc. (NASDAQ:CSCO). Peak Asset Limited Liability Corp holds 170,757 shares. Arrowmark Colorado Hldg Ltd Liability accumulated 10,000 shares. E&G LP holds 0.29% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 15,635 shares. Zacks Investment Mgmt invested 1.92% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Lvw Advsrs Limited Liability accumulated 106,132 shares or 1.41% of the stock. 267,489 were accumulated by Ancora Limited Liability Corp. Jacobs Levy Equity Inc reported 0.01% in Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Moneta Group Invest Ltd Limited Liability Company has 0.17% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Spears Abacus Advsrs Lc holds 8,216 shares. Tnb Financial has 0.15% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 19,406 shares. Guggenheim Limited Liability Corporation holds 0.47% or 4.48 million shares. Osborne Ptnrs Management Ltd Liability Corp stated it has 96,732 shares or 0.57% of all its holdings. Adirondack Tru invested 0.65% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). State Board Of Administration Of Florida Retirement has 0.81% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 6.88M shares.

Since February 20, 2018, it had 0 buys, and 4 insider sales for $3.63 million activity. $625,751 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by SARIN ARUN. $550,153 worth of stock was sold by BURNS M MICHELE on Monday, February 26.

Connors Investor Services Inc decreased its stake in Cisco Systems (CSCO) by 46.09% based on its latest 2018Q1 regulatory filing with the SEC. Connors Investor Services Inc sold 176,430 shares as the company’s stock declined 4.63% with the market. The institutional investor held 206,380 shares of the technology company at the end of 2018Q1, valued at $8.85 million, down from 382,810 at the end of the previous reported quarter. Connors Investor Services Inc who had been investing in Cisco Systems for a number of months, seems to be less bullish one the $196.49 billion market cap company. The stock decreased 4.13% or $1.8 during the last trading session, reaching $41.78. About 47.03 million shares traded or 112.90% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 37.60% since July 14, 2017 and is uptrending. It has outperformed by 25.03% the S&P500.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on August, 15. They expect $0.63 earnings per share, up 14.55 % or $0.08 from last year’s $0.55 per share. CSCO’s profit will be $2.96 billion for 16.58 P/E if the $0.63 EPS becomes a reality. After $0.60 actual earnings per share 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: “PTC’s Opportunity In The IoT Market” on July 11, 2018, also Seekingalpha.com with their article: “Cisco Is Growing Revenues Again” published on June 28, 2018, Seekingalpha.com published: “Cisco Earnings Will Bring Answers” on July 11, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: “Cisco: The Safe Bet In Technology” published on July 12, 2018 as well as Nasdaq.com‘s news article titled: “Why Johnson & Johnson, Cisco Systems, and Ingredion Slumped Today” with publication date: July 13, 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 has $5800 highest and $4100 lowest target. $49.25’s average target is 17.88% above currents $41.78 stock price. Cisco Systems had 38 analyst reports since January 18, 2018 according to SRatingsIntel. The rating was maintained by Bank of America with “Buy” on Thursday, February 15. The firm has “Buy” rating by J.P. Morgan given on Monday, June 11. The firm earned “Buy” rating on Monday, May 14 by GBH Insights. The company was maintained on Thursday, February 15 by Raymond James. Morgan Stanley maintained the shares of CSCO in report on Monday, February 26 with “Overweight” rating. Citigroup maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, February 13 with “Buy” rating. KeyBanc Capital Markets maintained it with “Buy” rating and $49.0 target in Thursday, February 15 report. The stock has “Buy” rating by Jefferies on Thursday, February 15. The firm has “Buy” rating by Wells Fargo given on Thursday, February 15. Stifel Nicolaus maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Wednesday, March 14 with “Hold” rating.

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

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