Cisco Systems, Inc. (CSCO) Stake Increased by WESPAC Advisors LLC

Marco Green
December 16, 2017

Hemenway Trust Company Llc sold 62,157 shares as the company's stock declined 7.50% while stock markets rallied. The institutional investor held 50,371 shares of the technology company at the end of 2017Q2, valued at $1.62 million, up from 13,541 at the end of the previous reported quarter. Hemenway Trust Company Llc who had been investing in Cisco Sys Inc for a number of months, seems to be less bullish one the $188.80B market cap company. The stock increased 7.89% or $0.03 during the last trading session, reaching $0.41. 36,491,640 shares of the company traded hands, compared to its average volume of 20,977,446.

Raab & Moskowitz Asset Management Llc decreased Pnc Finl Svcs Group Inc Com (PNC) stake by 10.86% reported in 2017Q2 SEC filing. It has underperformed by 32.92% the S&P500. Livingston Group Asset Management Southport Capital Management bought 25,870 shares as the company's stock declined 7.50% while stock markets rallied.

M Kraus & owns 148,721 shares. Weiss Asset Management Lp who had been investing in Seabridge Gold Inc for a number of months, seems to be bullish on the $596.37 million market cap company. Holderness Invs reported 67,431 shares. Finally, Cedar Wealth Management LLC lifted its stake in Cisco Systems by 3.0% in the 1st quarter. It also reduced its holding in On Semiconductor Corp (ONNN) by 174,200 shares in the quarter, leaving it with 190,010 shares, and cut its stake in Raytheon Co (NYSE:RTN).

Since August 23, 2017, it had 0 buys, and 5 insider sales for $15.35 million activity. 23,110 shares valued at $740,883 were sold by Walker Karen on Monday, September 11. Smith Salley & has invested 1.99% in Cisco Systems, Inc. (NASDAQ:CSCO). Pictet Asset Mngmt accumulated 4.65 million shares. Also, insider John T. Chambers sold 250,000 shares of the business's stock in a transaction dated Wednesday, November 22nd. Cisco Systems's revenue for the quarter was down 1.7% compared to the same quarter last year. sell-side analysts anticipate that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

Analysts await The PNC Financial Services Group, Inc. Therefore 62% are positive. PNC Financial Services had 81 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Wednesday, October 18 by RBC Capital Markets. Piper Jaffray maintained Cisco Systems, Inc. The firm has "Buy" rating given on Thursday, November 16 by UBS. As per Tuesday, October 24, the company rating was maintained by Needham. The firm earned "Buy" rating on Tuesday, September 1 by Bernstein. "(CSCO) Shares Bought by Old Mutual Global Investors UK Ltd." was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. The rating was downgraded by Keefe Bruyette & Woods on Tuesday, November 29 to "Mkt Perform". Tortoise Investment Management LLC grew its stake in Cisco Systems by 36.1% in the 2nd quarter. The firm has "Underperform" rating given on Thursday, May 19 by Credit Suisse.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) earned "Buy" rating by Oppenheimer on Wednesday, August 16. This target by Piper Jaffray would suggest the possibile downside of -5.73 % from the close price. (NASDAQ:CSCO) earned "Buy" rating by Jefferies on Friday, May 26.

Investors sentiment decreased to 1.02 in 2017 Q2.

Cisco Systems (NASDAQ:CSCO)'s stock had its "hold" rating reiterated by analysts at Stifel Nicolaus in a research note issued to investors on Thursday. 111 funds opened positions while 694 raised stakes.

Dearborn Limited Liability reported 30,005 shares. Contrarius Mngmt Ltd reported 0.21% in Cisco Systems, Inc. (NASDAQ:CSCO) for 135,348 shares. (NASDAQ:CAC), 1 have Buy rating, 0 Sell and 1 Hold. 103,505 are held by Tompkins Fincl Corp. Bluecrest Cap Mgmt holds 0.88% of its portfolio in The PNC Financial Services Group, Inc. M Holdings Securities Inc.'s holdings in Cisco Systems were worth $1,967,000 as of its most recent SEC filing. Stellar Mngmt Lc has 0.73% invested in Cisco Systems, Inc. Benjamin F Edwards & Incorporated holds 200 shares or 0% of its portfolio. Northstar Invest Ltd Liability Corp holds 1.7% or 268,427 shares. Stockholders of record on Friday, January 5th will be issued a dividend of $0.29 per share. Grace And White New York stated it has 0.05% in Cisco Systems, Inc. 381.37 million shares or 1.04% less from 385.39 million shares in 2017Q1 were reported. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider's stock worth $104,000 after purchasing an additional 878 shares in the last quarter. Ibm Retirement Fund reported 122,651 shares stake. (NYSE:DRQ). 11,075 are owned by Etrade Cap Mngmt Limited Liability Co. Lvw Advsr Ltd holds 84,727 shares or 0.93% of its portfolio. Verity & Verity LLC now owns 241,712 shares of the network equipment provider's stock valued at $8,169,000 after buying an additional 11,972 shares in the last quarter. (NASDAQ:CSCO) has "Outperform" rating given on Thursday, August 18 by Cowen & Co. As per Wednesday, September 16, the company rating was initiated by Piper Jaffray. The rating was maintained by William Blair on Thursday, June 29 with "Buy". The firm has "Outperform" rating given on Friday, September 23 by Raymond James. (NYSE:DRQ) rating on Tuesday, October 10. Ffcm LLC now owns 3,740 shares of the network equipment provider's stock worth $117,000 after buying an additional 3,564 shares in the last quarter.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER