After Today’s Bullish Options Activity, Is Cisco Systems, Inc.’s Near-Term Analysis Positive?


 After Today's Bullish Options Activity, Is Cisco Systems, Inc.'s Near Term Analysis Positive?

In today’s session Cisco Systems, Inc. (CSCO) registered an unusually high (7,397) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious CSCO increase. With 7,397 contracts traded and 50234 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: CSCO161021C00027000 closed last at: $4.8 or 4.3% up. About 6.64 million shares traded hands. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 17.41% since March 1, 2016 and is uptrending. It has outperformed by 8.16% the S&P500.

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

Out of 29 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 19 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 66% are positive. $160 is the highest target while $16 is the lowest. The $36.85 average target is 17.28% above today’s ($31.42) stock price. Cisco Systems Inc. has been the topic of 62 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by UBS on Thursday, February 11 with “Buy”. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Tuesday, August 9 by Citigroup. As per Thursday, August 18, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by Bernstein with “Buy” on Tuesday, September 1. Pacific Crest maintained it with “Overweight” rating and $30 target price in Wednesday, January 13 report. The rating was initiated by Citigroup with “Buy” on Tuesday, October 6. The rating was maintained by Barclays Capital with “Overweight” on Monday, August 15. Wells Fargo maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Wednesday, August 5 with “Buy” rating. The firm has “Hold” rating given on Thursday, August 13 by Jefferies. The firm has “Neutral” rating by JP Morgan given on Thursday, May 19.

Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.12, from 1.21 in 2016Q1. The ratio turned negative, as 63 funds sold all Cisco Systems, Inc. shares owned while 598 reduced positions. 69 funds bought stakes while 652 increased positions. They now own 3.58 billion shares or 4.03% less from 3.73 billion shares in 2016Q1.
Pillar Pacific Mgmt Ltd Llc has invested 1.06% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Athena Invsts Ltd Llc has 154,115 shares for 6.82% of their US portfolio. Boys Arnold Com last reported 68,440 shares in the company. Wellcome Trust (The) As Trustee Of The Wellcome Trust, a United Kingdom-based fund reported 6.80 million shares. Capital Investment Counsel has 142,691 shares for 2.12% of their US portfolio. Yhb Inc holds 0.32% or 51,494 shares in its portfolio. Boston has 7.50M shares for 0.31% of their US portfolio. Efg Asset Mgmt (Americas) Corporation holds 20,785 shares or 0.29% of its portfolio. Chesley Taft Associate Limited Liability accumulated 26,702 shares or 0.08% of the stock. The Massachusetts-based Aureus Asset Mngmt Ltd Liability has invested 1.45% in Cisco Systems, Inc. (NASDAQ:CSCO). Friess Associate Limited Liability Com holds 0.01% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 4,280 shares. Bernzott accumulated 325,729 shares or 1.82% of the stock. Victory Capital Mngmt holds 0.18% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 1.54M shares. Chevy Chase holds 0.78% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 4.88M shares. Virtu Fincl Limited last reported 29,538 shares in the company.

Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 17 insider sales for $53.51 million net activity. CHANDLER MARK D sold $761,731 worth of stock or 25,024 shares. Robbins Charles had sold 148,800 shares worth $4.61M on Sunday, September 11. $15.68 million worth of shares were sold by CHAMBERS JOHN T on Wednesday, May 25. 60,000 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $1.85M were sold by Dedicoat Chris. 15,000 shares were sold by BARTZ CAROL, worth $468,785. 125,000 shares were sold by Patel Pankaj, worth $3.58M on Tuesday, May 24. On Sunday, September 11 the insider BHATT PRAT sold $797,480.

Cisco Systems, Inc. designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The company has a market cap of $156.46 billion. The Firm operates through three geographic divisions: Americas; Europe, the Middle East and Africa , and Asia Pacific, Japan and China (APJC). It has a 14.88 P/E ratio. The Firm groups its products and technologies into various categories, such as Switching; Next-Generation Network (NGN) Routing; Collaboration; Data Center; Wireless; Service Provider Video; Security, and Other Products.

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