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 8.29M 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 17.88% above today’s ($31.26) stock price. Cisco Systems Inc. has been the topic of 62 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Suntrust Robinson on Tuesday, November 24. The firm has “Overweight” rating given on Wednesday, October 14 by Barclays Capital. On Thursday, May 19 the stock rating was maintained by Credit Suisse with “Underperform”. Wells Fargo maintained the shares of CSCO in a report on Wednesday, August 5 with “Buy” rating. UBS maintained the stock with “Buy” rating in Thursday, June 16 report. The stock has “Underperform” rating given by Macquarie Research on Tuesday, August 4. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Bernstein on Tuesday, September 1. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Overweight” rating by KeyBanc Capital Markets on Thursday, August 18. The company was maintained on Monday, August 15 by Barclays Capital. Pacific Crest maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Wednesday, January 13. Pacific Crest has “Overweight” rating and $30 price target.
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.
Old Mutual Investors (Uk) Limited holds 0.32% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 586,613 shares. Apriem Advsr holds 1.27% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 136,616 shares. Ncm Management Grp Inc owns 5,200 shares or 1.82% of their US portfolio. Daiwa Secs Gp Inc accumulated 0.06% or 344,300 shares. Waldron Limited Partnership accumulated 0.11% or 9,804 shares. Commonwealth Financial Svcs Llc has 8,200 shares for 0.28% of their US portfolio. Investment has invested 3.38% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Capital Planning Advsr Limited Liability Corp holds 38,642 shares or 0.62% of its portfolio. Fcg Advsr Limited Company accumulated 15,420 shares or 0.14% of the stock. Westport Resources Management Inc, a Connecticut-based fund reported 34,750 shares. Excalibur Mngmt accumulated 33,955 shares or 0.84% of the stock. Wellington Mgmt Grp Llp owns 114.73 million shares or 0.85% of their US portfolio. First Retail Bank Sioux Falls last reported 412 shares in the company. Parsons Capital Ri accumulated 88,363 shares or 0.34% of the stock. Thomas White Limited has invested 0.08% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO).
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 had sold 25,024 shares worth $761,731. 15,000 shares with value of $468,788 were sold by HENNESSY JOHN L on Wednesday, September 21. 15,000 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $468,785 were sold by BARTZ CAROL. Robbins Charles sold $4.61 million worth of stock. Shares for $16.84 million were sold by CHAMBERS JOHN T. $3.58 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by Patel Pankaj. Dedicoat Chris sold $1.85M worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Friday, September 16.
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 $155.67 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 14.8 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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