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 1.35 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 16.61% above today’s ($31.6) stock price. Cisco Systems Inc. has been the topic of 62 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, August 18. Barclays Capital has “Overweight” rating and $34 price target. Suntrust Robinson initiated Cisco Systems, Inc. (NASDAQ:CSCO) rating on Tuesday, November 24. Suntrust Robinson has “Buy” rating and $32 price target. Morgan Stanley downgraded Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, August 17 to “Equal Weight” rating. Bank of America downgraded the shares of CSCO in a report on Tuesday, April 5 to “Neutral” rating. The rating was maintained by Pacific Crest with “Overweight” on Thursday, August 18. On Thursday, August 18 the stock rating was maintained by Piperjaffray with “Overweight”. The rating was maintained by Drexel Hamilton with “Buy” on Thursday, August 18. On Friday, November 13 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Outperform” rating by Oppenheimer given on Friday, February 12. On Thursday, August 13 the stock rating was maintained by Goldman Sachs with “Buy”.
Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.12, from 1.21 in 2016Q1. The ratio fall, 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.
Wall Street Access Asset Mngmt Limited Liability Corporation holds 126,543 shares or 2.2% of its portfolio. Cohen Klingenstein Limited Liability, a New York-based fund reported 92,365 shares. Clearbridge Lc, a Maryland-based fund reported 5.00 million shares. Park Natl Oh owns 918,703 shares or 1.68% of their US portfolio. Friess Associate Llc has 4,280 shares for 0.01% of their US portfolio. The New Zealand-based Gareth Morgan Invs Partnership has invested 0.56% in Cisco Systems, Inc. (NASDAQ:CSCO). Ntv Asset Management Ltd Liability Corp accumulated 0.6% or 55,659 shares. Anchor Advsrs Limited Com owns 170,055 shares or 0.12% of their US portfolio. The Australia-based Westpac Banking has invested 0% in Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Jarislowsky Fraser has 0.14% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 227,567 shares. Creative Planning accumulated 417,847 shares or 0.09% of the stock. Professional Advisory Svcs accumulated 7,578 shares or 0.05% of the stock. Tcw Inc accumulated 1.38% or 6.35 million shares. The Rhode Island-based Parsons Capital Mngmt Ri has invested 0.34% in Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Waddell And Reed Financial has 0.05% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 766,132 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 17 sales for $53.51 million net activity. $1.85M worth of shares were sold by Dedicoat Chris on Friday, September 16. $761,731 worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by CHANDLER MARK D on Monday, August 22. MCGEARY RODERICK C also sold $463,655 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares. Another trade for 25,706 shares valued at $797,480 was sold by BHATT PRAT. Another trade for 541,667 shares valued at $15.68M was sold by CHAMBERS JOHN T. WEST STEVEN M also sold $453,000 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Wednesday, July 20. On Tuesday, September 20 the insider Walker Karen sold $319,305.
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 $157.35 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 14.96 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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