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 2.73M 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 16.76% above today’s ($31.56) stock price. Cisco Systems Inc. has been the topic of 62 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Thursday, February 11 by Deutsche Bank. On Thursday, August 18 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The firm earned “Buy” rating on Tuesday, October 6 by Citigroup. The rating was upgraded by Jefferies to “Buy” on Thursday, February 11. Suntrust Robinson initiated it with “Buy” rating and $32 target price in Tuesday, November 24 report. The rating was downgraded by Macquarie Research to “Underperform” on Tuesday, August 4. Cowen & Co maintained the shares of CSCO in a report on Thursday, August 18 with “Outperform” rating. As per Friday, August 19, the company rating was maintained by Argus Research. The rating was maintained by Citigroup with “Buy” on Tuesday, August 9. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Thursday, August 18 by Citigroup.
Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. 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.
Van Cleef Asset Managementinc reported 74,556 shares or 0.74% of all its holdings. Oakwood Capital Mgmt Limited Com Ca last reported 1.79% of its portfolio in the stock. Manufacturers Life Ins The holds 13.96 million shares or 0.61% of its portfolio. The California-based Malaga Cove Cap Ltd Llc has invested 0.43% in Cisco Systems, Inc. (NASDAQ:CSCO). Horizon Invests Lc last reported 77,789 shares in the company. Swedbank accumulated 8.10 million shares or 1.96% of the stock. Mckinley Cap Mgmt Lc Delaware reported 577,340 shares or 0.8% of all its holdings. Harvey Mgmt holds 0.11% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 7,625 shares. Pitcairn Company accumulated 0.17% or 47,157 shares. Manchester Cap Limited Co accumulated 4,829 shares or 0.02% of the stock. Evanson Asset Limited Liability holds 0.98% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 112,412 shares. Amer Interest Gp holds 2.85M shares or 0% of its portfolio. Trustmark Bancorp Tru Department has 0.36% invested in the company for 98,276 shares. Ls Investment owns 166,816 shares or 0.33% of their US portfolio. Smithfield Tru has 0.27% invested in the company for 50,325 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 17 insider sales for $53.51 million net activity. $15.68 million worth of shares were sold by CHAMBERS JOHN T on Wednesday, May 25. Walker Karen also sold $319,305 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, September 20. WEST STEVEN M sold $453,000 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Wednesday, July 20. $2.61M worth of shares were sold by Jacoby Rebecca on Wednesday, June 1. Patel Pankaj also sold $3.58 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, May 24. Another trade for 15,000 shares valued at $468,788 was made by HENNESSY JOHN L on Wednesday, September 21. 60,000 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $1.85 million were sold by Dedicoat Chris.
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 $157.13 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 14.94 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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