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 5.49M 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 17.10% above today’s ($31.47) 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) earned “Buy” rating by UBS on Thursday, August 18. The firm has “Buy” rating by Jefferies given on Thursday, February 11. The firm earned “Buy” rating on Thursday, August 18 by Deutsche Bank. As per Friday, October 9, the company rating was initiated by Drexel Hamilton. The company was downgraded on Wednesday, June 15 by Goldman Sachs. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Thursday, August 18 by Citigroup. As per Thursday, May 19, the company rating was maintained by BMO Capital Markets. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Goldman Sachs on Monday, February 8. The rating was downgraded by Bank of America to “Neutral” on Tuesday, April 5. The rating was maintained by Goldman Sachs on Thursday, August 18 with “Neutral”.
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.
Stellar Mngmt Limited Liability accumulated 0.91% or 29,091 shares. Insight 2811 Inc reported 46,492 shares or 0.51% of all its holdings. Jupiter Asset Management Ltd owns 6.86M shares or 7.52% of their US portfolio. Ig Mngmt Ltd holds 0.27% or 2.34M shares in its portfolio. Gateway Advisers Lc holds 3.51 million shares or 0.86% of its portfolio. Hightower Advsr Ltd Limited Liability Company owns 1.29M shares or 0.47% of their US portfolio. 1St Source Savings Bank last reported 151,138 shares in the company. The North Carolina-based Ironsides Asset Advsrs Llc has invested 0.06% in Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Blackrock Fund Advisors has 0.47% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 74.32 million shares. Friess Assocs Limited Liability Company has 4,280 shares for 0.01% of their US portfolio. Rnc Cap Management Limited Company last reported 2.12% of its portfolio in the stock. Moreover, Sumitomo Mitsui Asset Communication has 0.57% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 652,430 shares. Schmidt P J Mngmt holds 0.65% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 61,047 shares. Lenox Wealth Incorporated has invested 0.01% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). The North Carolina-based Horizon Invs Ltd Co has invested 0.17% in Cisco Systems, Inc. (NASDAQ:CSCO).
Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 17 selling transactions for $53.51 million net activity. BARTZ CAROL sold $468,785 worth of stock. Another trade for 25,706 shares valued at $797,480 was sold by BHATT PRAT. $466,379 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by BURNS M MICHELE. CHANDLER MARK D sold $761,731 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, August 22. $15.68 million worth of shares were sold by CHAMBERS JOHN T on Wednesday, May 25. 90,000 shares were sold by Jacoby Rebecca, worth $2.61 million on Wednesday, June 1. The insider Dedicoat Chris sold 60,000 shares worth $1.85 million.
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 $156.71 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 14.9 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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