Is Buying Cisco Systems, Inc. Here a Winning Strategy? Option Traders Like The Stock


 Is Buying Cisco Systems, Inc. Here a Winning Strategy? Option Traders Like The Stock

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 7.55 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 17.54% above today’s ($31.35) stock price. Cisco Systems Inc. has been the topic of 62 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, August 5 by Wells Fargo. The stock has “Outperform” rating given by Oppenheimer on Friday, February 12. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Jefferies on Wednesday, August 17. Piperjaffray maintained the stock with “Overweight” rating in Thursday, August 18 report. Suntrust Robinson initiated Cisco Systems, Inc. (NASDAQ:CSCO) rating on Tuesday, November 24. Suntrust Robinson has “Buy” rating and $32 price target. Citigroup maintained the shares of CSCO in a report on Thursday, August 18 with “Buy” rating. Argus Research maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Friday, August 19 with “Buy” rating. Wunderlich maintained it with “Hold” rating and $27 target price in Thursday, August 18 report. The company was initiated on Friday, October 9 by Drexel Hamilton. Citigroup initiated Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, October 6 with “Buy” rating.

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.
Moreover, Sumitomo Life Insurance has 0.95% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 240,496 shares. Moreover, Greenwood Gearhart has 2.28% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 187,331 shares. Lingohr & Partner Asset Mngmt Gmbh has 0.64% invested in the company for 22,092 shares. Chesley Taft & Associates Lc, a Illinois-based fund reported 26,702 shares. The Hawaii-based National Bank Of Hawaii has invested 0.2% in Cisco Systems, Inc. (NASDAQ:CSCO). The Massachusetts-based Zevin Asset Mgmt Limited Co has invested 0.1% in Cisco Systems, Inc. (NASDAQ:CSCO). Williams Jones & Assocs Ltd, a New York-based fund reported 921,502 shares. Meiji Yasuda Asset Mgmt reported 149,879 shares or 0.62% of all its holdings. The Japan-based Blackrock Japan Ltd has invested 0.8% in Cisco Systems, Inc. (NASDAQ:CSCO). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt holds 0.39% or 1.18M shares in its portfolio. Fulton Breakefield Broenniman Ltd Llc has 1.02% invested in the company for 174,081 shares. Bnp Paribas Arbitrage holds 1.10M shares or 0.14% of its portfolio. Seizert Cap Prtn Ltd Limited Liability Company accumulated 1.38M shares or 1.5% of the stock. Hennessy Advsr holds 0.15% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 178,115 shares. The Illinois-based Parasol Limited Liability has invested 0.16% in Cisco Systems, Inc. (NASDAQ:CSCO).

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 17 insider sales for $53.51 million net activity. CHAMBERS JOHN T sold $16.84M worth of stock. Shares for $761,731 were sold by CHANDLER MARK D on Monday, August 22. 90,000 shares were sold by Jacoby Rebecca, worth $2.61M on Wednesday, June 1. Another trade for 15,000 shares valued at $468,785 was sold by BARTZ CAROL. 15,000 shares were sold by MCGEARY RODERICK C, worth $463,655. $319,305 worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by Walker Karen. $1.85 million worth of shares were sold by Dedicoat Chris 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 $156.11 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 14.85 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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