Is Cisco Systems, Inc.’s Fuel For Real? The Stock Was Bought By Option Traders

 Is Cisco Systems, Inc.'s Fuel For Real? The Stock Was Bought By Option Traders

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 9.17M 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 Wells Fargo on Wednesday, August 5. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Outperform” rating by RBC Capital Markets on Friday, November 13. UBS maintained the shares of CSCO in a report on Thursday, February 11 with “Buy” rating. Goldman Sachs maintained it with “Neutral” rating and $32 target price in Thursday, August 18 report. The firm has “Buy” rating by Jefferies given on Wednesday, August 17. The firm has “Market Perform” rating by JMP Securities given on Thursday, August 18. The rating was initiated by Barclays Capital with “Overweight” on Wednesday, October 14. The stock has “Hold” rating given by Jefferies on Thursday, August 13. The firm earned “Overweight” rating on Thursday, August 18 by Barclays Capital. Morgan Stanley maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, August 18 with “Equal-Weight” rating.

Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.12, from 1.21 in 2016Q1. The ratio dived, 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.
Buffington Mohr Mcneal has invested 0.07% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Invesco owns 82.31M shares or 0.87% of their US portfolio. Brown Advisory reported 1.85 million shares or 0.19% of all its holdings. Fulton Breakefield Broenniman Ltd Limited Liability Company reported 174,081 shares or 1.02% of all its holdings. Crestwood Advisors Lc, a Massachusetts-based fund reported 632,022 shares. Aspiriant Limited Liability Corporation has 30,089 shares for 0.08% of their US portfolio. Manufacturers Life The has 0.61% invested in the company for 13.96 million shares. Hugh Johnson Advsr Limited Liability Corp holds 10,973 shares or 0.12% of its portfolio. Cranbrook Wealth Management Ltd Limited Liability Company accumulated 200 shares or 0% of the stock. Tnb holds 0.15% or 19,697 shares in its portfolio. Hallmark Cap Mgmt Inc has invested 2.24% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Ray Gerald L And Ltd has 0.79% invested in the company for 171,385 shares. Peapack Gladstone Fincl Corp owns 273,966 shares or 0% of their US portfolio. Wesbanco Fincl Bank, a West Virginia-based fund reported 336,007 shares. Van Den Berg I Inc last reported 27,836 shares in the company.

Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 17 selling transactions for $53.51 million net activity. The insider BURNS M MICHELE sold 15,000 shares worth $466,379. Another trade for 15,000 shares valued at $468,785 was sold by BARTZ CAROL. 90,000 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $2.61 million were sold by Jacoby Rebecca. 50,049 shares with value of $1.56 million were sold by CHANDLER MARK D on Sunday, September 11. 10,244 shares were sold by Walker Karen, worth $319,305 on Tuesday, September 20. Patel Pankaj sold $3.58 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, May 24. Dedicoat Chris had sold 60,000 shares worth $1.85M 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 $155.66 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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