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 12.51M 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 17.62% above today’s ($31.33) stock price. Cisco Systems Inc. has been the topic of 62 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Piper Jaffray maintained the stock with “Buy” rating in Thursday, August 13 report. The stock has “Buy” rating given by Citigroup on Tuesday, August 9. The firm has “Overweight” rating by Barclays Capital given on Wednesday, October 14. Citigroup initiated the stock with “Buy” rating in Tuesday, October 6 report. Wunderlich maintained the shares of CSCO in a report on Thursday, August 18 with “Hold” rating. Barclays Capital maintained the shares of CSCO in a report on Thursday, August 18 with “Overweight” rating. The stock has “Neutral” rating given by JP Morgan on Thursday, May 19. The firm earned “Buy” rating on Thursday, August 13 by Goldman Sachs. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Thursday, August 18 by Deutsche Bank. The rating was maintained by Deutsche Bank on Thursday, February 11 with “Buy”.
Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.12, from 1.21 in 2016Q1. The ratio is 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.
Zwj Investment Counsel Inc last reported 2.56% of its portfolio in the stock. The Manitoba – Canada-based Cardinal Mgmt has invested 1.3% in Cisco Systems, Inc. (NASDAQ:CSCO). Nj State Employees Deferred Compensation Plan last reported 0.91% of its portfolio in the stock. Eads & Heald Investment Counsel last reported 0.7% of its portfolio in the stock. Guardian Investment Mgmt owns 26,500 shares or 0.85% of their US portfolio. Hrt Financial Ltd Liability holds 0.14% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 8,305 shares. Moreover, Alliancebernstein Lp has 0.59% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 23.72M shares. Nippon Life Insur accumulated 0.16% or 216,442 shares. Olstein Mngmt Limited Partnership last reported 339,605 shares in the company. Northwest Inv Counselors Lc has invested 1.23% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Royal National Bank & Trust Of Canada owns 16.14M shares or 0.28% of their US portfolio. Moreover, Butensky And Cohen Financial Security has 1.98% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 70,706 shares. Platinum Investment Mgmt last reported 9.03 million shares in the company. Savings Bank Hapoalim Bm has invested 0.73% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Cap Management Assocs Ny accumulated 7,200 shares or 0.35% of the stock.
Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 17 insider sales for $53.51 million net activity. 15,000 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $466,379 were sold by BURNS M MICHELE. $468,788 worth of shares were sold by HENNESSY JOHN L on Wednesday, September 21. Robbins Charles had sold 148,800 shares worth $4.61M on Sunday, September 11. Patel Pankaj sold 125,000 shares worth $3.58 million. Shares for $468,785 were sold by BARTZ CAROL. WEST STEVEN M sold $453,000 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Wednesday, July 20. CHAMBERS JOHN T sold $15.68M worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Wednesday, May 25.
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 $155.99 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 14.83 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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