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 3.95 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 17.17% above today’s ($31.45) stock price. Cisco Systems Inc. has been the topic of 62 analyst reports since August 4, 2015 according to StockzIntelligence Inc. On Thursday, August 18 the stock rating was maintained by Piperjaffray with “Overweight”. On Monday, February 8 the stock rating was downgraded by Goldman Sachs to “Buy”. As per Thursday, August 18, the company rating was maintained by Drexel Hamilton. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Neutral” rating given on Thursday, August 18 by Goldman Sachs. On Friday, February 12 the stock rating was maintained by Oppenheimer with “Outperform”. The rating was maintained by Deutsche Bank on Wednesday, September 14 with “Buy”. The stock has “Market Perform” rating given by JMP Securities on Thursday, August 18. Bank of America downgraded Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, April 5 to “Neutral” rating. The company was maintained on Thursday, August 18 by Morgan Stanley. BMO Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, May 19. BMO Capital Markets has “Outperform” rating and $32 price target.
Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.12, from 1.21 in 2016Q1. The ratio dropped, 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.
Vident Investment Advisory Limited Liability Com has invested 0.35% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Cobblestone Capital Ltd Com Ny, a New York-based fund reported 43,624 shares. Cubist Systematic Strategies Ltd Co has 298,425 shares for 0.5% of their US portfolio. Pine River Cap Mngmt Limited Partnership reported 38,000 shares or 0.01% of all its holdings. Rench Wealth Mgmt holds 0.45% or 19,300 shares in its portfolio. Dearborn Prtn Limited Liability Com has invested 0.09% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Interocean Capital Ltd Limited Liability Company has invested 2.02% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Dumont And Blake Advisors Limited Liability has 64,280 shares for 0.95% of their US portfolio. The Maryland-based Brown Capital Management Lc has invested 0% in Cisco Systems, Inc. (NASDAQ:CSCO). Hutchin Hill Cap L P accumulated 9,800 shares or 0.01% of the stock. Airain Limited last reported 175,575 shares in the company. Blackrock Grp Inc accumulated 54.76M shares or 0.82% of the stock. Moreover, Excalibur Management has 0.84% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 33,955 shares. Wunderlich Managemnt holds 1.2% or 49,550 shares in its portfolio. Moreover, Norinchukin Comml Bank The has 0.38% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 546,776 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 17 selling transactions for $53.51 million net activity. On Tuesday, May 24 the insider Patel Pankaj sold $3.58 million. On Sunday, September 11 BHATT PRAT sold $797,480 worth of the stock or 25,706 shares. $2.61M worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by Jacoby Rebecca. $15.68 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by CHAMBERS JOHN T on Wednesday, May 25. MCGEARY RODERICK C had sold 15,000 shares worth $463,655 on Tuesday, August 23. Walker Karen had sold 10,244 shares worth $319,305. CHANDLER MARK D sold 62,910 shares worth $1.98 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 $156.61 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 14.89 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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