What’s Cisco Systems, Inc. Upside After Today’s Bullish Options Activity?


 What's Cisco Systems, Inc. Upside After Today's Bullish Options Activity?

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 10.70 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 18.11% above today’s ($31.2) 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 17 by Jefferies. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Underperform” rating given on Tuesday, August 4 by Macquarie Research. The rating was maintained by Drexel Hamilton on Thursday, August 18 with “Buy”. The rating was downgraded by Goldman Sachs on Monday, February 8 to “Buy”. The rating was maintained by Wunderlich with “Hold” on Thursday, August 18. The stock has “Buy” rating given by Zacks on Tuesday, August 4. The rating was maintained by Oppenheimer with “Outperform” on Friday, February 12. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Thursday, August 18 by Citigroup. The rating was maintained by Jefferies on Thursday, August 13 with “Hold”. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Equal Weight” rating given on Monday, August 17 by Morgan Stanley.

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.
Edgewood Lc has 0.01% invested in the company for 30,950 shares. Tudor Corp Et Al holds 0.01% or 21,200 shares in its portfolio. Cap World Investors has 9.50M shares for 0.07% of their US portfolio. Ronald Blue Limited Liability Company holds 0.02% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 17,480 shares. S&Co Inc accumulated 221,582 shares or 0.98% of the stock. Pettyjohn Wood White Incorporated reported 94,183 shares or 1.07% of all its holdings. Chase Investment Counsel holds 206,213 shares or 2.62% of its portfolio. Cacti Asset Lc holds 13,000 shares or 0.04% of its portfolio. Cypress Asset Mngmt Incorporated Tx has invested 0.1% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). 1832 Asset Mngmt Ltd Partnership holds 0.13% or 1.22 million shares in its portfolio. Holt Lc Dba Holt Lp owns 31,175 shares or 0.37% of their US portfolio. National Bank & Trust Va accumulated 121,590 shares or 3.44% of the stock. Fieldpoint Private Advisors Inc accumulated 143,945 shares or 2.82% of the stock. Mayo Invest Advisers Lc accumulated 2.65% or 463,500 shares. Balasa Dinverno & Foltz Ltd Co has invested 0.09% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO).

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 17 selling transactions for $53.51 million net activity. $453,000 worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by WEST STEVEN M on Wednesday, July 20. 15,000 shares were sold by HENNESSY JOHN L, worth $468,788. $319,305 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by Walker Karen. 15,000 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $468,785 were sold by BARTZ CAROL. CHANDLER MARK D had sold 62,910 shares worth $1.98M. 15,000 shares were sold by BURNS M MICHELE, worth $466,379 on Wednesday, August 24. On Tuesday, August 23 MCGEARY RODERICK C sold $463,655 worth of the stock or 15,000 shares.

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 $155.36 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 14.78 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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