Could Cisco Systems, Inc. Change Direction After Today’s Bearish Options Activity?

 Could Cisco Systems, Inc. Change Direction After Today's Bearish Options Activity?

In today’s session Cisco Systems, Inc. (CSCO) recorded an unusually high (1,003) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious CSCO decrease. With 1,003 contracts traded and 48374 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: CSCO180119P00030000 closed last at: $3.55 or 2.9% up. About 6.75 million shares traded hands. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 8.95% since March 14, 2016 and is uptrending. It has outperformed by 3.34% 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. Cisco Systems Inc. has been the topic of 62 analyst reports since August 4, 2015 according to StockzIntelligence Inc. JP Morgan upgraded the shares of CSCO in a report on Wednesday, April 6 to “Neutral” rating. The firm earned “Outperform” rating on Friday, February 12 by Oppenheimer. RBC Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Friday, November 13. RBC Capital Markets has “Outperform” rating and $30.0 price target. The rating was initiated by Drexel Hamilton on Friday, October 9 with “Buy”. The firm has “Underperform” rating given on Thursday, August 18 by Credit Suisse. Bernstein maintained the stock with “Buy” rating in Tuesday, September 1 report. Goldman Sachs downgraded it to “Neutral” rating and $32 target price in Wednesday, June 15 report. Drexel Hamilton maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, August 18 with “Buy” rating. The firm earned “Buy” rating on Thursday, February 11 by UBS. As per Thursday, August 13, the company rating was maintained by Goldman Sachs.

According to Zacks Investment Research, “Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco’s Internet Protocol-based networking solutions are the foundation of the Internet and most corporate, education, and government networks around the world. Cisco provides the broadest line of solutions for transporting data, voice and video within buildings, across campuses, or around the world.”

Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.12, from 1.21 in 2016Q1. The ratio worsened, 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.
Greatmark Invest Prns Incorporated accumulated 264,113 shares or 3.38% of the stock. First Eagle Invest Mgmt Lc owns 11,200 shares or 0% of their US portfolio. Aviance Management last reported 0.11% of its portfolio in the stock. Artemis Ltd Liability Partnership reported 725,340 shares or 0.34% of all its holdings. Torray Ltd Com holds 1.04% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 480,002 shares. State Of Tennessee Treasury Department has 0.56% invested in the company for 3.86M shares. The Massachusetts-based Grimes And has invested 1.35% in Cisco Systems, Inc. (NASDAQ:CSCO). Teachers Insur & Annuity Association Of America holds 0.46% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 362,800 shares. Tributary Mgmt Ltd Llc holds 31,200 shares or 0.13% of its portfolio. Public Employees Retirement Association Of Colorado accumulated 0.25% or 1.06 million shares. Smith Asset Mgmt Gru L P has invested 0.78% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Moors Cabot has invested 0.22% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Henderson Grp Public Limited Company last reported 1.81% of its portfolio in the stock. Moreover, Staley Capital Advisers has 3% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 1.00 million shares. Gareth Morgan Invs Lp has invested 0.56% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO).

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 17 sales for $53.51 million net activity. On Sunday, September 11 the insider Robbins Charles sold $4.61 million. Shares for $453,000 were sold by WEST STEVEN M. On Tuesday, May 24 Patel Pankaj sold $3.58M worth of the stock or 125,000 shares. $1.98M worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by CHANDLER MARK D. 541,666 shares were sold by CHAMBERS JOHN T, worth $16.84 million on Wednesday, August 24. Walker Karen had sold 19,504 shares worth $605,330. Jacoby Rebecca also sold $2.61M worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Wednesday, June 1.

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 $152.16 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 14.37 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.

CSCO Company Profile

Cisco Systems, Inc. (Cisco), incorporated on December 10, 1984, creates and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Firm operates through three geographic divisions: Americas; Europe, the Middle East, and Africa (EMEA), and Asia Pacific, Japan and China (APJC). The Firm groups its products and technologies into the various categories, such as Switching; Next-Generation Network (NGN) Routing; Collaboration; Data Center; Wireless; Service Provider Video; Security, and Other Products. In addition to its product offerings, the Company provides a range of service offerings, including technical support services and advanced services. The Firm delivers its technology and services to its clients as solutions for their priorities, including cloud, video, mobility, security, collaboration and analytics. The Firm helps its clients build networks and automate, orchestrate, integrate and digitize information technology (IT) services and products. It serves customers, including businesses of all sizes, public institutions, governments and service providers.

More important recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Profitconfidential.com which released: “Cisco Systems, Inc.: Why CSCO Stock Could Climb 27%” on October 07, 2016, also Profitconfidential.com published article titled: “Cisco Systems, Inc.: Great Moves for CSCO Stock”, Twst.com published: “Cisco Systems Inc.: Cisco Announces Acquisition of Worklife” on October 17, 2016. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) was released by: Investorplace.com and their article: “Trade of the Day: Cisco Systems, Inc. (NASDAQ:CSCO)” with publication date: September 30, 2016.

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