Cisco Systems, Inc. Could Decline a Lot According to The Today’s Call Option Activity

 Cisco Systems, Inc. Could Decline a Lot According to The Today's Call Option Activity

In today’s session Cisco Systems, Inc. (CSCO) recorded an unusually high (900) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2019 put, expecting serious CSCO decrease. With 900 contracts traded and 5924 open interest for the Jan, 19 contract, it seems this is a quite bearish bet. The option with symbol: CSCO190118P00025000 closed last at: $2.76 or 3% up. About 4.05M shares traded hands. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 9.46% since April 5, 2016 and is uptrending. It has outperformed by 7.51% the S&P500.

Cisco Systems, Inc. (NASDAQ:CSCO) Ratings Coverage

Out of 30 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 19 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 63% are positive. $160 is the highest target while $16 is the lowest. The $36.85 average target is 20.15% above today’s ($30.67) stock price. Cisco Systems Inc. has been the topic of 63 analyst reports since August 4, 2015 according to StockzIntelligence Inc. On Monday, August 17 the stock rating was downgraded by Morgan Stanley to “Equal Weight”. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Neutral” rating given on Tuesday, April 5 by Bank of America. The rating was initiated by Suntrust Robinson on Tuesday, November 24 with “Buy”. The stock has “Buy” rating given by Piper Jaffray on Thursday, August 13. Barclays Capital initiated it with “Overweight” rating and $32 target price in Wednesday, October 14 report. The rating was maintained by Bernstein on Tuesday, September 1 with “Buy”. On Thursday, August 13 the stock rating was maintained by Jefferies with “Hold”. The firm earned “Buy” rating on Thursday, August 13 by Goldman Sachs. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Neutral” rating by Goldman Sachs on Thursday, August 18. The firm has “Buy” rating given on Friday, October 9 by Drexel Hamilton.

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.
Stearns Financial Group Inc last reported 0.55% of its portfolio in the stock. Oxbow Advsrs, a Texas-based fund reported 152,378 shares. Genesee Valley Trust owns 17,355 shares or 0.32% of their US portfolio. Moreover, Asset Strategies has 0.62% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 57,870 shares. Diligent Invsts Limited last reported 48,954 shares in the company. Van Cleef Asset Managementinc last reported 0.74% of its portfolio in the stock. Integrated Wealth Counsel Limited Liability owns 400 shares or 0.03% of their US portfolio. Schwab Charles Invest Mngmt last reported 0.59% of its portfolio in the stock. Tctc Holding Ltd Com, a Texas-based fund reported 237,332 shares. Sei last reported 0.32% of its portfolio in the stock. Mayo Investment Advisers Limited Liability Com, a Massachusetts-based fund reported 463,500 shares. Brown Advisory has 1.85M shares for 0.19% of their US portfolio. Cincinnati Finance accumulated 2.38M shares or 3.86% of the stock. Moreover, Everett Harris & Communication Ca has 0.01% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 7,883 shares. The North Carolina-based Salem Investment Counselors Inc has invested 1.2% in Cisco Systems, Inc. (NASDAQ:CSCO).

Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 17 sales for $53.51 million net activity. On Wednesday, September 21 HENNESSY JOHN L sold $468,788 worth of the stock or 15,000 shares. 541,667 shares were sold by CHAMBERS JOHN T, worth $15.68M on Wednesday, May 25. $2.61M worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by Jacoby Rebecca. The insider BURNS M MICHELE sold 15,000 shares worth $466,379. BHATT PRAT sold $797,480 worth of stock or 25,706 shares. CHANDLER MARK D also sold $761,731 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, August 22. $463,655 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by MCGEARY RODERICK C.

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 $153.73 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 14.53 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 notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Profitconfidential.com which released: “Cisco Systems, Inc.: CSCO Stock Is Setting up to Test Price Support” on November 06, 2016, also Fool.com with their article: “Better Buy: Cisco Systems Inc. or Oracle Corporation?” published on October 26, 2016, Fool.com published: “Better Buy: Hewlett Packard Enterprise Co. vs. Cisco Systems Inc.” on October 25, 2016. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Wsj.com and their article: “Cisco Hires Roland Acra as Senior Manager for Data Center Unit” published on November 01, 2016 as well as Profitconfidential.com‘s news article titled: “Cisco Systems, Inc.: Forget CSCO stock, NetGear is Better” with publication date: October 21, 2016.

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