17.35 % to Target, UBS Keeps ‘”Buy”’ Rating on Cisco (NASDAQ:CSCO) Shares Today

May 18, 2018 - By Alfred Lee

Cisco Systems, Inc. (NASDAQ:CSCO) Logo

Investors sentiment increased to 1.03 in 2017 Q4. Its up 0.01, from 1.02 in 2017Q3. It increased, as 51 investors sold Cisco Systems, Inc. shares while 660 reduced holdings. 145 funds opened positions while 589 raised stakes. 3.54 billion shares or 1.52% less from 3.60 billion shares in 2017Q3 were reported.

Shine Invest Advisory Ser Incorporated stated it has 0.12% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Nwq Investment Co Ltd Liability Corporation holds 0.21% or 429,713 shares in its portfolio. Moreover, Fayez Sarofim And Company has 0.03% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Lsv Asset Mgmt reported 27.51 million shares. Advsr Ok reported 509,098 shares. Chilton Cap Management Ltd Liability Corporation owns 0.02% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 6,726 shares. 17,287 are held by Liberty Cap Management. Mercer Advisers Incorporated reported 4,725 shares stake. First Commonwealth Fincl Pa has invested 0.73% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Trust Communications Of Vermont stated it has 141,181 shares or 0.5% of all its holdings. Coastline Trust invested in 117,582 shares. Caprock accumulated 105,844 shares or 0.85% of the stock. Snow Capital Mgmt L P accumulated 58,065 shares or 0.1% of the stock. Parthenon Ltd Llc owns 197,181 shares or 1.7% of their US portfolio. Gamco Inc Et Al owns 46,600 shares.

Since December 14, 2017, it had 0 insider buys, and 5 insider sales for $10.28 million activity. $7.59 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by BARTZ CAROL. SARIN ARUN also sold $625,751 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares. $578,740 worth of stock was sold by MCGEARY RODERICK C on Thursday, December 14. The insider BURNS M MICHELE sold $550,153.

Cisco (NASDAQ:CSCO) Rating Reaffirmed

UBS now has a $51.0000 PT on the $209.37 billion market cap company or 17.35 % upside potential. In analysts note shared with investors on Thursday, 17 May, Cisco (NASDAQ:CSCO) shares have had their “Buy” Rating maintained by professional analysts at UBS.

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

Among 22 analysts covering Cisco Systems (NASDAQ:CSCO), 18 have Buy rating, 0 Sell and 4 Hold. Therefore 82% are positive. Cisco Systems has $5700 highest and $40 lowest target. $48’s average target is 10.45% above currents $43.46 stock price. Cisco Systems had 31 analyst reports since November 27, 2017 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Friday, December 15. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Thursday, February 15 by Jefferies. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Cowen & Co on Monday, February 12. BMO Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Wednesday, February 14 with “Hold” rating. On Monday, November 27 the stock rating was maintained by Bernstein with “Buy”. The company was maintained on Thursday, January 18 by KeyBanc Capital Markets. The company was maintained on Wednesday, April 18 by Piper Jaffray. KeyBanc Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, February 15 with “Buy” rating. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Citigroup on Tuesday, February 13. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Thursday, February 15 by Bank of America.

The stock decreased 3.76% or $1.7 during the last trading session, reaching $43.46. About 46.55 million shares traded or 85.00% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since May 18, 2017 and is uptrending. It has outperformed by 14.02% the S&P500.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company has market cap of $209.37 billion. The firm offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications. It currently has negative earnings. It also provides collaboration products comprising unified communications products, conferencing products, collaboration endpoints, and business messaging products; data center products, such as blade and rack servers, series, fabric interconnects, and management software solutions; wireless products consisting of wireless access points, WLAN controllers, cloud and appliances based services, and integrated software services.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: 247Wallst.com which released: “Why an Earnings Beat Isn’t Enough for This Top Dow Stock” on May 17, 2018, also Seekingalpha.com with their article: “Cisco -3.2% after largely in-line Q3 earnings” published on May 16, 2018, Streetinsider.com published: “After-Hours Movers 5/16: (ESND) (EXTR) Higher; (ACXM) (CSCO) (TTWO) Lower (more…)” on May 16, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Globenewswire.com and their article: “Cisco Completes Acquisition of Accompany” published on May 10, 2018 as well as Nasdaq.com‘s news article titled: “Thursday’s Vital Data: Facebook, Inc. (FB), Apple Inc. (AAPL) and Alibaba Group Holding Ltd (BABA)” with publication date: May 17, 2018.

Cisco Systems, Inc. (NASDAQ:CSCO) Institutional Positions Chart

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