Analysts at GBH Insights Maintained their Past ‘Buy’ rating on Shares Cisco (NASDAQ:CSCO), Set a $51.0000 Target

May 18, 2018 - By Eugene Smith

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 improved, 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.

Old Second Bank Of Aurora has 87,211 shares for 1.32% of their portfolio. The Texas-based Adams Asset Advsrs Ltd Liability Corp has invested 0.72% in Cisco Systems, Inc. (NASDAQ:CSCO). Proshare Advisors Limited Liability Corp has invested 0.87% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Pggm Investments has 4.92M shares. Cardinal Capital holds 1.53% in Cisco Systems, Inc. (NASDAQ:CSCO) or 472,869 shares. Fisher Asset Limited Co holds 16.69 million shares. Cim Inv Mangement accumulated 24,876 shares. Marco Investment Limited Liability Co, a Georgia-based fund reported 412,130 shares. Schaper Benz Wise Counsel Wi has 2.79% invested in Cisco Systems, Inc. (NASDAQ:CSCO). 123,995 are owned by Somerset. Brown Advisory invested in 0.18% or 1.49M shares. Beech Hill Advsrs has invested 2% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Ubs Asset Mgmt Americas Inc reported 19.87 million shares. Putnam Fl Invest Mngmt invested in 75,787 shares. Myriad Asset Management Ltd accumulated 700,000 shares.

Since December 14, 2017, it had 0 insider purchases, and 5 selling transactions for $10.28 million activity. BURNS M MICHELE sold $550,153 worth of stock. 200,000 shares were sold by BARTZ CAROL, worth $7.59 million on Thursday, December 14. The insider SARIN ARUN sold 14,189 shares worth $625,751. $578,740 worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by MCGEARY RODERICK C.

Cisco (NASDAQ:CSCO) Rating Reaffirmed

Recently, In an analyst note sent to clients and investors on 14 May, Cisco (NASDAQ:CSCO) shares have had their Buy Rating restate by investment analysts at GBH Insights, who currently has a $51.0000 target on firm. This target by GBH Insights would indicate the possibile upside of 17.35 % from the last price.

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 “Buy” rating given on Thursday, May 3 by J.P. Morgan. As per Wednesday, March 14, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Citigroup on Tuesday, February 13 with “Buy”. On Thursday, February 15 the stock rating was maintained by Raymond James with “Buy”. The firm earned “Buy” rating on Thursday, February 15 by Jefferies. On Thursday, February 15 the stock rating was maintained by Deutsche Bank with “Buy”. As per Thursday, March 22, the company rating was maintained by BMO Capital Markets. Goldman Sachs upgraded Cisco Systems, Inc. (NASDAQ:CSCO) on Friday, March 23 to “Buy” rating. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, February 11 report. The firm has “Buy” rating given on Thursday, January 18 by KeyBanc Capital Markets.

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: Benzinga.com which released: “What Wall Street Thinks Of Cisco’s Q3 Earnings” on May 17, 2018, also Globenewswire.com with their article: “Cisco Reports Third Quarter Earnings” published on May 16, 2018, Nasdaq.com published: “What Happened in the Stock Market Today” on May 17, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: 247Wallst.com and their article: “Cisco Systems Remains Top-Performing Dow Stock” published on May 12, 2018 as well as Seekingalpha.com‘s news article titled: “Cisco -3.2% after largely in-line Q3 earnings” with publication date: May 16, 2018.

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

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