Breaking: Cowen & Co. Keeps $51.0000 PT On Cisco (NASDAQ:CSCO) Shares, Keeps Their Original Buy Rating

May 18, 2018 - By Robert Sims

Cisco Systems, Inc. (NASDAQ:CSCO) Logo

Investors sentiment increased to 1.03 in Q4 2017. 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.

Community Fin Services Group Ltd Liability Co holds 3.53% in Cisco Systems, Inc. (NASDAQ:CSCO) or 237,485 shares. Ims Capital Mngmt has invested 0.21% in Cisco Systems, Inc. (NASDAQ:CSCO). Davis R M has invested 0.03% in Cisco Systems, Inc. (NASDAQ:CSCO). Dean Invest Associate Limited Liability holds 1.26% or 215,323 shares. Bainco International Invsts holds 181,044 shares. Congress Asset Mngmt Ma holds 0.09% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 158,260 shares. Steinberg Glob Asset Management reported 0.19% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Norinchukin National Bank The reported 0.5% in Cisco Systems, Inc. (NASDAQ:CSCO). Bnp Paribas Asset Mgmt Holding Sa holds 0.82% or 2.51 million shares. 8,591 were reported by First Bancorp Of Mount Dora Tru Invest Serv. Moreover, Kessler Inv Gru Limited Com has 2.42% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Paloma Mgmt Comm holds 0.2% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 392,395 shares. First Republic Inv Management Inc holds 0.78% or 3.11M shares. 31,430 were reported by Notis. 821,600 are owned by Heathbridge Cap Mgmt Ltd.

Since December 14, 2017, it had 0 insider buys, and 5 selling transactions for $10.28 million activity. 20,671 shares were sold by Goeckeler David, worth $940,559 on Thursday, March 15. 14,189 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $625,751 were sold by SARIN ARUN. 15,230 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $578,740 were sold by MCGEARY RODERICK C. BARTZ CAROL also sold $7.59M worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, December 14.

Cisco (NASDAQ:CSCO) Rating Reaffirmed

The financial firm has just set a price target of $51.0000 on Cisco (NASDAQ:CSCO) shares. This is 17.35 % from the stock close price. In analysts report sent to investors on 14 May, Cowen & Co. reaffirmed their Buy rating on shares of CSCO.

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 company was maintained on Thursday, January 18 by KeyBanc Capital Markets. Bernstein maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Monday, November 27. Bernstein has “Buy” rating and $40.0 target. As per Sunday, February 11, the company rating was maintained by RBC Capital Markets. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, January 10 report. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Goldman Sachs on Friday, March 23. The firm has “Buy” rating by Bank of America given on Thursday, February 15. The company was maintained on Monday, February 12 by Cowen & Co. On Monday, February 12 the stock rating was upgraded by Nomura to “Buy”. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Hold” rating by BMO Capital Markets on Thursday, March 22. The firm has “Buy” rating by Bank of America given on Friday, January 5.

The stock decreased 3.76% or $1.7 during the last trading session, reaching $43.46. About 46.55M 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: Globenewswire.com which released: “Cisco Completes Acquisition of Accompany” on May 10, 2018, also 247Wallst.com with their article: “Cisco Still Holds Rank as Top Performing Dow Stock” published on May 05, 2018, Nasdaq.com published: “Cisco Systems, Inc. Earnings Report Clarifies How Slow the Train Is Moving” on May 17, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Nasdaq.com and their article: “Thursday’s Vital Data: Facebook, Inc. (FB), Apple Inc. (AAPL) and Alibaba Group Holding Ltd (BABA)” published on May 17, 2018 as well as Streetinsider.com‘s news article titled: “After-Hours Movers 5/16: (ESND) (EXTR) Higher; (ACXM) (CSCO) (TTWO) Lower (more…)” with publication date: May 16, 2018.

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

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