Published: Thu, May 17, 2018
Business | By Tara Barton

River Road Asset Management LLC Takes Position in Cisco Systems (NASDAQ:CSCO)

River Road Asset Management LLC Takes Position in Cisco Systems (NASDAQ:CSCO)

Several institutional investors and hedge funds have recently bought and sold shares of CSCO. 589 rose holdings while 145 funds acquired holdings.

Mill Road Capital Management Llc holds 4.51% of its portfolio in The Goldfield Corporation for 963,240 shares. Pzena Investment Management LLC lifted its holdings in Cisco Systems by 0.4% during the 3rd quarter.

"Like other old smoke stack tech companies - MSFT, INTC, ORCL - this has been a somewhat of a slow process", said Dan Morgan, portfolio manager at Synovus Trust Company, who owns 362,980 shares of Cisco. First Personal Financial Ser holds 129,953 shs. Stratos Wealth Prns stated it has 165,613 shs. Omers Administration holds 1.49% or 3.81 million shs.

As of Q4 2017 Jupiter Asset Management Ltd has 9.57% invested in Cisco Systems Inc. (NASDAQ:CSCO) for 8,533 shs. Centurylink Investment Mgmt Comm, Colorado-based fund reported 93,090 shares. Parallax Volatility Advisers Limited Partnership owns 115,480 shs. (NASDAQ:CSCO). Finemark Commercial Bank And Tru has invested 1.13% in Cisco Systems, Inc. Institutional investors own 77.40% of the company's stock. (NASDAQ:CSCO), 29 have Buy rating, 0 Sell and 10 Hold. Stonebridge Capital Advsr Lc holds 0.73% of its capital in Cisco Systems, Inc. (NASDAQ:CSCO). Regentatlantic Capital Ltd Liability holds 320,783 shs or 1.01% of its capital. $186.72 million flowed into the stock on the tick-up and $171.83 million flowed out of the stock on the tick-down, for a money net flow of $14.89 million into the stock.

In other Cisco Systems news, Director M Michele Burns sold 12,126 shares of the stock in a transaction on Monday, February 26th. (NASDAQ:CSCO) or 12,126 shs. Dubuque Savings Bank And Tru has invested 2.19% in Cisco Systems, Inc. CSCO has also 15.55M shares volume. Brown Brothers Harriman And owns 0.02% invested in Cisco Systems, Inc. (NASDAQ:CSCO) has 83% bullish analysts. On Tuesday, February 20 $625,751 worth of Cisco Systems, Inc. Shares for $578,740 were sold by MCGEARY RODERICK C on Thursday, December 14.

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Among 39 analysts covering Cisco Systems Inc. The technology company at the end of 2017Q4 was priced at $32.35M. Cisco Sys Inc has $219.10B market cap.

Cisco Systems traded down $0.32, hitting $45.16, during trading on Wednesday, reports. It is down 34.78% since May 16, 2017 and is downtrending. CSCO outperformed by 14.02% the S&P 500. Thomson Horstmann & Bryant Inc owns 1.22 million shares or 0.79% of their USA portfolio. Banque Pictet & Cie Sa sold 66,847 shares as Cisco Sys Inc (CSCO)'s stock rose 10.71%. Delphi Private Advisors LLC raised its stake in shares of Cisco Systems by 307.8% during the 4th quarter.

In total 23 analysts cover Cisco Systems (NASDAQ:CSCO). The titles are as follows: "Cisco Systems Remains Top-Performing Dow Stock" brought out on May 12, 2018, "Cisco Systems Remains Top-Performing Dow Stock in 2018" on April 28, 2018, "Cisco Still Holds Rank as Top Performing Dow Stock" with a publish date: May 05, 2018, "Walmart, Cisco, Macy's and More Major Earnings Coming This Week" and the last "Cisco Completes Acquisition of Accompany" with publication date: May 10, 2018. Stonehearth Capital Management LLC purchased a new stake in Cisco Systems during the fourth quarter worth about $102,000. The network equipment provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.59 by $0.04. On Monday, February 12 the stock of Cisco Systems, Inc. The firm earned "Buy" rating on Thursday, June 16 by UBS. Missouri-based Buckingham Asset Ltd Co has invested 0.52% in Cisco Systems, Inc. The firm has "Buy" rating by Drexel Hamilton given on Thursday, August 18. On Thursday, February 15 the rating was maintained by Raymond James with "Buy".

Piper Jaffray analysts recently suggested that Cisco might benefit in competition especially against VMware buying so-called hyperconverged system and software provider Nutanix Inc. (NASDAQ:CSCO) earned "Hold" rating by BMO Capital Markets. Beyond the revenue and earnings numbers, analysts will be looking for hints on how well the company's new products and business model are catching on. On Tuesday, February 13 the firm has "Buy" rating given by Citigroup. (NASDAQ:CSCO) rating. Cowen & Co has "Buy" rating and $42.0 target.

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