Economy

Cisco Systems, Inc. (CSCO) Upgraded to "Buy" by Vetr Inc

Credit Suisse Group reaffirmed a buy rating on shares of Cisco Systems in a report on Thursday, August 10th. Guggenheim initiated New Relic Inc (NYSE:NEWR) rating on Friday, November 18. Jefferies has "Buy" rating and $3700 target. The firm earned "Equal-Weight" rating on Thursday, July 20 by Morgan Stanley. LSV Asset Management now owns 27,453,460 shares of the network equipment provider's stock valued at $859,293,000 after purchasing an additional 134,162 shares in the last quarter. The firm has "Overweight" rating given on Thursday, September 10 by Morgan Stanley. Stifel Nicolaus maintained it with "Hold" rating and $9 target in Wednesday, November 16 report. Goldman Sachs maintained the stock with "Neutral" rating in Thursday, August 18 report. The firm has "Outperform" rating given on Thursday, September 10 by Oppenheimer. The stock of Spire Healthcare Group PLC (LON:SPI) has "Buy" rating given on Tuesday, March 14 by Berenberg.

Rnc Capital Management Llc increased Cisco Systems Inc (CSCO) stake by 4.55% reported in 2016Q4 SEC filing. Winch Advisory Services Llc who had been investing in Cisco Systems Inc Com for a number of months, seems to be bullish on the $160.51B market cap company. The Rnc Capital Management Llc holds 856,736 shares with $25.89M value, up from 819,413 last quarter.

Among 36 analysts covering Cisco Systems Inc. The stock increased 0.79% or $0.25 during the last trading session, reaching $31.87. About 71,685 shares traded or 45.92% up from the average. (NASDAQ:CSCO), 23 have Buy rating, 0 Sell and 13 Hold. It has underperformed by 3.50% the S&P500. The stock rose 0.15% or $0.21 reaching $144.03. About 1.66 million shares traded. It has outperformed by 48.78% the S&P500. Inc. now owns 4,441 shares of the network equipment provider's stock worth $150,000 after acquiring an additional 555 shares during the period. The stock has a market capitalization of $159.13 billion, a P/E ratio of 16.77 and a beta of 1.19. The Company's New Relic Software Analytics Cloud consists of an integrated suite of products, a data database and an open platform.

Since March 9, 2017, it had 0 insider purchases, and 4 sales for $13.04 million activity. Nichols And Pratt Advisers Ltd Liability Partnership Ma holds 1.69% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) by 86.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. In the last 90 days, insiders sold 350,642 shares of company stock valued at $10,973,081. The shares were sold at an average price of $31.29, for a total transaction of $244,124.58. Its down 55.17% from 5,800 shares previously. Empirical Finance LLC's holdings in Cisco Systems were worth $2,387,000 at the end of the most recent quarter. (NASDAQ:CSCO), 23 have Buy rating, 0 Sell and 13 Hold. Therefore 64% are positive.

Among 36 analysts covering Cisco Systems Inc. The company was maintained on Wednesday, April 26 by Cowen & Co. The firm earned "Buy" rating on Wednesday, August 5 by Wells Fargo. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: "Cisco Systems: Slow-Motion Breakout?" published on August 31, 2017 as well as Seekingalpha.com's news article titled: "Cisco Systems: Bullish Breakout Ahead" with publication date: August 14, 2017. More interesting news about Cisco Systems, Inc. On Monday, July 31 the stock rating was maintained by RBC Capital Markets with "Buy". (NASDAQ:CSCO) for 14,400 shares. (NASDAQ:CSCO) earned "Buy" rating by William Blair on Thursday, June 29. The firm has "Buy" rating given on Tuesday, August 11 by TheStreet. On Thursday, June 29 the stock rating was maintained by Bernstein with "Buy". Eubel Brady & Suttman Asset Mngmt has invested 3.52% in Cisco Systems, Inc. BMO Capital Markets maintained it with "Hold" rating and $32.0 target in Thursday, August 17 report.

Investors sentiment increased to 1.18 in Q4 2016. Its down 0.02, from 1.39 in 2016Q3. It dropped, as 81 investors sold CSCO shares while 635 reduced holdings.

Several institutional investors and hedge funds have recently made changes to their positions in the company. (NASDAQ:CSCO). Planning Limited Liability Corp holds 0.7% or 43,644 shares. Ltd. raised its holdings in Cisco Systems by 15.0% in the 1st quarter. (NASDAQ:CSCO) for 591,604 shares. Geneva Advisors Ltd Co invested 0.05% in Cisco Systems, Inc. "(CSCO)" was first reported by Week Herald and is owned by of Week Herald. Deutsche Natl Bank Ag owns 12,922 shares or 0% of their USA portfolio. Brandywine Glob Mngmt Ltd Liability Corp invested 0.01% of its portfolio in Dime Community Bancshares, Inc. (NASDAQ:CSCO). State Board Of Administration Of Florida Retirement invested in 7.26 million shares or 0.66% of the stock. The Quebec - Canada-based Letko Brosseau Assocs has invested 1.63% in Cisco Systems, Inc. Clear Harbor Asset Mgmt Ltd Liability Company holds 0.11% or 8,040 shares in its portfolio. Pitcairn has invested 0.17% of its portfolio in Cisco Systems, Inc. Heathbridge Capital Mngmt Ltd owns 821,250 shares or 5.86% of their U.S. portfolio. Moreover, Dekabank Deutsche Girozentrale has 1.15% invested in Cisco Systems, Inc. Clifford Swan Inv Counsel Ltd Company stated it has 0.9% of its portfolio in Cisco Systems, Inc.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 16th. Financial & Investment Management Group Ltd, a Michigan-based fund reported 138,507 shares. The network equipment provider reported $0.61 earnings per share for the quarter, meeting analysts' consensus estimates of $0.61.

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