Economy

What's Cisco Systems, Inc. (CSCO) Upside After Reaching 52-Week High?

Campbell Newman Asset Management Inc who had been investing in Cisco Systems Inc. for a number of months, seems to be bullish on the $171.24 billion market cap company.

Shares of Cisco Systems (NASDAQ:CSCO) traded down 0.81% on Tuesday, hitting $34.30. The company has experienced volume of 2,378,415 shares while on average the company has a capacity of trading 2.69M share. Secure Energy Services Inc (TSE:SES) has 0.00% since October 25, 2016 and is. It has underperformed by 16.70% the S&P500.

Advent Capital Management increased its stake in General Motors Co (GM) by 10.42% based on its latest 2017Q2 regulatory filing with the SEC.

Cisco Systems, Inc. on 7/30/2017 reported its EPS as $0.61 with the analysts projecting the EPS of the stock as $0.59. Ross Stores Inc. now has $24.59 billion valuation. The stock increased 0.67% or $0.23 during the last trading session, reaching $34.58. About shares traded. TAL Education Group (ADR) (NYSE:XRS) has 0.00% since October 25, 2016 and is. It has underperformed by 3.50% the S&P500.

Patten & Patten Inc decreased Constellation Brands Inc. (NYSE:MLM) stake by 1,402 shares and now owns 430,533 shares. Trinity Industries Inc. (NYSE:TRN) was reduced too. The institutional investor owned 1,924,797 shares of the network equipment provider's stock after purchasing an additional 36,912 shares during the period. The company has Beta Value of 1.16 and ATR value of 0.4.

Several other large investors also recently bought and sold shares of the stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. After a recent check, it is observed that the insiders for the firm now own 0.10% shares. Dodge And Cox has 1.69% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Reilly Finance Advsr Limited Liability Corporation owns 8,428 shares for 0.04% of their portfolio. Boston Partners now owns 30,563,666 shares of the network equipment provider's stock valued at $1,033,052,000 after purchasing an additional 23,002,159 shares during the last quarter. Proshare Advsrs Ltd Llc invested 0.67% in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Banque Pictet And Cie Sa has invested 0.09% in Cisco Systems, Inc. (NASDAQ:CSCO) for 8.31M shares. Shufro Rose Limited Liability Corp invested in 936,056 shares. Willingdon Wealth Management now owns 22,818 shares of the network equipment provider's stock worth $724,000 after buying an additional 2,843 shares during the last quarter.

Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.68. Jolley Asset Mngmt Ltd holds 136,971 shares or 3% of its portfolio. (NASDAQ:CSCO). Cypress Cap has 0.44% invested in Cisco Systems, Inc. New Vernon Investment Llc stated it has 16,734 shares. Old Mutual Glob Invsts (Uk) Limited holds 204,912 shares.

Since May 24, 2017, it had 0 insider purchases, and 3 insider sales for $12.50 million activity. (NASDAQ:CSCO) were released by: Nasdaq.com and their article: "Lynch & Associates Buys DowDuPont Inc, Gilead Sciences Inc, Cisco Systems Inc ..." published on October 19, 2017 as well as Seekingalpha.com's news article titled: "Cisco: Heading Higher" with publication date: October 24, 2017. Jacoby Rebecca sold 92,840 shares worth $2.94 million. On Sunday, June 11 the insider Walker Karen sold $244,125.

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have assigned a buy rating to the stock. Therefore 62% are positive. Cisco Systems's quarterly revenue was down 4.0% on a year-over-year basis. The firm has "Underperform" rating by Macquarie Research given on Tuesday, August 4. The stock has "Buy" rating by KeyBanc Capital Markets on Wednesday, October 11. The firm earned "Outperform" rating on Friday, November 13 by RBC Capital Markets. The rating was maintained by Barclays Capital with "Overweight" on Thursday, May 19. As per Wednesday, June 21, the company rating was maintained by Bernstein. The rating was maintained by Jefferies with "Buy" on Friday, October 6.

Since May 22, 2017, it had 0 buys, and 1 sale for $1.02 million activity. First Dallas Securities holds 0.75% or 32,901 shares. ValuEngine cut Cisco Systems from a "buy" rating to a "hold" rating in a research note on Monday, August 28th. As per Monday, October 16, the company rating was maintained by RBC Capital Markets. The company was maintained on Wednesday, January 13 by Pacific Crest. (NASDAQ:CSCO) has "Hold" rating given on Tuesday, August 15 by Stifel Nicolaus. Following the completion of the transaction, the chief accounting officer now owns 119,996 shares of the company's stock, valued at approximately $3,847,071.76. As per Wednesday, April 26, the company rating was maintained by Jefferies.



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