Cisco Systems Inc (NASDAQ:CSCO) Institutional Investor Sentiment Is 0.76

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Sentiment for Cisco Systems Inc (NASDAQ:CSCO)

Cisco Systems Inc (NASDAQ:CSCO) institutional sentiment decreased to 0.76 in 2019 Q2. Its down -0.07, from 0.83 in 2019Q1. The ratio is negative, as 618 hedge funds opened new or increased positions, while 814 cut down and sold stock positions in Cisco Systems Inc. The hedge funds in our partner’s database now own: 2.94 billion shares, down from 3.03 billion shares in 2019Q1. Also, the number of hedge funds holding Cisco Systems Inc in their top 10 positions decreased from 246 to 217 for a decrease of 29. Sold All: 39 Reduced: 775 Increased: 472 New Position: 146.

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 $212.45 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 has a 19.21 P/E ratio. 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.

The stock increased 0.43% or $0.21 during the last trading session, reaching $50.14. About 9.60 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 31.37% since September 13, 2018 and is uptrending. It has outperformed by 31.37% the S&P500.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on November, 13. They expect $0.74 EPS, up 8.82 % or $0.06 from last year’s $0.68 per share. CSCO’s profit will be $3.14B for 16.94 P/E if the $0.74 EPS becomes a reality. After $0.76 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts -2.63 % negative EPS growth.

Managed Asset Portfolios Llc holds 6.97% of its portfolio in Cisco Systems, Inc. for 562,407 shares. Oppenheimer & Close Llc owns 103,836 shares or 6.56% of their US portfolio. Moreover, Bar Harbor Trust Services has 6.05% invested in the company for 178,765 shares. The Ontario – Canada-based Heathbridge Capital Management Ltd. has invested 6.01% in the stock. Stack Financial Management Inc, a Montana-based fund reported 930,699 shares.

Since January 1, 0001, it had 1 buy, and 0 insider sales for $557,404 activity.

Cisco Systems, Inc. (NASDAQ:CSCO) Ratings Coverage

Ratings analysis reveals 56% of Cisco Systems’s analysts are positive. Out of 9 Wall Street analysts rating Cisco Systems, 5 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $4700 while the high is $65. The stock’s average target of $55.30 is 10.29% above today’s ($50.14) share price. CSCO was included in 14 notes of analysts from March 25, 2019. The company was maintained on Monday, March 25 by KeyBanc Capital Markets. The firm has “Outperform” rating given on Thursday, August 15 by Raymond James. The company was maintained on Tuesday, June 25 by Cowen & Co. The rating was maintained by Raymond James on Thursday, June 20 with “Buy”. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Neutral” rating given on Thursday, August 15 by Credit Suisse. The firm earned “Neutral” rating on Tuesday, July 30 by Nomura. The company was maintained on Thursday, August 15 by Morgan Stanley. KeyBanc Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, August 15. KeyBanc Capital Markets has “Overweight” rating and $5600 target. Goldman Sachs maintained the stock with “Buy” rating in Tuesday, April 16 report.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Nasdaq.com which released: “Buy Cisco Stock for the Bargain, Stick With it for the Stability – Nasdaq” on September 09, 2019, also Nasdaq.com with their article: “The Zacks Analyst Blog Highlights: Cisco, Medtronic, Novo Nordisk, Southern and TransDigm – Nasdaq” published on August 19, 2019, Nasdaq.com published: “Dow Jones Today: When Listless Is a Good Thing – Nasdaq” on August 15, 2019. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Nasdaq.com and their article: “After Hours Most Active for Aug 27, 2019 : ZNGA, CTL, MSFT, COMM, WMB, CSCO, SAN, BABA, AAPL, DXC, GE, INTC – Nasdaq” published on August 27, 2019 as well as Nasdaq.com‘s news article titled: “More Instant Income With Cisco Systems – Nasdaq” with publication date: September 04, 2019.

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

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