Cisco Systems INC (CSCO) Stock Rose While Rnc Capital Management LLC Lifted Its Position

November 10, 2018 - By Peter Erickson

Cisco Systems, Inc. (NASDAQ:CSCO) LogoInvestors sentiment increased to 0.84 in Q2 2018. Its up 0.11, from 0.73 in 2018Q1. It is positive, as 61 investors sold CSCO shares while 733 reduced holdings. 133 funds opened positions while 531 raised stakes. 3.26 billion shares or 4.11% less from 3.40 billion shares in 2018Q1 were reported. Gsa Capital Prns Ltd Liability Partnership has 0.04% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 18,929 shares. Miller Invest Limited Partnership holds 0.29% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 22,500 shares. Broderick Brian C has 52,045 shares. Advisory Incorporated reported 357,099 shares. Ingalls Snyder Lc accumulated 0.9% or 448,530 shares. Oppenheimer Asset Mgmt has invested 1.14% in Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Financial Advantage has 3.95% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 120,860 shares. Gator Capital Mngmt Ltd Liability Corp reported 11,400 shares stake. Minnesota-based Thrivent Fincl For Lutherans has invested 1.37% in Cisco Systems, Inc. (NASDAQ:CSCO). American Beacon Advsrs Inc stated it has 5,671 shares. Yorktown Mgmt And Research Inc owns 55,500 shares. Intersect Ltd has 1.36% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 65,435 shares. Grubman Wealth Management holds 6,831 shares or 0.21% of its portfolio. Papp L Roy & Associates reported 0.31% in Cisco Systems, Inc. (NASDAQ:CSCO). Front Barnett Assocs Lc has 47,834 shares.

Since June 22, 2018, it had 0 buys, and 5 sales for $21.33 million activity. Kramer Kelly A. also sold $3.30 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares. Another trade for 63,050 shares valued at $3.00 million was sold by Goeckeler David. On Monday, September 17 the insider Robbins Charles sold $10.28M.

Rnc Capital Management Llc increased its stake in Cisco Systems Inc (CSCO) by 27.87% based on its latest 2018Q2 regulatory filing with the SEC. Rnc Capital Management Llc bought 259,302 shares as the company’s stock rose 6.54% with the market. The institutional investor held 1.19 million shares of the technology company at the end of 2018Q2, valued at $51.20 million, up from 930,456 at the end of the previous reported quarter. Rnc Capital Management Llc who had been investing in Cisco Systems Inc for a number of months, seems to be bullish on the $215.36 billion market cap company. The stock decreased 2.75% or $1.33 during the last trading session, reaching $47.11. About 22.02M shares traded or 3.00% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 44.68% since November 10, 2017 and is uptrending. It has outperformed by 29.06% the S&P500.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: “Stocks To Watch: All Eyes On Walmart, Volkswagen And A Jedi Contract” on November 10, 2018, also Fool.com with their article: “Could Cisco Systems, Inc. Be a Millionaire-Maker Stock?” published on October 13, 2018, Seekingalpha.com published: “Chances of a higher Red Hat buyout?” on October 30, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Globenewswire.com and their article: “Cisco Announces November 2018 Event with the Financial Community” published on November 01, 2018 as well as Gurufocus.com‘s news article titled: “US Market Indexes Close Lower With Inflation Worries” with publication date: November 09, 2018.

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

Among 12 analysts covering Cisco Systems (NASDAQ:CSCO), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Cisco Systems had 18 analyst reports since May 14, 2018 according to SRatingsIntel. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by UBS on Thursday, May 17. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Monday, June 11 by J.P. Morgan. Morgan Stanley maintained the shares of CSCO in report on Thursday, July 19 with “Overweight” rating. As per Monday, May 14, the company rating was maintained by GBH Insights. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Friday, June 8 by Oppenheimer. The firm has “Overweight” rating given on Tuesday, September 4 by Morgan Stanley. The stock has “Buy” rating by Cowen & Co on Monday, May 14. The firm has “Market Perform” rating by BMO Capital Markets given on Thursday, August 16. Credit Suisse maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, August 16. Credit Suisse has “Neutral” rating and $43 target. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Monday, June 4 by Cowen & Co.

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

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