As Cisco Sys INC (CSCO) Shares Rose, Holder Brandywine Global Investment Management LLC Trimmed by $18.80 Million Its Holding

October 2, 2018 - By Hazel Jackson

Cisco Systems, Inc. (NASDAQ:CSCO) LogoInvestors sentiment increased to 0.84 in Q2 2018. Its up 0.11, from 0.73 in 2018Q1. It improved, 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. 13.90M are held by Pnc Fincl Svcs Group Incorporated. Reliant Inv Lc reported 0.36% in Cisco Systems, Inc. (NASDAQ:CSCO). Hl Financial Service Ltd Com owns 2.27 million shares for 1.69% of their portfolio. Valmark Advisers holds 0.01% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 7,035 shares. Miller Howard Invs Inc New York owns 1.26 million shares or 1.3% of their US portfolio. Newfocus Financial Ltd Liability Company invested in 165,957 shares. Bbva Compass Savings Bank holds 1.01% in Cisco Systems, Inc. (NASDAQ:CSCO) or 371,595 shares. First United Financial Bank Tru has invested 0.94% in Cisco Systems, Inc. (NASDAQ:CSCO). Mitsubishi Ufj Securities Holdg Ltd owns 4,530 shares. Badgley Phelps & Bell Inc has 201,439 shares for 0.58% of their portfolio. Ameritas Prtnrs has 244,848 shares. Beacon Financial Grp Inc holds 1.15% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 157,614 shares. Winch Advisory Service Lc accumulated 46,434 shares or 1.08% of the stock. Nj State Employees Deferred Compensation Plan has 1.04% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 135,000 shares. First Manhattan Com owns 0.11% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 449,162 shares.

Since June 22, 2018, it had 0 buys, and 5 sales for $21.33 million activity. On Friday, September 14 the insider Tan Irving sold $3.24M. $3.30M worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by Kramer Kelly A. on Tuesday, September 11. Shares for $1.51 million were sold by Goeckeler David on Friday, June 22.

Brandywine Global Investment Management Llc decreased its stake in Cisco Sys Inc (CSCO) by 5.3% based on its latest 2018Q2 regulatory filing with the SEC. Brandywine Global Investment Management Llc sold 437,206 shares as the company’s stock rose 6.54% with the market. The institutional investor held 7.81 million shares of the technology company at the end of 2018Q2, valued at $336.09M, down from 8.25M at the end of the previous reported quarter. Brandywine Global Investment Management Llc who had been investing in Cisco Sys Inc for a number of months, seems to be less bullish one the $223.40 billion market cap company. The stock increased 0.45% or $0.22 during the last trading session, reaching $48.87. About 12.08M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 44.68% since October 2, 2017 and is uptrending. It has outperformed by 29.06% the S&P500.

Brandywine Global Investment Management Llc, which manages about $52.46B and $15.67 billion US Long portfolio, upped its stake in Slm Corp (NASDAQ:SLM) by 363,071 shares to 5.50M shares, valued at $63.00M in 2018Q2, according to the filing. It also increased its holding in Exxon Mobil Corp (NYSE:XOM) by 2.74M shares in the quarter, for a total of 2.90 million shares, and has risen its stake in Invesco Ltd (NYSE:IVZ).

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on November, 21. They expect $0.65 EPS, up 18.18 % or $0.10 from last year’s $0.55 per share. CSCO’s profit will be $2.97B for 18.80 P/E if the $0.65 EPS becomes a reality. After $0.65 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: “Cisco Systems: Change Of Heart” on September 20, 2018, also Nasdaq.com with their article: “Thank Wall Street Later, Buy Arista Stock Today” published on September 27, 2018, Seekingalpha.com published: “Is Cisco Still A Buy?” on September 10, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Nasdaq.com and their article: “7 Stocks to Buy Thanks to Trump’s New Trade Deal” published on October 01, 2018 as well as Globenewswire.com‘s news article titled: “Cisco Completes Acquisition of Duo Security” with publication date: October 01, 2018.

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

Among 14 analysts covering Cisco Systems (NASDAQ:CSCO), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Cisco Systems had 22 analyst reports since April 18, 2018 according to SRatingsIntel. Credit Suisse maintained it with “Neutral” rating and $43 target in Thursday, August 16 report. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Overweight” rating given on Tuesday, September 4 by Morgan Stanley. Piper Jaffray maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Wednesday, April 18. Piper Jaffray has “Buy” rating and $4900 target. The rating was maintained by BMO Capital Markets with “Market Perform” on Thursday, August 16. J.P. Morgan initiated the stock with “Buy” rating in Thursday, May 3 report. The company was maintained on Monday, May 14 by GBH Insights. The rating was maintained by Cowen & Co on Monday, May 14 with “Buy”. On Thursday, May 17 the stock rating was maintained by UBS with “Buy”. Morgan Stanley maintained it with “Overweight” rating and $48 target in Thursday, July 19 report. The company was maintained on Monday, June 11 by J.P. Morgan.

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

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