Winslow Asset Management Inc. Cuts Position in Cisco Systems, Inc. (CSCO)

Ivan Schwartz
June 1, 2017

In the last three months, insiders sold 327,209 shares of company stock worth $10,397,046.

Currently Cisco Systems Inc (NASDAQ:CSCO)'s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 77.5%.

On the other hand the company has Relative Strength Index (RSI 14) of 35.44 along with Average True Range (ATR 14) of 0.58, Consequently Cisco Systems Inc (NASDAQ:CSCO)'s weekly and monthly volatility is 1.30%, 1.42% respectively. The stock declined 0.43% or $0.14 reaching $31.55 on the news. About 2,333 shares traded.

Cisco Systems (CSCO) remained flat at $31.68 during trading on Friday. It has underperformed by 3.50% the S&P500.

Jackson Wealth Management Llc decreased Vanguard Scottsdale Fds (VCIT) stake by 25,456 shares to 222,613 valued at $19.21 million in 2016Q4. 6,813,877 shares of the company's stock traded hands. Diligent Investors Limited Company reported 45,272 shares stake. The stock has 5 year expected PEG ratio of 1.56 whereas its trailing twelve month P/E ratio is 16.02. It closed at $52.04 lastly. Whiting Petroleum Corp (NYSE:WLL) has declined 20.87% since May 31, 2016 and is downtrending. It has underperformed by 0.31% the S&P500. West Virginia-based National Bank & Trust has invested 2.09% in Cisco Systems, Inc.

Investors sentiment decreased to 1.07 in 2016 Q4. Its down 1.10, from 2.35 in 2016Q3. It turned negative, as 81 investors sold CSCO shares while 635 reduced holdings.

Hedge funds have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC boosted its position in shares of Cisco Systems by 18.0% in the first quarter. Paradigm Cap Incorporated New York holds 0.09% of its portfolio in Bazaarvoice Inc (NASDAQ:BV) for 194,000 shares. Appleton Ma has 57,077 shares for 0.35% of their portfolio. Cambridge Advsrs has 0.53% invested in Cisco Systems, Inc. It also increased its holding in Fnb Corp (NYSE:FNB) by 188,809 shares in the quarter, for a total of 1.10M shares, and has risen its stake in Isha Curr Hedged Msci Eafe (HEFA). Leuthold Gru Limited Liability has invested 0.41% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Bedrijfstakpensioenfonds Voor De Media Pno holds 2.51% or 642,800 shares in its portfolio. BMO Capital Markets reaffirmed an outperform rating and issued a $33.00 target price on shares of Cisco Systems in a research report on Thursday, February 16th.

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Bazaarvoice Inc's director, Jeff Hawn, purchased 1,087 shares of stock in the stock exchange listed company. Burney invested in 121,479 shares or 0.25% of the stock. Macguire Cheswick And Tuttle Counsel Ltd Liability Co accumulated 44,046 shares. Community State Bank Na has 0% invested in Fifth Third Bancorp (NASDAQ:FITB) for 655 shares. Moreover, Cibc Asset Management Inc has 0.14% invested in Cisco Systems, Inc. Whitnell & Company holds 43,049 shares. Shannon River Fund Management Limited Liability Corporation holds 0.67% or 445,742 shares. (NASDAQ:CSCO). Cove Street Cap Lc stated it has 0.14% of its portfolio in Cisco Systems, Inc. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Cisco Systems by 4,150.0% in the fourth quarter.

More notable recent Cisco Systems, Inc. $1.18 million worth of Cisco Systems, Inc. CHANDLER MARK D also sold $544,640 worth of Cisco Systems, Inc.

In other news, insider John T. Chambers sold 295,537 shares of the business's stock in a transaction dated Wednesday, May 24th. Analysts covering the shares have a consensus short-term price target of $35.43 on the equity. Deutsche Bank maintained the stock with "Buy" rating in Wednesday, September 14 report. Therefore 50% are positive. Cisco Systems has a one year low of $27.13 and a one year high of $34.60. JP Morgan maintained it with "Neutral" rating and $28 target in Thursday, May 19 report. The firm earned "Buy" rating on Thursday, August 13 by Goldman Sachs. William Blair reiterated an "outperform" rating on shares of Cisco Systems in a research note on Monday, February 6th. The company was initiated on Wednesday, October 14 by Barclays Capital. The firm earned "Neutral" rating on Monday, February 8 by Macquarie Research. The firm has "Mixed" rating by OTR Global given on Monday, October 31. $10.07M worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, March 9. Tanner Teresa J. sold 26,010 shares worth $647,649. The stock sank -7.01% last month and is up 4.83 this year.

Analysts await Forward Air Corporation (NASDAQ:FWRD) to report earnings on July, 20. During the same period in the previous year, the company earned $0.57 earnings per share. The network equipment provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.58 by $0.02. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have given a buy rating to the stock. Morrison Wm Supermarkets PLC had 218 analyst reports since July 29, 2015 according to SRatingsIntel.

Let's take a look at how the stock has been performing recently. Raymond James has "Outperform" rating and $34 target. Cowen & Co maintained it with "Market Perform" rating and $47 target in Friday, October 23 report. The company was maintained on Thursday, August 18 by KeyBanc Capital Markets. (NASDAQ:CSCO) rating on Friday, September 23. The firm has "Underperform" rating by Robert W. Baird given on Wednesday, November 16. It also upped Waters Corp Com (NYSE:WAT) stake by 3,900 shares and now owns 8,337 shares.

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