The hedge fund held 1.32M shares of the technology company at the end of 2017Q2, valued at $41.47 million, down from 1.34 million at the end of the previous reported quarter.
The stock increased 0.77% or $0.29 during the last trading session, reaching $38.19. The company's stock had a trading volume of 36,491,640 shares, compared to its average volume of 20,977,446. Cisco Systems, Inc. The firm has a market cap of $187,363.28, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 3.43 and a beta of 1.19. It has underperformed by 3.50% the S&P500. The legal version of this report can be read at https://www.truebluetribune.com/2017/12/17/frontier-investment-mgmt-co-boosts-stake-in-cisco-systems-inc-csco.html. The institutional investor held 6,094 shares of the package goods and cosmetics company at the end of 2017Q2, valued at $531,000, up from 2,609 at the end of the previous reported quarter. Meru Capital Group Lp who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $302.91 billion market cap company. About 2.21 million shares traded or 39.83% up from the average. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since December 17, 2016 and is uptrending. It has outperformed by 24.00% the S&P500.
Investors sentiment decreased to 1.12 in 2017 Q2. Its up 0.14, from 1.04 in 2017Q1. Cisco Sys Inc now has $188.80B valuation.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Kidder Stephen W, a Massachusetts-based fund reported 24,400 shares. Winfield Assocs holds 9,165 shares or 0.12% of its portfolio. Polar Cap Ltd Liability Partnership accumulated 5,500 shares. Blackrock reported 1.57M shares or 0% of all its holdings. (NASDAQ:CSCO). Moreover, Cognios Llc has 0.93% invested in Cisco Systems, Inc. Jefferies maintained the shares of CSCO in report on Friday, June 30 with "Buy" rating. $821,900 worth of Cisco Systems, Inc. (NASDAQ:CSCO). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management Corp reported 1.08M shares. Oppenheimer upgraded Cisco Systems, Inc. (NASDAQ:CSCO). Wellington Shields Capital Management Ltd Co reported 42,570 shares. (NASDAQ:CSCO). Stonebridge Capital Ltd Liability Company has invested 0.63% in Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, September 18.
TRADEMARK VIOLATION NOTICE: "Cisco Systems, Inc". Oakbrook Investments Ltd holds 1.66% or 286,761 shares. Telos Capital Management has 2.38% invested in Cisco Systems, Inc. (NASDAQ:CSCO) or 46,992 shares. Bainco Intll accumulated 164,426 shares. Fort Washington Inv Advisors Oh has invested 1.36% in Cisco Systems, Inc. The Oregon-based M Holdg Incorporated has invested 0.67% in Cisco Systems, Inc. Walker Karen sold $740,883 worth of stock or 23,110 shares. Therefore 68% are positive.
Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The firm has "Overweight" rating given on Wednesday, October 14 by Barclays Capital. The rating was maintained by Jefferies with "Buy" on Friday, July 7. Cowen & Co has "Outperform" rating and $40 target. (NASDAQ:CSCO) on Tuesday, August 4 to "Underperform" rating. The stock has "Buy" rating by Macquarie Research on Friday, July 28. Lourd Capital LLC increased its position in shares of Cisco Systems by 16.1% during the first quarter. Bernstein maintained the shares of CSCO in report on Tuesday, September 1 with "Buy" rating. The rating was downgraded by BMO Capital Markets to "Market Perform" on Tuesday, May 9. The rating was maintained by Piper Jaffray with "Buy" on Monday, September 11. Raymond James maintained the stock with "Buy" rating in Thursday, November 16 report.
Since August 23, 2017, it had 0 buys, and 5 insider sales for $15.35 million activity. 121,390 shares were sold by Robbins Charles, worth $3.89M on Monday, September 11.
In related news, CAO Prat Bhatt sold 2,606 shares of the stock in a transaction dated Wednesday, November 22nd. 25,638 Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, September 11. The shares were sold at an average price of $32.43, for a total transaction of $2,107,950.00.
Brahman Capital Corp, which manages about $4.97B and $3.02 billion US Long portfolio, decreased its stake in Nrg Energy Inc (NYSE:NRG) by 400,000 shares to 9.59M shares, valued at $165.15M in 2017Q2, according to the filing. It also reduced its holding in Berkshire Hathaway Cl B (BRKB) by 5,550 shares in the quarter, leaving it with 7,929 shares, and cut its stake in Bp Plc (NYSE:BP). Following the transaction, the director now owns 113,154 shares of the company's stock, valued at approximately $4,299,852. Its up 0.14, from 1.04 in 2017Q1. 112 funds opened positions while 620 raised stakes. The network equipment provider reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. Lakeview Cap Prtnrs Limited Liability Company owns 20,617 shares or 0.53% of their United States portfolio. Summit Wealth Limited Liability Company stated it has 0.43% in The Procter & Gamble Company (NYSE:PG). Ativo Capital Limited Com has 69,420 shares. Bellecapital Limited accumulated 114,646 shares. They expect $-3.75 earnings per share, down 200.00% or $2.50 from last year's $-1.25 per share. Commercial Bank Of America De has 136,985 shares for 0% of their portfolio. This has been revealed to investors in a report on 11 October. At Bank invested in 0.2% or 53,453 shares. Corporate insiders own 0.05% of the company's stock. (NASDAQ:SRCL). Citadel Ltd Liability Corp has 0.01% invested in Stericycle, Inc. 12,013 are owned by Diversified Tru. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: "Cisco execs in operations, sales departing" published on December 14, 2017 as well as Fool.com's news article titled: "Better Buy: Cisco Systems, Inc. vs. IBM" with publication date: November 20, 2017. Therefore 100% are positive.
The Kansas-based Meritage Portfolio Mgmt has invested 0.88% in Cisco Systems, Inc. The stock has "Buy" rating by Bank of America on Tuesday, June 6. The firm has "Hold" rating by Wunderlich given on Thursday, August 18. Hills Bankshares Tru reported 4,968 shares. (NYSE:HD) earned "Overweight" rating by Barclays Capital on Wednesday, August 16. On Monday, November 13 the stock rating was maintained by RBC Capital Markets with "Buy". RBC Capital Markets maintained the shares of BAC in report on Wednesday, April 5 with "Buy" rating.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.