Arizona State Retirement System Cuts Stake in Cisco Systems, Inc. (CSCO)

Mae Love
November 15, 2017

The company has market cap of $530.11 million. The stock rose 0.13% or $0.04 reaching $33.99 per share. Papp L Roy & Associates owns 36,422 shares.

Dimensional Fund Advisors Lp increased its investment in Cisco Systems Inc by 2,987,682 shares in the quarter ending 09/30/2017. It has underperformed by 3.50% the S&P500.

As of the end of the quarter Alliancebernstein L.P. had disposed of a total of 1,363,044 shares trimming its position 5.7%.

Other institutional investors have also bought and sold shares of the company. The share price was last seen -0.12% lower, reaching at $33.95 on November 13, 2017. Managed Asset Portfolios Limited Co holds 5.06% or 489,706 shares in its portfolio. It has outperformed by 3.59% the S&P500. Narrowing in, the stock is at a distance of -1.77% from the 50 day high and 8.52% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of Cisco Systems, Inc. Cisco Systems presently has an average rating of "Buy" and a consensus target price of $35.31. Therefore 62% are positive. The rating was maintained by M Partners on Thursday, August 20 with "Neutral". Berenberg Bank restated a hold rating and issued a $33.00 price target on shares of Cisco Systems in a research report on Tuesday, October 24th. The company was downgraded on Tuesday, August 4 by Zacks. Keefe Bruyette & Woods maintained the shares of PNNT in report on Friday, June 23 with "Hold" rating. On Thursday, August 18 the stock rating was maintained by Wunderlich with "Hold". (NASDAQ:CSCO) earned "Buy" rating by Credit Suisse on Wednesday, June 21.

Cisco Systems, Inc.is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that fantastic things can happen when you connect the previously unconnected. (NASDAQ:CSCO) on Wednesday, June 21 with "Buy" rating. On Thursday, August 13 the stock rating was maintained by Piper Jaffray with "Buy". As per Wednesday, August 16, the company rating was maintained by Oppenheimer. Schwab Charles Investment Management Inc. grew its holdings in Cisco Systems by 3.4% during the second quarter. The ROA for Cisco Systems, Inc. tells us exactly what earnings were generated from the invested capital. PNNT's profit would be $13.50 million giving it 9.82 P/E if the $0.19 EPS is correct. Pictet Asset Management Ltd. owned approximately 0.09% of Cisco Systems worth $146,566,000 as of its most recent SEC filing.

Since May 24, 2017, it had 0 buys, and 3 sales for $12.50 million activity.

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In other news, CAO Prat Bhatt sold 25,638 shares of the firm's stock in a transaction that occurred on Wednesday, September 13th.

Investors sentiment decreased to 1.41 in Q2 2017. Its up 0.14, from 1.04 in 2017Q1.

Several firms have updated their holdings. 111 funds opened positions while 694 raised stakes. Jefferies maintained Cisco Systems, Inc. (NASDAQ:CSCO) for 4.13 million shares. Loring Wolcott & Coolidge Fiduciary Advsrs Llp Ma reported 123,864 shares stake. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000. Kings Point Capital Mngmt has 2,778 shares for 0.02% of their portfolio. Boyd Watterson Asset Mgmt Llc Oh holds 37,327 shares or 0.6% of its portfolio. First Republic Inv Mngmt holds 0.01% or 12,883 shares in its portfolio. 132 are owned by Nelson Van Denburg Campbell Wealth Gru Ltd Liability Company. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on November, 15 after the close. (NASDAQ:CSCO) news were published by: Fool.com which released: "Better Buy: Cisco Systems, Inc. vs". More interesting news about Cisco Systems, Inc. The ex-dividend date of this dividend was Wednesday, October 4th.

Among 28 analysts covering AT&T Inc. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Therefore 32% are positive. Pennant Investment had 31 analyst reports since August 6, 2015 according to SRatingsIntel.

914,629 are owned by Morgan Stanley. Telsey Advisory Group maintained the stock with "Outperform" rating in Thursday, November 17 report. The analysts, on average, are forecasting a $3 price target, but the stock is already up 200.83% from its recent lows. The stock of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) has "Buy" rating given on Monday, January 9 by Bank of America. The firm has "Hold" rating by Robert W. Baird given on Monday, October 2. The company was maintained on Friday, September 22 by Jefferies. On Wednesday, September 30 the stock rating was initiated by DA Davidson with "Buy". The monthly performance exhibited a rate of 1.43% with an annual performance rate of 8.26%. BlackRock Japan Co. Ltd raised its position in shares of Cisco Systems by 1.0% in the first quarter. During the same quarter in the prior year, the business posted $0.63 EPS.

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