Alphaone Investment Services LLC Position in Cisco Sys INC (CSCO) Cut by $10.70 Million

December 8, 2017 - By Marguerite Chambers

Investors sentiment increased to 1.18 in 2017 Q2. Its up 0.14, from 1.04 in 2017Q1. It improved, as 90 investors sold CSCO shares while 594 reduced holdings. 111 funds opened positions while 694 raised stakes. 3.60 billion shares or 0.67% less from 3.62 billion shares in 2017Q1 were reported. Security Trust Co invested 0.99% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Ci Investments Inc reported 3.46M shares or 1.17% of all its holdings. Wealthtrust reported 0.09% in Cisco Systems, Inc. (NASDAQ:CSCO). Schaper Benz And Wise Inv Counsel Wi reported 487,167 shares. Moreover, Aviance Capital Prtnrs has 0.44% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 43,247 shares. Randolph Comm accumulated 3.74% or 629,325 shares. Apriem has invested 1.13% in Cisco Systems, Inc. (NASDAQ:CSCO). 64.57 million were accumulated by Northern Tru. 22,899 were reported by Oakworth. Private Na, Ohio-based fund reported 59,567 shares. Professional Advisory Inc holds 0.05% or 7,578 shares in its portfolio. Beach Investment Mngmt Limited Liability Company has 0.11% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 32,909 shares. Capwealth Limited Liability Corporation holds 2.28% in Cisco Systems, Inc. (NASDAQ:CSCO) or 362,639 shares. Moreover, Advantage Inc has 4.13% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 155,373 shares. 3.39M are owned by Korea Investment.

Since June 11, 2017, it had 0 buys, and 1 insider sale for $2.94 million activity. Walker Karen also sold $244,125 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares.

Alphaone Investment Services Llc decreased its stake in Cisco Sys Inc (CSCO) by 97.49% based on its latest 2017Q2 regulatory filing with the SEC. Alphaone Investment Services Llc sold 345,130 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 8,870 shares of the technology company at the end of 2017Q2, valued at $278,000, down from 354,000 at the end of the previous reported quarter. Alphaone Investment Services Llc who had been investing in Cisco Sys Inc for a number of months, seems to be less bullish one the $184.89B market cap company. The stock decreased 0.03% or $0.01 during the last trading session, reaching $37.4. About 17.09 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since December 8, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Alphaone Investment Services Llc, which manages about $491.59M and $371.48M US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 28,650 shares to 86,650 shares, valued at $13.08M in 2017Q2, according to the filing.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: “Finally, Cisco Gets What It Deserves” on December 01, 2017, also Fool.com with their article: “Why 2017 was a Year to Forget for Cisco Systems, Inc.” published on November 09, 2017, Seekingalpha.com published: “Cisco Systems Back In Black” on November 22, 2017. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Investorplace.com and their article: “Why Cisco Systems, Inc. Stock Is STILL a Safe Bet for Investors” published on November 27, 2017 as well as Usnews.com‘s news article titled: “Cisco, eBay Inc Left Behind By the Tech Boom” with publication date: December 01, 2017.

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

Among 37 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 23 have Buy rating, 0 Sell and 14 Hold. Therefore 62% are positive. Cisco Systems Inc. had 131 analyst reports since August 4, 2015 according to SRatingsIntel. As per Thursday, August 18, the company rating was maintained by JMP Securities. The rating was maintained by Argus Research with “Buy” on Friday, August 19. Oppenheimer maintained it with “Outperform” rating and $160 target in Friday, February 12 report. Deutsche Bank maintained the shares of CSCO in report on Tuesday, June 13 with “Buy” rating. On Wednesday, August 16 the stock rating was maintained by Piper Jaffray with “Buy”. The rating was downgraded by Morgan Stanley on Monday, August 17 to “Equal Weight”. The stock has “Outperform” rating by Raymond James on Friday, September 23. The firm earned “Underperform” rating on Thursday, May 19 by Credit Suisse. BMO Capital Markets maintained the shares of CSCO in report on Thursday, May 19 with “Outperform” rating. On Thursday, November 16 the stock rating was maintained by Deutsche Bank with “Buy”.

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