As Cisco Sys INC (CSCO) Shares Declined, Brandywine Global Investment Management LLC Upped Its Stake

February 15, 2018 - By Peter Erickson

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.16, from 1.18 in 2017Q2. It worsened, as 74 investors sold CSCO shares while 637 reduced holdings. 107 funds opened positions while 619 raised stakes. 3.60 billion shares or 0.03% more from 3.60 billion shares in 2017Q2 were reported. Evanston Invests Dba Evanston Advsr holds 1.98% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 244,629 shares. The New Jersey-based Quantum Capital Mgmt Ltd Liability Com Nj has invested 0% in Cisco Systems, Inc. (NASDAQ:CSCO). Poplar Forest Lc has invested 0.26% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). California-based Gemmer Asset Limited Liability Corp has invested 0.07% in Cisco Systems, Inc. (NASDAQ:CSCO). Baker Ellis Asset Management Ltd Liability Com has invested 0.13% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Mcf Ltd Liability invested 0.05% in Cisco Systems, Inc. (NASDAQ:CSCO). Old Natl Retail Bank In invested in 0.26% or 141,287 shares. Moreover, First Long Island Invsts Ltd Com has 0.04% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Bancshares holds 1.72% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 171,075 shares. Fuller & Thaler Asset Mngmt reported 22,700 shares stake. Cincinnati Fincl Corporation has invested 3.64% in Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Bath Savings Tru has 0.2% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Park Avenue Securities Ltd Llc owns 12,820 shares. Kelly Lawrence W & Assoc Inc Ca reported 161,121 shares stake. Stock Yards Bancorporation And holds 63,207 shares or 0.25% of its portfolio.

Since August 23, 2017, it had 0 insider buys, and 7 sales for $23.51 million activity. CHANDLER MARK D sold 65,000 shares worth $2.11 million. BARTZ CAROL had sold 200,000 shares worth $7.59 million on Thursday, December 14. The insider Walker Karen sold 23,110 shares worth $740,883. The insider BHATT PRAT sold $821,900. 121,390 shares were sold by Robbins Charles, worth $3.89 million. CHAMBERS JOHN T sold 250,000 shares worth $7.79M.

Brandywine Global Investment Management Llc increased its stake in Cisco Sys Inc (CSCO) by 3.14% based on its latest 2017Q3 regulatory filing with the SEC. Brandywine Global Investment Management Llc bought 274,842 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 9.03M shares of the technology company at the end of 2017Q3, valued at $303.52 million, up from 8.75M 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 bullish on the $214.97B market cap company. The stock increased 3.31% or $1.395 during the last trading session, reaching $43.485. About 44.38M shares traded or 72.92% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since February 15, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Brandywine Global Investment Management Llc, which manages about $52.46B and $15.78B US Long portfolio, decreased its stake in Alaska Air Group Inc (NYSE:ALK) by 87,375 shares to 25,084 shares, valued at $1.91M in 2017Q3, according to the filing. It also reduced its holding in United Contl Hldgs Inc (NYSE:UAL) by 260,528 shares in the quarter, leaving it with 84,461 shares, and cut its stake in Bp Plc (NYSE:BP).

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Usnews.com which released: “Cisco Expects to Put Up a Big Earnings Number” on February 09, 2018, also Investorplace.com with their article: “Optimism High for Cisco Systems, Inc. Before Earnings” published on February 13, 2018, Seekingalpha.com published: “Cisco Systems: Transformation Priced In After Rally” on February 15, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Nasdaq.com and their article: “Cisco Systems Inc. Reveals Gain In Q2 Profit” published on February 14, 2018 as well as Bloomberg.com‘s news article titled: “Cisco Surges to Highest in 17 Years on Bullish Earnings Outlook” with publication date: February 15, 2018.

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

Among 38 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 26 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Cisco Systems Inc. had 147 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by RBC Capital Markets on Sunday, February 11. Barclays Capital maintained the shares of CSCO in report on Thursday, August 18 with “Overweight” rating. The company was maintained on Friday, June 23 by Drexel Hamilton. The firm has “Buy” rating given on Tuesday, June 20 by RBC Capital Markets. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Overweight” rating given on Thursday, May 19 by Barclays Capital. Suntrust Robinson initiated Cisco Systems, Inc. (NASDAQ:CSCO) rating on Tuesday, November 24. Suntrust Robinson has “Buy” rating and $32 target. KeyBanc Capital Markets maintained the stock with “Buy” rating in Thursday, February 15 report. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Tuesday, August 4 by Zacks. The stock has “Overweight” rating by Piperjaffray on Thursday, August 18. Piper Jaffray maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, August 13 with “Buy” rating.

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