Brandywine Global Investment Management LLC Stake in Cisco Sys INC (CSCO) Boosted as Stock Price Declined

February 15, 2018 - By Vivian Park

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.16, from 1.18 in 2017Q2. It dived, 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. Axa reported 4.42 million shares. Clean Yield Gru accumulated 225,888 shares or 3.1% of the stock. Boston And Mgmt Inc owns 143,097 shares. Amica Retiree Med Tru has 1.11% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 41,774 shares. Ngam Advsrs Lp invested 1.29% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Meristem Llp has invested 0.12% in Cisco Systems, Inc. (NASDAQ:CSCO). State Bank Va has 3.85% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Deutsche Bancorp Ag invested in 1.25% or 54.17M shares. West Family Inc owns 0.49% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 120,000 shares. Guggenheim Cap Lc accumulated 5.03M shares or 0.4% of the stock. Santa Barbara Asset Ltd Liability invested in 2.49% or 4.64 million shares. Steinberg Asset Mgmt has invested 0.13% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Ccm Inv Advisers Ltd Co reported 298,577 shares. Connable Office holds 0.43% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 63,020 shares. Nadler Financial Gp Incorporated holds 11,544 shares or 0.13% of its portfolio.

Since August 23, 2017, it had 0 buys, and 7 insider sales for $23.51 million activity. CHAMBERS JOHN T sold $7.79 million worth of stock or 250,000 shares. $578,740 worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by MCGEARY RODERICK C. Robbins Charles also sold $3.89M worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, September 11. Walker Karen sold 23,110 shares worth $740,883. CHANDLER MARK D sold 65,000 shares worth $2.11 million. On Monday, September 11 BHATT PRAT sold $821,900 worth of Cisco Systems, Inc. (NASDAQ:CSCO) or 25,638 shares.

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 9.03 million shares of the technology company at the end of 2017Q3, valued at $303.52M, up from 8.75 million 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 $214.97 billion 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 $52.46 billion and $15.78 billion US Long portfolio, decreased its stake in Chevron Corp New (NYSE:CVX) by 52,907 shares to 1.76M shares, valued at $206.49M in 2017Q3, according to the filing. It also reduced its holding in Wal (NYSE:WMT) by 447,697 shares in the quarter, leaving it with 2.65M shares, and cut its stake in Kkr & Co LP Del (NYSE:KKR).

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 Globenewswire.com with their article: “Cisco Reports Second Quarter Earnings” published on February 14, 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: Fool.com and their article: “Cisco Systems, Inc. (CSCO) Q2 2018 Earnings Conference Call Transcript” published on February 15, 2018 as well as Fool.com‘s news article titled: “Is Cisco Systems, Inc. (CSCO) a Buy?” with publication date: January 17, 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 rating was maintained by Barclays Capital on Thursday, August 18 with “Overweight”. Bernstein maintained the stock with “Buy” rating in Tuesday, September 1 report. The firm has “Buy” rating by UBS given on Thursday, November 16. The firm has “Buy” rating by Citigroup given on Tuesday, October 6. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Hold” rating given on Friday, November 18 by Stifel Nicolaus. KeyBanc Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, November 16 with “Overweight” rating. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Overweight” rating by Barclays Capital on Monday, August 15. The rating was maintained by Nomura on Thursday, June 29 with “Hold”. Nomura maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, November 16 with “Neutral” rating. Argus Research maintained it with “Buy” rating and $44 target in Friday, November 17 report.

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