Cisco Systems INC (CSCO) Shareholder Cullen Capital Management LLC Has Decreased Stake as Stock Value Declined

December 15, 2017 - By Henry Gaston

Investors sentiment increased to 1.18 in 2017 Q2. Its up 0.14, from 1.04 in 2017Q1. It increased, 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. 8,870 are owned by Alphaone Svcs Limited Liability Corporation. L & S Incorporated holds 0.35% or 62,787 shares. 442 are owned by Capital Ltd Limited Com. Tarbox Family Office holds 0.03% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 1,769 shares. Investors Asset Of Georgia Inc Ga Adv invested in 27,784 shares or 0.6% of the stock. Moreover, Barrington Strategic Wealth Mngmt Gp Limited has 0.36% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 22,950 shares. The Missouri-based Counselors has invested 0.71% in Cisco Systems, Inc. (NASDAQ:CSCO). Alley Ltd Limited Liability Company stated it has 0.86% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Teachers & Annuity Association Of America holds 0.39% or 362,800 shares. Addison Capital invested in 28,107 shares or 0.7% of the stock. Nippon Life Insur stated it has 0.09% in Cisco Systems, Inc. (NASDAQ:CSCO). Crestpoint Cap Mngmt Ltd Liability Corporation invested in 0.95% or 64,800 shares. Port Solutions Limited Liability Company invested 0% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Retail Bank Of The West holds 103,099 shares or 0.42% of its portfolio. Wealthtrust Axiom Lc accumulated 197,473 shares or 2.32% of the stock.

Since August 23, 2017, it had 0 insider buys, and 5 selling transactions for $15.35 million activity. The insider Walker Karen sold $740,883. On Wednesday, August 23 CHAMBERS JOHN T sold $7.79M worth of Cisco Systems, Inc. (NASDAQ:CSCO) or 250,000 shares. BHATT PRAT sold 25,638 shares worth $821,900. 65,000 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $2.11M were sold by CHANDLER MARK D.

Cullen Capital Management Llc decreased its stake in Cisco Systems Inc. (CSCO) by 4.27% based on its latest 2017Q2 regulatory filing with the SEC. Cullen Capital Management Llc sold 107,310 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 2.40M shares of the technology company at the end of 2017Q2, valued at $75.24M, down from 2.51 million at the end of the previous reported quarter. Cullen Capital Management Llc who had been investing in Cisco Systems Inc. for a number of months, seems to be less bullish one the $187.31 billion market cap company. The stock decreased 0.03% or $0.01 during the last trading session, reaching $37.89. About 9.55 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since December 15, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Cullen Capital Management Llc, which manages about $3.87B and $2.84B US Long portfolio, upped its stake in Novartis Ag (Adr) (NYSE:NVS) by 100,756 shares to 887,991 shares, valued at $74.12M in 2017Q2, according to the filing.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Fool.com which released: “Better Buy: Cisco Systems, Inc. vs. IBM” on November 20, 2017, also Streetinsider.com with their article: “CISCO SYSTEMS, INC.” published on December 14, 2017, Seekingalpha.com published: “Cisco execs in operations, sales departing” on December 14, 2017. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: “Cisco Systems’ (CSCO) CEO Chuck Robbins Hosts 2017 Annual Shareholders Meeting …” published on December 12, 2017 as well as Seekingalpha.com‘s news article titled: “Cisco: Paradigm Shifting Changes Underway, Strong Investment Potential” with publication date: December 11, 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. has $160 highest and $16 lowest target. $35.68’s average target is -5.83% below currents $37.89 stock price. Cisco Systems Inc. had 131 analyst reports since August 4, 2015 according to SRatingsIntel. On Tuesday, August 15 the stock rating was maintained by Drexel Hamilton with “Buy”. As per Wednesday, June 15, the company rating was downgraded by Goldman Sachs. Stifel Nicolaus maintained the shares of CSCO in report on Tuesday, August 15 with “Hold” rating. The rating was maintained by BMO Capital Markets on Wednesday, November 15 with “Hold”. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Monday, August 7 by Robert W. Baird. The firm has “Market Perform” rating by JMP Securities given on Thursday, August 18. As per Wednesday, October 11, the company rating was maintained by KeyBanc Capital Markets. As per Friday, February 12, the company rating was maintained by Oppenheimer. The rating was maintained by Citigroup on Thursday, August 18 with “Buy”. Macquarie Research downgraded Cisco Systems, Inc. (NASDAQ:CSCO) rating on Tuesday, August 4. Macquarie Research has “Underperform” rating and $26 target.

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