Bank Of New York Mellon Corp Position in Cisco Systems INC (CSCO) Lowered as Shares Rose

Cisco Systems, Inc. (NASDAQ:CSCO) LogoInvestors sentiment decreased to 0.83 in 2019 Q1. Its down 0.08, from 0.91 in 2018Q4. It worsened, as 58 investors sold CSCO shares while 739 reduced holdings. 139 funds opened positions while 519 raised stakes. 3.03 billion shares or 4.61% less from 3.17 billion shares in 2018Q4 were reported. Evermay Wealth Llc reported 23,592 shares. Wright Investors Inc has 105,896 shares. Mondrian Inv Ptnrs Ltd has 1.59M shares for 2.7% of their portfolio. Clarivest Asset Ltd Com holds 927,007 shares. Highland Cap Mgmt Ltd Company holds 2.19% or 535,060 shares in its portfolio. Navellier & Associate Inc holds 0.47% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 56,148 shares. Adams Diversified Equity Fund stated it has 1.8% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Pictet & Cie (Europe) Sa accumulated 4,470 shares. Edmp Inc has invested 2.35% in Cisco Systems, Inc. (NASDAQ:CSCO). 60,294 are held by Private Harbour Investment Management And Counsel Lc. Captrust Advisors accumulated 366,252 shares. Cumberland Incorporated reported 0.1% stake. 4,500 were reported by Taylor Asset Management. Amp holds 0.68% in Cisco Systems, Inc. (NASDAQ:CSCO) or 2.24 million shares. The Michigan-based Azimuth Mngmt Ltd Liability Com has invested 1.93% in Cisco Systems, Inc. (NASDAQ:CSCO).

Since June 7, 2019, it had 1 insider purchase, and 0 selling transactions for $557,404 activity.

Bank Of New York Mellon Corp decreased its stake in Cisco Systems Inc (CSCO) by 9.36% based on its latest 2019Q1 regulatory filing with the SEC. Bank Of New York Mellon Corp sold 9.35M shares as the company’s stock rose 10.40% with the market. The institutional investor held 90.60M shares of the technology company at the end of 2019Q1, valued at $4.89 billion, down from 99.96M at the end of the previous reported quarter. Bank Of New York Mellon Corp who had been investing in Cisco Systems Inc for a number of months, seems to be less bullish one the $248.07 billion market cap company. The stock increased 1.13% or $0.65 during the last trading session, reaching $57.95. About 13.66 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 14.75% since July 14, 2018 and is uptrending. It has outperformed by 10.32% the S&P500.

Bank Of New York Mellon Corp, which manages about $357.29B US Long portfolio, upped its stake in Spectrum Brands Holdings Inc by 520,620 shares to 969,388 shares, valued at $53.10 million in 2019Q1, according to the filing. It also increased its holding in Viacom Inc (NASDAQ:VIAB) by 352,702 shares in the quarter, for a total of 5.72M shares, and has risen its stake in Bank Of America Corp (NYSE:BAC).

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on August, 21. They expect $0.75 EPS, up 15.38 % or $0.10 from last year’s $0.65 per share. CSCO’s profit will be $3.21B for 19.32 P/E if the $0.75 EPS becomes a reality. After $0.71 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 5.63 % EPS growth.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Prnewswire.com which released: “Cisco Webex Brings the Apollo Team Back Together to Mark the 50th Anniversary of Historic Lunar Landing–and You Can Tune in Too – PRNewswire” on July 11, 2019, also Nasdaq.com with their article: “Cisco (CSCO) Hits 52-Week High, Can the Run Continue? – Nasdaq” published on June 12, 2019, Nasdaq.com published: “Dow on Pace for Best June: 5 Blue Chip Stocks to Buy – Nasdaq” on June 24, 2019. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Nasdaq.com and their article: “Cisco Partners American Well to Boost Telehealth Services – Nasdaq” published on June 17, 2019 as well as Nasdaq.com‘s news article titled: “The Zacks Analyst Blog Highlights: Caterpillar, Roper Technologies, Cisco Systems, Amtech Systems and Intuit – Nasdaq” with publication date: July 02, 2019.

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

Among 12 analysts covering Cisco Systems (NASDAQ:CSCO), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Cisco Systems has $65 highest and $4700 lowest target. $55.67’s average target is -3.93% below currents $57.95 stock price. Cisco Systems had 16 analyst reports since February 12, 2019 according to SRatingsIntel. The rating was maintained by Citigroup on Thursday, February 14 with “Buy”. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Equal-Weight” rating given on Tuesday, February 12 by Morgan Stanley. Credit Suisse maintained the shares of CSCO in report on Thursday, February 14 with “Neutral” rating. On Tuesday, April 16 the stock rating was maintained by Goldman Sachs with “Buy”. The company was maintained on Thursday, February 14 by Wells Fargo. Raymond James maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, June 20. Raymond James has “Buy” rating and $60 target. On Thursday, February 14 the stock rating was maintained by Bank of America with “Buy”. KeyBanc Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Monday, March 25. KeyBanc Capital Markets has “Overweight” rating and $58 target. The firm has “Buy” rating by Cowen & Co given on Tuesday, June 25. The rating was maintained by KeyBanc Capital Markets on Thursday, February 14 with “Overweight”.

Cisco Systems, Inc. (NASDAQ:CSCO) Institutional Positions Chart

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