Cisco Systems INC (CSCO) Holder Oregon Public Employees Retirement Fund Cut Its Position by $4.94 Million

June 19, 2017 - By Peter Erickson

Investors sentiment decreased to 1.07 in Q4 2016. Its down 0.02, from 1.09 in 2016Q3. It worsened, as 81 investors sold CSCO shares while 635 reduced holdings. 117 funds opened positions while 651 raised stakes. 3.60 billion shares or 0.42% more from 3.58 billion shares in 2016Q3 were reported. American Century Incorporated, a Missouri-based fund reported 10.43 million shares. Aureus Asset holds 0.19% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 31,841 shares. Nadler Grp Inc holds 0.17% or 15,574 shares. Whittier Tru Communication, California-based fund reported 227,998 shares. Livforsakringsbolaget Skandia Omsesidigt accumulated 600,489 shares. Klingenstein Fields & Limited invested in 0.07% or 53,829 shares. 97,775 are held by Delta Capital Limited Liability Corporation. Altfest L J reported 82,999 shares. Moreover, Athena Global Limited Liability has 6.1% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 82,951 shares. Virginia-based Outfitter Advisors Ltd has invested 0.77% in Cisco Systems, Inc. (NASDAQ:CSCO). 188,395 are held by Gofen Glossberg Ltd Co Il. Cape Cod Five Cents Bancorporation stated it has 168,765 shares. Regent Management Limited Liability Company holds 1.17% in Cisco Systems, Inc. (NASDAQ:CSCO) or 75,606 shares. Alpha Windward Lc owns 6,703 shares for 0.13% of their portfolio. Laffer Invests, Tennessee-based fund reported 32,332 shares.

Since December 23, 2016, it had 1 insider purchase, and 9 insider sales for $22.65 million activity. Walker Karen sold $54,525 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Friday, December 23. $1.18 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by Dedicoat Chris on Friday, February 24. MCGEARY RODERICK C had sold 10,000 shares worth $340,700 on Thursday, February 23. Shares for $472,436 were sold by SARIN ARUN. CHAMBERS JOHN T had sold 295,537 shares worth $9.31 million on Wednesday, May 24. 16,000 shares were sold by CHANDLER MARK D, worth $544,640 on Thursday, March 9. On Wednesday, February 22 the insider WEST STEVEN M bought $102,679.

Oregon Public Employees Retirement Fund decreased its stake in Cisco Systems Inc (CSCO) by 9.67% based on its latest 2016Q4 regulatory filing with the SEC. Oregon Public Employees Retirement Fund sold 164,708 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 1.54M shares of the technology company at the end of 2016Q4, valued at $46.52M, down from 1.70 million at the end of the previous reported quarter. Oregon Public Employees Retirement Fund who had been investing in Cisco Systems Inc for a number of months, seems to be less bullish one the $159.13 billion market cap company. The stock rose 0.46% or $0.15 reaching $31.77. About 2.81M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since June 19, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Oregon Public Employees Retirement Fund, which manages about $4.83B US Long portfolio, upped its stake in Monster Beverage Corp by 78,234 shares to 93,647 shares, valued at $4.15M in 2016Q4, according to the filing. It also increased its holding in Weyerhaeuser Co (NYSE:WY) by 303,602 shares in the quarter, for a total of 380,842 shares, and has risen its stake in Prologis Inc (NYSE:PLD).

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: “Cisco: $40 Per Share Is Possible” on May 28, 2017, also Seekingalpha.com with their article: “Cisco Systems: In The Bin, But No Bargain” published on May 22, 2017, Seekingalpha.com published: “Cisco: New Life For This Old Tech?” on June 12, 2017. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: “Cisco Crosses To The Dark Side” published on June 12, 2017 as well as Seekingalpha.com‘s news article titled: “Gartner’s Cybersecurity Outlook Fits Cisco To AT” with publication date: June 01, 2017.

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

Among 31 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 19 have Buy rating, 1 Sell and 11 Hold. Therefore 61% are positive. Cisco Systems Inc. had 70 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Positive” rating by OTR Global on Thursday, February 2. JP Morgan maintained it with “Neutral” rating and $28 target in Thursday, May 19 report. The stock has “Market Perform” rating by JMP Securities on Thursday, August 18. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, February 16 report. Stifel Nicolaus reinitiated the shares of CSCO in report on Friday, November 18 with “Hold” rating. Citigroup maintained it with “Buy” rating and $35 target in Thursday, August 18 report. The firm has “Equal-Weight” rating given on Thursday, August 18 by Morgan Stanley. The company was maintained on Thursday, May 19 by Credit Suisse. Morgan Stanley upgraded Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, May 15 to “Overweight” rating. The firm has “Overweight” rating by Piperjaffray given on Thursday, August 18.

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