Blackrock Has Trimmed Its Cisco Sys (CSCO) Stake by $211.71 Million; Stock Price Rose; Microsoft (MSFT) Holder Verity Asset Management Trimmed Its Stake

May 22, 2018 - By Clifton Ray

Cisco Systems, Inc. (NASDAQ:CSCO) Logo

Verity Asset Management Inc decreased its stake in Microsoft Corp (MSFT) by 60.12% based on its latest 2017Q4 regulatory filing with the SEC. Verity Asset Management Inc sold 17,300 shares as the company’s stock rose 4.63% while stock markets declined. The institutional investor held 11,475 shares of the prepackaged software company at the end of 2017Q4, valued at $1.02 million, down from 28,775 at the end of the previous reported quarter. Verity Asset Management Inc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $751.26B market cap company. The stock increased 0.18% or $0.18 during the last trading session, reaching $97.78. About 7.82M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since May 22, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.




Blackrock Inc decreased its stake in Cisco Sys Inc (CSCO) by 1.63% based on its latest 2017Q4 regulatory filing with the SEC. Blackrock Inc sold 5.57M shares as the company’s stock rose 10.71% while stock markets declined. The institutional investor held 335.37 million shares of the technology company at the end of 2017Q4, valued at $12.84B, down from 340.95M at the end of the previous reported quarter. Blackrock Inc who had been investing in Cisco Sys Inc for a number of months, seems to be less bullish one the $211.10 billion market cap company. The stock increased 0.16% or $0.07 during the last trading session, reaching $43.82. About 9.57M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since May 22, 2017 and is uptrending. It has outperformed by 14.02% the S&P500.

Blackrock Inc, which manages about $2101.76 billion US Long portfolio, upped its stake in Clovis Oncology Inc (NASDAQ:CLVS) by 129,643 shares to 3.73M shares, valued at $253.39M in 2017Q4, according to the filing. It also increased its holding in G1 Therapeutics Inc by 396,215 shares in the quarter, for a total of 745,445 shares, and has risen its stake in Bank Of Marin Bancorp (NASDAQ:BMRC).

Among 39 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Cisco Systems Inc. had 169 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, July 21 by Wells Fargo. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Cowen & Co on Friday, November 3. GBH Insights maintained the shares of CSCO in report on Monday, May 14 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Friday, May 26 report. On Wednesday, June 21 the stock rating was maintained by Credit Suisse with “Buy”. The firm has “Overweight” rating by Barclays Capital given on Wednesday, October 14. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by William Blair on Thursday, June 29. Raymond James maintained it with “Outperform” rating and $34 target in Friday, September 23 report. The company was maintained on Wednesday, February 14 by BMO Capital Markets. The rating was maintained by Morgan Stanley on Monday, February 26 with “Overweight”.

Investors sentiment increased to 1.03 in 2017 Q4. Its up 0.01, from 1.02 in 2017Q3. It is positive, as 51 investors sold CSCO shares while 660 reduced holdings. 145 funds opened positions while 589 raised stakes. 3.54 billion shares or 1.52% less from 3.60 billion shares in 2017Q3 were reported. Livingston Grp Incorporated Asset Mgmt (Operating As Southport Cap Management) holds 1.6% or 109,922 shares in its portfolio. Cullen Frost Bankers holds 0.73% or 598,502 shares in its portfolio. Bnp Paribas Arbitrage Sa reported 3.19 million shares. Tompkins Fin Corporation reported 109,587 shares or 0.96% of all its holdings. Tributary Capital Mngmt Limited Liability Com reported 22,425 shares. 12.67M are held by California Employees Retirement Sys. Vanguard Gru Inc stated it has 360.17M shares or 0.6% of all its holdings. Oppenheimer Inc reported 529,557 shares. Stewart And Patten Limited Liability Company reported 11,650 shares or 0.08% of all its holdings. Dana Invest has 87,237 shares for 0.15% of their portfolio. New York-based Edgewood Lc has invested 0.01% in Cisco Systems, Inc. (NASDAQ:CSCO). Hexavest holds 4.43M shares. Wilbanks Smith & Thomas Asset Mgmt Ltd Llc has 52,338 shares for 0.16% of their portfolio. Heritage Wealth accumulated 12,305 shares. Sawgrass Asset Mngmt Lc has invested 0.13% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO).

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Benzinga.com which released: “What Wall Street Thinks Of Cisco’s Q3 Earnings” on May 17, 2018, also 247Wallst.com with their article: “Why an Earnings Beat Isn’t Enough for This Top Dow Stock” published on May 17, 2018, Nasdaq.com published: “No Surprises in Cisco’s Earnings Report” on May 17, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: 247Wallst.com and their article: “Cisco Still Holds Rank as Top Performing Dow Stock” published on May 05, 2018 as well as Globenewswire.com‘s news article titled: “Cisco Completes Acquisition of Accompany” with publication date: May 10, 2018.

Since December 14, 2017, it had 0 buys, and 5 sales for $10.28 million activity. BARTZ CAROL had sold 200,000 shares worth $7.59 million. Goeckeler David sold $940,559 worth of stock. MCGEARY RODERICK C had sold 15,230 shares worth $578,740. Shares for $625,751 were sold by SARIN ARUN.

Since February 16, 2018, it had 0 insider purchases, and 3 insider sales for $930,912 activity.

Investors sentiment decreased to 0.77 in Q4 2017. Its down 0.06, from 0.83 in 2017Q3. It dropped, as 39 investors sold MSFT shares while 1012 reduced holdings. 134 funds opened positions while 676 raised stakes. 5.46 billion shares or 0.90% less from 5.51 billion shares in 2017Q3 were reported. Berkshire Asset Management Ltd Com Pa has invested 3.57% in Microsoft Corporation (NASDAQ:MSFT). Osterweis Capital owns 304,685 shares for 1.85% of their portfolio. Cincinnati has 1.43M shares for 3.49% of their portfolio. The California-based Laurel Grove Cap Ltd Liability Corporation has invested 0.55% in Microsoft Corporation (NASDAQ:MSFT). Livforsakringsbolaget Skandia Omsesidigt has invested 2.69% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Marble Harbor Investment Counsel has invested 3.45% in Microsoft Corporation (NASDAQ:MSFT). Thrivent Finance For Lutherans reported 1.79% in Microsoft Corporation (NASDAQ:MSFT). St Germain D J Inc stated it has 38,281 shares. Cutter Brokerage Inc holds 0.16% or 4,651 shares. 21.55 million are owned by Sumitomo Mitsui. Toth Financial Advisory Corporation, a Virginia-based fund reported 130,193 shares. The New York-based Dsm Capital Prtnrs Ltd Company has invested 4.85% in Microsoft Corporation (NASDAQ:MSFT). Barr E S And reported 6,912 shares. Jlb Assocs invested 2.98% in Microsoft Corporation (NASDAQ:MSFT). Beck Ltd Limited Liability Company invested 2.38% of its portfolio in Microsoft Corporation (NASDAQ:MSFT).

Verity Asset Management Inc, which manages about $409.92 million and $132.76M US Long portfolio, upped its stake in Ishares Tr Russell 2000 Etf (IWM) by 4,338 shares to 20,235 shares, valued at $3.14M in 2017Q4, according to the filing. It also increased its holding in Ishares Tr Nasdaq Biotech Etf (IBB) by 17,710 shares in the quarter, for a total of 26,532 shares, and has risen its stake in Spdr Dow Jones Indl Average Etf Tr Unit Ser 1 (DIA).

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on July, 19. They expect $1.08 EPS, up 10.20% or $0.10 from last year’s $0.98 per share. MSFT’s profit will be $8.30 billion for 22.63 P/E if the $1.08 EPS becomes a reality. After $0.95 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 13.68% EPS growth.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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