Short Interest Alert: Is Buying Cisco Systems Incorporated (NASDAQ:CSCO), Having Higher Short Interest a Winning Strategy?

November 30, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Alert: Is Buying Cisco Systems Incorporated (NASDAQ:CSCO), Having Higher Short Interest a Winning Strategy?

The stock of Cisco Systems Incorporated (NASDAQ:CSCO) registered an increase of 0.75% in short interest. CSCO’s total short interest was 45.27M shares in November as published by FINRA. Its up 0.75% from 44.93M shares, reported previously. With 16.65M shares average volume, it will take short sellers 3 days to cover their CSCO’s short positions. The short interest to Cisco Systems Incorporated’s float is 0.9%. About 6.00 million shares traded hands. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 4.16% since April 27, 2016 and is uptrending. It has underperformed by 1.07% the S&P500.

Cisco Systems, Inc. designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The company has a market cap of $149.51 billion. The Firm operates through three geographic divisions: Americas; Europe, the Middle East and Africa , and Asia Pacific, Japan and China (APJC). It has a 14.26 P/E ratio. The Firm groups its products and technologies into various categories, such as Switching; Next-Generation Network (NGN) Routing; Collaboration; Data Center; Wireless; Service Provider Video; Security, and Other Products.

Insitutional Activity: The institutional sentiment is 1.09 in 2016 Q2. Its the same as in 2016Q1. The ratio has no change, as 63 funds sold all Cisco Systems, Inc. shares owned while 598 reduced positions. only 69 funds bought stakes while 652 increased positions. They now own 3.58 billion shares or 4.03% less from 3.73 billion shares in 2016Q1.
Moreover, Guardian Lp has 0.01% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 16,598 shares. The Louisiana-based Iberiabank has invested 2.09% in Cisco Systems, Inc. (NASDAQ:CSCO). Pinnacle Prtnrs Inc owns 44,258 shares or 0.3% of their US portfolio. Montag A And, a Georgia-based fund reported 167,276 shares. Moreover, Dowling Yahnke Llc has 0.74% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 215,473 shares. Van Den Berg Mgmt I has 0.1% invested in the company for 27,836 shares. Janney Montgomery Scott Limited Liability Corp last reported 660,952 shares in the company. Cypress Capital Limited Liability holds 2.22% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 230,075 shares. Nomura Asset Mngmt Com Limited holds 0.67% or 1.24 million shares in its portfolio. Pacad Investment Limited has 269,616 shares for 1.07% of their US portfolio. Lowe Brockenbrough & has 1.78% invested in the company for 357,299 shares. Lazard Asset Ltd, a New York-based fund reported 30.90M shares. Moreover, Princeton Alpha Management Limited Partnership has 0.12% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 22,801 shares. Schmidt P J Invest Management holds 61,047 shares or 0.65% of its portfolio. Moreover, Community Retail Bank Na has 0.97% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 143,075 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 16 insider sales for $39.54 million net activity. BURNS M MICHELE sold $466,379 worth of stock or 15,000 shares. 15,000 shares were sold by HENNESSY JOHN L, worth $468,788. Shares for $797,480 were sold by BHATT PRAT. Shares for $761,731 were sold by CHANDLER MARK D. WEST STEVEN M sold $453,000 worth of stock. On Wednesday, June 1 Jacoby Rebecca sold $2.61M worth of the stock or 90,000 shares. BARTZ CAROL sold $468,785 worth of stock or 15,000 shares.

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

Out of 30 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 18 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 60% are positive. Cisco Systems Inc. has been the topic of 64 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded Cisco Systems, Inc. (NASDAQ:CSCO) rating on Wednesday, June 15. Goldman Sachs has “Neutral” rating and $32 price target. Goldman Sachs downgraded the stock to “Buy” rating in Monday, February 8 report. The stock has “Neutral” rating given by Bank of America on Tuesday, April 5. The firm has “Hold” rating given on Thursday, August 13 by Jefferies. As per Friday, November 18, the company rating was reinitiated by Stifel Nicolaus. The firm has “Equal Weight” rating given on Monday, August 17 by Morgan Stanley. As per Thursday, February 11, the company rating was maintained by Deutsche Bank. On Thursday, August 13 the stock rating was maintained by Goldman Sachs with “Buy”. On Monday, August 15 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Buy” rating given on Wednesday, August 17 by Jefferies.

CSCO Company Profile

Cisco Systems, Inc. (Cisco), incorporated on December 10, 1984, creates and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Firm operates through three geographic divisions: Americas; Europe, the Middle East, and Africa (EMEA), and Asia Pacific, Japan and China (APJC). The Firm groups its products and technologies into the various categories, such as Switching; Next-Generation Network (NGN) Routing; Collaboration; Data Center; Wireless; Service Provider Video; Security, and Other Products. In addition to its product offerings, the Company provides a range of service offerings, including technical support services and advanced services. The Firm delivers its technology and services to its clients as solutions for their priorities, including cloud, video, mobility, security, collaboration and analytics. The Firm helps its clients build networks and automate, orchestrate, integrate and digitize information technology (IT) services and products. It serves customers, including businesses of all sizes, public institutions, governments and service providers.

More important recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Profitconfidential.com which released: “Cisco Systems, Inc.: This Trigger Could Send CSCO Stock Soaring” on November 19, 2016, also Investorplace.com published article titled: “Cisco Systems, Inc. (CSCO) Stock Is Screeching to a Halt”, Investorplace.com published: “2 Post-Trump Trades for Cisco Systems, Inc. (CSCO) Earnings” on November 15, 2016. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) was released by: Profitconfidential.com and their article: “Cisco Systems, Inc.: CSCO Stock Is Setting up to Test Price Support” with publication date: November 06, 2016.

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By Dolores Ford

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