Forward Management Lowered Infosys LTD (INFY) Stake as Market Value Rose; As Cisco Systems (CSCO) Share Price Declined, American International Group Decreased by $1.05 Million Its Position

November 22, 2017 - By Hazel Jackson

American International Group Inc decreased its stake in Cisco Systems Inc (CSCO) by 0.2% based on its latest 2017Q2 regulatory filing with the SEC. American International Group Inc sold 33,805 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 17.01M shares of the technology company at the end of 2017Q2, valued at $532.56M, down from 17.05 million at the end of the previous reported quarter. American International Group Inc who had been investing in Cisco Systems Inc for a number of months, seems to be less bullish one the $180.86 billion market cap company. The stock declined 0.34% or $0.12 reaching $36.53 per share. About 8.28M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since November 22, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Forward Management Llc decreased its stake in Infosys Ltd (INFY) by 11.75% based on its latest 2017Q2 regulatory filing with the SEC. Forward Management Llc sold 27,646 shares as the company’s stock rose 1.88% with the market. The institutional investor held 207,723 shares of the edp services company at the end of 2017Q2, valued at $3.12M, down from 235,369 at the end of the previous reported quarter. Forward Management Llc who had been investing in Infosys Ltd for a number of months, seems to be less bullish one the $34.10 billion market cap company. The stock rose 0.50% or $0.07 reaching $15.19. About 671,225 shares traded. Infosys Ltd ADR (NYSE:INFY) has declined 17.92% since November 22, 2016 and is downtrending. It has underperformed by 34.62% the S&P500.

American International Group Inc, which manages about $28.04B US Long portfolio, upped its stake in Bioverativ Inc by 8,501 shares to 221,451 shares, valued at $13.33M in 2017Q2, according to the filing. It also increased its holding in Ihs Markit Ltd by 113,057 shares in the quarter, for a total of 127,368 shares, and has risen its stake in Groupon Inc (NASDAQ:GRPN).

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Fool.com which released: “Better Buy: Cisco Systems, Inc. vs. General Electric” on November 07, 2017, also Seekingalpha.com with their article: “Cisco Systems Back In Black” published on November 22, 2017, Seekingalpha.com published: “Cisco: Turning Into Another IBM?” on November 17, 2017. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Finance.Yahoo.com and their article: “Cisco Systems, Inc. (CSCO) Crushes Q1 Earnings Results” published on November 15, 2017 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Cisco Systems, Inc., 70.0% Follow-Through Indicator …” with publication date: November 15, 2017.

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. had 130 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Drexel Hamilton with “Buy” on Tuesday, August 15. Drexel Hamilton maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, June 29. Drexel Hamilton has “Buy” rating and $3900 target. Bernstein maintained the stock with “Buy” rating in Thursday, June 29 report. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, June 28. UBS maintained it with “Buy” rating and $39.0 target in Thursday, November 16 report. The stock has “Buy” rating by Oppenheimer on Friday, August 4. UBS maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, February 11 with “Buy” rating. The firm has “Buy” rating given on Friday, October 9 by Drexel Hamilton. On Wednesday, January 13 the stock rating was maintained by Pacific Crest with “Overweight”. Piper Jaffray maintained it with “Buy” rating and $34 target in Thursday, August 13 report.

Investors sentiment increased to 1.18 in Q2 2017. Its up 0.14, from 1.04 in 2017Q1. It improved, 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. Braun Stacey Associate has 8,250 shares. 116,756 are held by Oarsman. Amica Retiree Tru invested 1.01% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). 218 were reported by Wealthcare Capital Ltd. Parametric Ltd Liability holds 0.52% or 13.42 million shares in its portfolio. Autus Asset Lc holds 0.1% or 15,948 shares. Minneapolis Portfolio Mgmt Group Ltd Liability Corp accumulated 1.14M shares or 5.78% of the stock. Fmr Llc, Massachusetts-based fund reported 100.47 million shares. Maple Cap owns 12,280 shares. Meiji Yasuda Life has invested 0.4% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). 67,431 are owned by Holderness Investments Com. Bp Public Ltd Llc stated it has 581,000 shares. Fayerweather Charles has 9,350 shares for 0.39% of their portfolio. Reliant Investment Mgmt Limited Liability, a Tennessee-based fund reported 7,880 shares. Davidson And Garrard Inc invested in 141,213 shares or 1.05% of the stock.

Since May 24, 2017, it had 0 insider buys, and 2 selling transactions for $3.19 million activity. CHAMBERS JOHN T had sold 295,537 shares worth $9.31M. 7,802 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $244,125 were sold by Walker Karen.

Forward Management Llc, which manages about $5.17B and $1.18 billion US Long portfolio, upped its stake in Mobile Telesystems Pjsc (NYSE:MBT) by 45,500 shares to 93,000 shares, valued at $779,000 in 2017Q2, according to the filing. It also increased its holding in Washington Prime Group New by 65,500 shares in the quarter, for a total of 2.93M shares, and has risen its stake in Colony Northstar Inc.

Analysts await Infosys Ltd ADR (NYSE:INFY) to report earnings on January, 12. They expect $0.24 EPS, 0.00% or $0.00 from last year’s $0.24 per share. INFY’s profit will be $538.78M for 15.82 P/E if the $0.24 EPS becomes a reality. After $0.25 actual EPS reported by Infosys Ltd ADR for the previous quarter, Wall Street now forecasts -4.00% negative EPS growth.

More news for Infosys Ltd ADR (NYSE:INFY) were recently published by: Investorplace.com, which released: “Infosys Ltd ADR (INFY) Stock Sinks on Surprise CEO Resignation” on August 18, 2017. Investorplace.com‘s article titled: “Infosys Ltd ADR (INFY) Hiring 10000 US Workers” and published on May 02, 2017 is yet another important article.

Among 21 analysts covering Infosys (NYSE:INFY), 4 have Buy rating, 1 Sell and 16 Hold. Therefore 19% are positive. Infosys had 34 analyst reports since July 24, 2015 according to SRatingsIntel. As per Monday, September 28, the company rating was upgraded by Societe Generale. The stock of Infosys Ltd ADR (NYSE:INFY) has “Neutral” rating given on Thursday, December 17 by Sterne Agee CRT. Cowen & Co maintained the stock with “Hold” rating in Thursday, October 12 report. The stock of Infosys Ltd ADR (NYSE:INFY) has “Buy” rating given on Tuesday, August 29 by Deutsche Bank. The stock of Infosys Ltd ADR (NYSE:INFY) has “Buy” rating given on Thursday, May 26 by Goldman Sachs. The firm has “Neutral” rating given on Monday, August 21 by JP Morgan. The stock of Infosys Ltd ADR (NYSE:INFY) has “Hold” rating given on Friday, August 18 by BMO Capital Markets. Goldman Sachs upgraded Infosys Ltd ADR (NYSE:INFY) on Monday, September 18 to “Neutral” rating. The rating was maintained by Robert W. Baird on Tuesday, October 3 with “Hold”. Credit Suisse upgraded the stock to “Outperform” rating in Thursday, January 14 report.

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