As Seagate Technology Plc (STX) Market Value Declined, Emory University Has Lifted Position; Cisco Systems (CSCO) Holder Lederer & Associates Investment Counsel Has Trimmed Holding

February 24, 2018 - By Vivian Currie

Lederer & Associates Investment Counsel decreased its stake in Cisco Systems Inc (CSCO) by 16.67% based on its latest 2017Q3 regulatory filing with the SEC. Lederer & Associates Investment Counsel sold 10,505 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 52,515 shares of the technology company at the end of 2017Q3, valued at $1.77M, down from 63,020 at the end of the previous reported quarter. Lederer & Associates Investment Counsel who had been investing in Cisco Systems Inc for a number of months, seems to be less bullish one the $211.97 billion market cap company. The stock increased 2.47% or $1.06 during the last trading session, reaching $44. About 25.78M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since February 24, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Emory University increased its stake in Seagate Technology Plc (STX) by 38.22% based on its latest 2017Q3 regulatory filing with the SEC. Emory University bought 13,977 shares as the company’s stock declined 9.82% while stock markets rallied. The institutional investor held 50,550 shares of the electronic components company at the end of 2017Q3, valued at $1.68 million, up from 36,573 at the end of the previous reported quarter. Emory University who had been investing in Seagate Technology Plc for a number of months, seems to be bullish on the $15.18B market cap company. The stock increased 3.76% or $1.93 during the last trading session, reaching $53.29. About 3.21 million shares traded. Seagate Technology plc (NASDAQ:STX) has risen 107.16% since February 24, 2017 and is uptrending. It has outperformed by 90.46% the S&P500.

Lederer & Associates Investment Counsel, which manages about $104.83 million US Long portfolio, upped its stake in Blackrock (NYSE:BLK) by 979 shares to 6,850 shares, valued at $3.06 million in 2017Q3, according to the filing.

Among 38 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 26 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Cisco Systems Inc. had 151 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Friday, July 21 by Credit Suisse. The rating was maintained by Nomura on Thursday, June 29 with “Hold”. The rating was maintained by Drexel Hamilton on Friday, June 23 with “Buy”. Deutsche Bank maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Wednesday, September 14 with “Buy” rating. The firm has “Buy” rating given on Wednesday, November 15 by Piper Jaffray. Credit Suisse maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, May 19 with “Underperform” rating. Cowen & Co maintained it with “Buy” rating and $38.0 target in Friday, November 3 report. The rating was maintained by Piper Jaffray on Wednesday, August 16 with “Buy”. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Hold” rating by Needham on Tuesday, October 24. The firm earned “Neutral” rating on Wednesday, June 15 by Goldman Sachs.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.16, from 1.18 in 2017Q2. It dived, as 74 investors sold CSCO shares while 637 reduced holdings. 107 funds opened positions while 619 raised stakes. 3.60 billion shares or 0.03% more from 3.60 billion shares in 2017Q2 were reported. Highlander Mgmt Ltd Liability holds 16,528 shares. Zwj Counsel Incorporated invested 2.63% in Cisco Systems, Inc. (NASDAQ:CSCO). First Bancorporation Tru Com Of Newtown has invested 0.08% in Cisco Systems, Inc. (NASDAQ:CSCO). Chickasaw Management invested in 9,050 shares. Wilsey Asset Mgmt accumulated 5.17% or 238,868 shares. Amer Tru Inv Advsrs Limited Liability Com holds 0.88% or 29,319 shares in its portfolio. Liberty Mutual Group Asset Mgmt holds 207,274 shares or 0.38% of its portfolio. Winslow Evans Crocker, Massachusetts-based fund reported 38,110 shares. Exxonmobil Inv Mngmt Tx holds 0.78% in Cisco Systems, Inc. (NASDAQ:CSCO) or 913,081 shares. 642,206 are held by Matrix Asset New York. Hikari Power invested in 163,890 shares or 0.71% of the stock. Fil Ltd reported 12.80M shares or 1.23% of all its holdings. The Massachusetts-based Srb Corporation has invested 0.03% in Cisco Systems, Inc. (NASDAQ:CSCO). Tsp Mngmt Grp Llc, a New Jersey-based fund reported 55,000 shares. Patriot Wealth invested in 1.66% or 304,828 shares.

Since September 11, 2017, it had 0 insider purchases, and 7 selling transactions for $16.35 million activity. The insider Robbins Charles sold 121,390 shares worth $3.89M. The insider BARTZ CAROL sold 200,000 shares worth $7.59M. Another trade for 23,110 shares valued at $740,883 was sold by Walker Karen. 25,638 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $821,900 were sold by BHATT PRAT. 65,000 shares valued at $2.11 million were sold by CHANDLER MARK D on Monday, September 18. Another trade for 15,230 shares valued at $578,740 was made by MCGEARY RODERICK C on Thursday, December 14.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on May, 16. They expect $0.59 EPS, up 9.26% or $0.05 from last year’s $0.54 per share. CSCO’s profit will be $2.84B for 18.64 P/E if the $0.59 EPS becomes a reality. After $0.58 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 1.72% EPS growth.

Investors sentiment decreased to 0.78 in 2017 Q3. Its down 0.52, from 1.3 in 2017Q2. It is negative, as 73 investors sold STX shares while 163 reduced holdings. 57 funds opened positions while 126 raised stakes. 259.60 million shares or 1.44% more from 255.91 million shares in 2017Q2 were reported. Putnam Fl Investment accumulated 6,489 shares or 0.02% of the stock. Hsbc Public Limited Co owns 164,045 shares or 0.01% of their US portfolio. Voya Ltd Liability Com accumulated 125,622 shares. Juncture Wealth Strategies Lc invested in 0.29% or 15,800 shares. United Advisers Limited Liability Company owns 9,280 shares for 0% of their portfolio. Raymond James Na reported 0.02% in Seagate Technology plc (NASDAQ:STX). Cleararc owns 0.04% invested in Seagate Technology plc (NASDAQ:STX) for 7,418 shares. 391,826 are owned by Prudential Inc. Rdl Fin holds 0.17% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 7,205 shares. 19,328 were accumulated by First Tru Com. 20,385 are owned by Sentinel Trust Lba. South Street Advsr Ltd Liability Corp invested 0.17% in Seagate Technology plc (NASDAQ:STX). Janney Montgomery Scott Limited Com holds 0.05% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 144,841 shares. Fdx Advisors Inc reported 0.06% of its portfolio in Seagate Technology plc (NASDAQ:STX). 2.38M are owned by Wells Fargo Com Mn.

Among 34 analysts covering Seagate Technology Plc (NASDAQ:STX), 8 have Buy rating, 3 Sell and 23 Hold. Therefore 24% are positive. Seagate Technology Plc had 133 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, August 31 by Jefferies. JP Morgan upgraded the shares of STX in report on Tuesday, October 11 to “Neutral” rating. The rating was initiated by Loop Capital Markets with “Buy” on Monday, July 24. The firm has “Neutral” rating given on Thursday, April 14 by Goldman Sachs. As per Wednesday, October 21, the company rating was maintained by Deutsche Bank. The company was maintained on Wednesday, January 25 by Cowen & Co. BTIG Research initiated Seagate Technology plc (NASDAQ:STX) on Tuesday, April 26 with “Buy” rating. The rating was maintained by RBC Capital Markets on Wednesday, August 31 with “Sector Perform”. The firm has “Hold” rating by Maxim Group given on Wednesday, July 26. The company was maintained on Wednesday, October 12 by Maxim Group.

Since October 23, 2017, it had 0 insider purchases, and 10 insider sales for $29.78 million activity. 100,000 shares valued at $4.90M were sold by LUCZO STEPHEN J on Monday, January 8. $781,850 worth of Seagate Technology plc (NASDAQ:STX) was sold by MURPHY JAMES J. $339,965 worth of Seagate Technology plc (NASDAQ:STX) was sold by Moyo Dambisa F on Tuesday, October 24. BRACE PHILIP G sold $242,000 worth of stock or 5,000 shares. $218,290 worth of stock was sold by PARK CHONG SUP on Tuesday, January 30.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.