Nordea Investment Management Ab Has Boosted Its Holding in Cisco Systems (CSCO) by $86.37 Million

March 22, 2018 - By sdfsdfsdf

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.16, from 1.18 in 2017Q2. It fall, 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. Sky Limited Liability reported 11,355 shares. First Utd Bancorporation Tru invested in 0.75% or 33,224 shares. Renaissance Technologies Ltd reported 2.15M shares. Toronto Dominion Fincl Bank owns 2.27 million shares for 0.25% of their portfolio. Evergreen Management Ltd stated it has 26,299 shares or 0.1% of all its holdings. Old Republic International invested in 1.55M shares. 10,895 were accumulated by Birmingham Cap Al. Cibc World Corp holds 0.44% or 1.38 million shares. Boston Family Office Ltd Co holds 94,427 shares or 0.36% of its portfolio. Syntal Cap Ptnrs Limited Liability holds 4,383 shares or 0.11% of its portfolio. Klingenstein Fields Limited Com accumulated 0.11% or 88,155 shares. Ahl Prns Llp accumulated 201,223 shares. Gm Advisory Group holds 0.2% or 19,087 shares in its portfolio. Royal Natl Bank Of Scotland Group Public Limited Com invested in 87,205 shares. Employees Retirement Systems Of Texas holds 924,900 shares or 0.41% of its portfolio.

Since December 14, 2017, it had 0 buys, and 5 sales for $10.28 million activity. 200,000 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $7.59 million were sold by BARTZ CAROL. On Monday, February 26 BURNS M MICHELE sold $550,153 worth of Cisco Systems, Inc. (NASDAQ:CSCO) or 12,126 shares. Goeckeler David had sold 20,671 shares worth $940,559. Shares for $578,740 were sold by MCGEARY RODERICK C on Thursday, December 14.

Nordea Investment Management Ab increased its stake in Cisco Systems (CSCO) by 8.34% based on its latest 2017Q3 regulatory filing with the SEC. Nordea Investment Management Ab bought 2.62 million shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 34.01M shares of the technology company at the end of 2017Q3, valued at $1.14B, up from 31.40 million at the end of the previous reported quarter. Nordea Investment Management Ab who had been investing in Cisco Systems for a number of months, seems to be bullish on the $213.46 billion market cap company. The stock decreased 0.14% or $0.06 during the last trading session, reaching $44.31. About 22.53 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since March 22, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Nordea Investment Management Ab, which manages about $41.61 billion US Long portfolio, decreased its stake in Infosys Adr (NYSE:INFY) by 518,181 shares to 32.52M shares, valued at $474.53M in 2017Q3, according to the filing. It also reduced its holding in Nexstar Media Group (NASDAQ:NXST) by 206,520 shares in the quarter, leaving it with 32,687 shares, and cut its stake in Lkq (NASDAQ:LKQ).

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

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. has $160 highest and $16 lowest target. $40.55’s average target is -8.49% below currents $44.31 stock price. Cisco Systems Inc. had 153 analyst reports since August 4, 2015 according to SRatingsIntel. On Thursday, January 18 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. On Monday, February 8 the stock rating was downgraded by Goldman Sachs to “Buy”. The firm earned “Overweight” rating on Thursday, August 18 by Pacific Crest. RBC Capital Markets maintained the shares of CSCO in report on Wednesday, September 6 with “Buy” rating. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Overweight” rating by Morgan Stanley on Monday, February 26. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Tuesday, October 6 by Citigroup. Credit Suisse maintained the stock with “Hold” rating in Friday, July 21 report. The stock has “Buy” rating by Raymond James on Thursday, November 16. As per Thursday, June 29, the company rating was maintained by Credit Suisse. UBS maintained the stock with “Buy” rating in Thursday, November 16 report.

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