As Cisco Systems (CSCO) Shares Declined, Longer Investments Upped Stake; The Charles Schwab (SCHW) Shareholder Route One Investment Company LP Has Raised Its Stake

February 25, 2018 - By Peter Erickson

Longer Investments Inc increased its stake in Cisco Systems Inc. (CSCO) by 19% based on its latest 2017Q3 regulatory filing with the SEC. Longer Investments Inc bought 12,160 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 76,155 shares of the technology company at the end of 2017Q3, valued at $2.56 million, up from 63,995 at the end of the previous reported quarter. Longer Investments Inc who had been investing in Cisco Systems Inc. for a number of months, seems to be bullish on 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 25, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

William Duhamel increased its stake in The Charles Schwab Corporation (SCHW) by 5.97% based on its latest 2017Q3 regulatory filing with the SEC. Route One Investment Company Lp bought 239,500 shares as the company’s stock declined 7.92% while stock markets rallied. The hedge fund run by William Duhamel held 4.25 million shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $185.96 million, up from 4.01 million at the end of the previous reported quarter. Route One Investment Company Lp who had been investing in The Charles Schwab Corporation for a number of months, seems to be bullish on the $70.70 billion market cap company. The stock increased 1.36% or $0.71 during the last trading session, reaching $52.74. About 5.25M shares traded. The Charles Schwab Corporation (NYSE:SCHW) has risen 32.11% since February 25, 2017 and is uptrending. It has outperformed by 15.41% the S&P500.

Since September 6, 2017, it had 0 insider purchases, and 21 insider sales for $95.01 million activity. SCHWAB CHARLES R had sold 300,000 shares worth $16.59 million on Thursday, January 18. Another trade for 7,000 shares valued at $319,150 was sold by Chandoha Marie A. On Friday, January 26 MCLIN STEPHEN T sold $1.01M worth of The Charles Schwab Corporation (NYSE:SCHW) or 18,663 shares. $3.31 million worth of The Charles Schwab Corporation (NYSE:SCHW) was sold by Clark Bernard J. on Wednesday, September 27. Murtagh Nigel J also sold $361,194 worth of The Charles Schwab Corporation (NYSE:SCHW) on Tuesday, October 31.

Among 23 analysts covering Charles Schwab (NYSE:SCHW), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 65% are positive. Charles Schwab had 91 analyst reports since August 11, 2015 according to SRatingsIntel. Deutsche Bank maintained the shares of SCHW in report on Friday, January 8 with “Buy” rating. The rating was maintained by Morgan Stanley with “Overweight” on Tuesday, January 30. The stock of The Charles Schwab Corporation (NYSE:SCHW) has “Buy” rating given on Thursday, April 7 by Jefferies. JP Morgan maintained the shares of SCHW in report on Thursday, April 14 with “Overweight” rating. The firm has “Buy” rating given on Thursday, March 17 by Deutsche Bank. The stock has “Overweight” rating by Morgan Stanley on Tuesday, July 25. The firm earned “Buy” rating on Monday, March 13 by UBS. SunTrust initiated it with “Neutral” rating and $31 target in Wednesday, March 23 report. On Wednesday, June 14 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The company was downgraded on Friday, December 18 by Piper Jaffray.

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.27, from 1.3 in 2017Q2. It fall, as 41 investors sold SCHW shares while 299 reduced holdings. 75 funds opened positions while 275 raised stakes. 1.04 billion shares or 0.62% less from 1.05 billion shares in 2017Q2 were reported. Alyeska Inv Grp LP holds 0.13% or 364,915 shares. Wellington Mngmt Ltd Liability Partnership has 69,810 shares. Envestnet Asset has 312,688 shares for 0.03% of their portfolio. Tarbox Family Office owns 1,632 shares for 0.03% of their portfolio. Us Bancorporation De owns 0.16% invested in The Charles Schwab Corporation (NYSE:SCHW) for 1.16 million shares. Green Square Cap Limited Company holds 0.18% or 22,257 shares in its portfolio. Putnam Fl Management reported 470,110 shares stake. Timessquare Cap Mgmt Lc holds 122,340 shares or 0.04% of its portfolio. North Star Asset Management Inc reported 265,641 shares or 1.14% of all its holdings. Employees Retirement System Of Texas holds 0.24% or 427,400 shares. 600 were accumulated by Horan Cap Advisors Ltd Co. New Mexico Educational Retirement Board has invested 0.23% in The Charles Schwab Corporation (NYSE:SCHW). Moreover, Oak Assocs Ltd Oh has 3.56% invested in The Charles Schwab Corporation (NYSE:SCHW) for 1.11M shares. Granite Prtn Lc accumulated 0.85% or 311,973 shares. Aureus Asset Mngmt Ltd Liability reported 2.9% in The Charles Schwab Corporation (NYSE:SCHW).

Longer Investments Inc, which manages about $167.11 million and $112.17M US Long portfolio, decreased its stake in Oracle Corp. (NYSE:ORCL) by 9,330 shares to 40,850 shares, valued at $1.98M in 2017Q3, according to the filing. It also reduced its holding in Ishares Iboxx Investment Grade (LQD) by 3,290 shares in the quarter, leaving it with 75,633 shares, and cut its stake in Ishares International Select D (IDV).

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. Blackrock Inc holds 0.58% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 340.95M shares. Van Hulzen Asset Management Lc has invested 1.57% in Cisco Systems, Inc. (NASDAQ:CSCO). Crawford Investment Counsel owns 0.73% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 672,994 shares. First Interstate Bank & Trust invested in 2.24% or 309,971 shares. Howard Cap owns 30,912 shares. 1.48 million were accumulated by Federated Pa. Mckinley Carter Wealth Svcs holds 0.18% in Cisco Systems, Inc. (NASDAQ:CSCO) or 13,627 shares. Exane Derivatives reported 15,928 shares. Bbva Compass Financial Bank invested in 492,664 shares. Koch Industries holds 0.23% or 28,520 shares in its portfolio. Bkd Wealth Limited Liability Company accumulated 0.48% or 129,074 shares. First Heartland Consultants owns 37,332 shares. Central Comml Bank & Com has 0.15% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Hayek Kallen owns 9,081 shares for 0.21% of their portfolio. Manufacturers Life Com The holds 12.20M shares.

Since September 11, 2017, it had 0 insider purchases, and 7 selling transactions for $16.35 million activity. SARIN ARUN sold $625,751 worth of stock. $740,883 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by Walker Karen. $7.59 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by BARTZ CAROL. Shares for $3.89 million were sold by Robbins Charles on Monday, September 11. The insider MCGEARY RODERICK C sold 15,230 shares worth $578,740. BHATT PRAT also sold $821,900 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, September 11.

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 rating was maintained by Bernstein on Wednesday, June 21 with “Buy”. Nomura maintained the shares of CSCO in report on Thursday, June 29 with “Hold” rating. The company was maintained on Tuesday, February 13 by Citigroup. Cowen & Co maintained it with “Buy” rating and $38.0 target in Friday, November 3 report. As per Thursday, February 16, the company rating was maintained by RBC Capital Markets. The rating was maintained by Robert W. Baird on Monday, August 7 with “Buy”. The company was maintained on Thursday, May 19 by Barclays Capital. The firm earned “Neutral” rating on Tuesday, April 5 by Bank of America. As per Wednesday, November 15, the company rating was maintained by BMO Capital Markets. Jefferies maintained the shares of CSCO in report on Wednesday, August 17 with “Buy” rating.

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