Cisco Sys (CSCO) Holder Carnegie Capital Asset Management Cut Its Position by $6.74 Million as Share Value Rose; Blackrock (BLK) Market Valuation Rose While Oppenheimer & Company Has Lowered Its Position

April 24, 2018 - By Vivian Park

Cisco Systems, Inc. (NASDAQ:CSCO) Logo

Carnegie Capital Asset Management Llc decreased its stake in Cisco Sys Inc (CSCO) by 46.88% based on its latest 2017Q4 regulatory filing with the SEC. Carnegie Capital Asset Management Llc sold 168,591 shares as the company’s stock rose 10.71% while stock markets declined. The institutional investor held 191,061 shares of the technology company at the end of 2017Q4, valued at $7.70 million, down from 359,652 at the end of the previous reported quarter. Carnegie Capital Asset Management Llc who had been investing in Cisco Sys Inc for a number of months, seems to be less bullish one the $214.72B market cap company. The stock increased 0.72% or $0.32 during the last trading session, reaching $44.57. About 4.84 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since April 24, 2017 and is uptrending. It has outperformed by 14.02% the S&P500.

Oppenheimer & Company Inc decreased its stake in Blackrock Inc (BLK) by 4.71% based on its latest 2017Q4 regulatory filing with the SEC. Oppenheimer & Company Inc sold 785 shares as the company’s stock rose 3.90% while stock markets declined. The institutional investor held 15,866 shares of the finance company at the end of 2017Q4, valued at $8.15M, down from 16,651 at the end of the previous reported quarter. Oppenheimer & Company Inc who had been investing in Blackrock Inc for a number of months, seems to be less bullish one the $84.04 billion market cap company. The stock increased 0.24% or $1.27 during the last trading session, reaching $521.12. About 149,900 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 41.90% since April 24, 2017 and is uptrending. It has outperformed by 30.35% the S&P500.

Oppenheimer & Company Inc, which manages about $8.66B and $3.88B US Long portfolio, upped its stake in Altaba Inc by 20,717 shares to 43,531 shares, valued at $3.04M in 2017Q4, according to the filing. It also increased its holding in Spdr Series Trust (CWB) by 9,981 shares in the quarter, for a total of 136,914 shares, and has risen its stake in Southwest Airls Co (NYSE:LUV).

Analysts await BlackRock, Inc. (NYSE:BLK) to report earnings on July, 16. They expect $6.73 EPS, up 28.44% or $1.49 from last year’s $5.24 per share. BLK’s profit will be $1.09B for 19.36 P/E if the $6.73 EPS becomes a reality. After $6.70 actual EPS reported by BlackRock, Inc. for the previous quarter, Wall Street now forecasts 0.45% EPS growth.

Investors sentiment decreased to 1.19 in Q4 2017. Its down 0.19, from 1.38 in 2017Q3. It fall, as 42 investors sold BLK shares while 325 reduced holdings. 122 funds opened positions while 313 raised stakes. 129.61 million shares or 0.73% less from 130.57 million shares in 2017Q3 were reported. Employees Retirement Of Texas, Texas-based fund reported 36,500 shares. Century Companies Inc accumulated 99,945 shares or 0.05% of the stock. Blue Fincl Cap Inc reported 3,984 shares stake. Boyd Watterson Asset Limited Co Oh holds 738 shares or 0.18% of its portfolio. Schmidt P J Investment has invested 1.79% in BlackRock, Inc. (NYSE:BLK). Pathstone Family Office Ltd has 0.03% invested in BlackRock, Inc. (NYSE:BLK) for 88 shares. Pennsylvania-based Girard Ptnrs Limited has invested 2.14% in BlackRock, Inc. (NYSE:BLK). Beacon Fincl has 691 shares. Bnp Paribas Asset Mngmt Sa accumulated 43,333 shares. Sg Americas Lc has 0.13% invested in BlackRock, Inc. (NYSE:BLK) for 27,856 shares. Sweden-based Nordea Inv has invested 0.07% in BlackRock, Inc. (NYSE:BLK). Pitcairn owns 0.1% invested in BlackRock, Inc. (NYSE:BLK) for 2,032 shares. 7,534 are held by Mai Mgmt. Northwest Counselors Limited Liability Corp holds 1.01% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 4,881 shares. Arizona State Retirement Sys owns 35,476 shares for 0.18% of their portfolio.

Among 18 analysts covering BlackRock (NYSE:BLK), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. BlackRock had 89 analyst reports since August 26, 2015 according to SRatingsIntel. On Wednesday, August 24 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The firm earned “Buy” rating on Thursday, October 15 by Deutsche Bank. The company was maintained on Tuesday, April 12 by Credit Suisse. As per Friday, January 15, the company rating was maintained by Argus Research. The stock has “Hold” rating by Jefferies on Monday, September 25. The firm has “Overweight” rating by JP Morgan given on Wednesday, March 14. The firm has “Equal-Weight” rating given on Tuesday, August 9 by Barclays Capital. The stock of BlackRock, Inc. (NYSE:BLK) has “Buy” rating given on Friday, October 2 by Argus Research. Argus Research maintained the shares of BLK in report on Thursday, October 15 with “Buy” rating. The firm earned “Outperform” rating on Thursday, September 3 by Wood.

Since December 14, 2017, it had 0 insider purchases, and 5 insider sales for $10.28 million activity. SARIN ARUN had sold 14,189 shares worth $625,751 on Tuesday, February 20. 12,126 shares were sold by BURNS M MICHELE, worth $550,153. BARTZ CAROL sold $7.59 million worth of stock or 200,000 shares. 20,671 shares were sold by Goeckeler David, worth $940,559 on Thursday, March 15.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on May, 16. They expect $0.59 earnings per share, up 9.26% or $0.05 from last year’s $0.54 per share. CSCO’s profit will be $2.84 billion for 18.89 P/E if the $0.59 EPS becomes a reality. After $0.58 actual earnings per share reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 1.72% EPS growth.

Carnegie Capital Asset Management Llc, which manages about $792.00 million and $1.13 billion US Long portfolio, upped its stake in Comcast Corp New (NASDAQ:CMCSA) by 75,496 shares to 114,512 shares, valued at $4.59M in 2017Q4, according to the filing. It also increased its holding in Facebook Inc (NASDAQ:FB) by 2,731 shares in the quarter, for a total of 54,742 shares, and has risen its stake in Pfizer Inc (NYSE:PFE).

Investors sentiment increased to 1.03 in 2017 Q4. Its up 0.01, from 1.02 in 2017Q3. It increased, as 51 investors sold CSCO shares while 660 reduced holdings. 145 funds opened positions while 589 raised stakes. 3.54 billion shares or 1.52% less from 3.60 billion shares in 2017Q3 were reported. Impax Asset Mgmt Limited Liability Company reported 516,237 shares stake. Reliance Tru Of Delaware accumulated 104,584 shares. Accuvest Glob Advsr invested 0% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Sterling Management Limited Liability has 1.01% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Smith Salley & Associates holds 2.24% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 326,368 shares. Patten Group Inc Inc owns 62,529 shares or 0.95% of their US portfolio. Moreover, Fifth Third Fincl Bank has 0.59% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Sequoia Advsr Ltd Limited Liability Company has invested 0.12% in Cisco Systems, Inc. (NASDAQ:CSCO). Blume Cap owns 10,778 shares. Moneta Group Advsr Limited Liability Corp invested 0.15% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Jacobs & Co Ca has invested 1.71% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Amundi Pioneer Asset Mngmt Inc has 1.15% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 19.50M shares. Teachers Insurance And Annuity Association Of America holds 0.91% in Cisco Systems, Inc. (NASDAQ:CSCO) or 462,236 shares. Nadler Financial Gp owns 11,597 shares. Koshinski Asset Management reported 0.36% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO).

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