As Zendesk (ZEN) Stock Price Declined, Shareholder Sumitomo Mitsui Asset Management Company LTD Decreased by $4.30 Million Its Stake; Cisco Systems (CSCO) Holder Private Bank & Trust Co Has Boosted Its Position by $347,325 as Share Value Declined

January 19, 2018 - By Hazel Jackson

Gregg J. Powers increased its stake in Cisco Systems Inc (CSCO) by 56.1% based on its latest 2017Q3 regulatory filing with the SEC. Private Bank & Trust Co bought 10,525 shares as the company’s stock declined 7.50% while stock markets rallied. The hedge fund run by Gregg J. Powers held 29,287 shares of the technology company at the end of 2017Q3, valued at $985,000, up from 18,762 at the end of the previous reported quarter. Private Bank & Trust Co who had been investing in Cisco Systems Inc for a number of months, seems to be bullish on the $203.97 billion market cap company. The stock decreased 0.10% or $0.04 during the last trading session, reaching $41.26. About 10.34M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since January 19, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Sumitomo Mitsui Asset Management Company Ltd decreased its stake in Zendesk Inc (ZEN) by 7.31% based on its latest 2017Q3 regulatory filing with the SEC. Sumitomo Mitsui Asset Management Company Ltd sold 148,195 shares as the company’s stock declined 10.76% while stock markets rallied. The institutional investor held 1.88 million shares of the technology company at the end of 2017Q3, valued at $54.72M, down from 2.03 million at the end of the previous reported quarter. Sumitomo Mitsui Asset Management Company Ltd who had been investing in Zendesk Inc for a number of months, seems to be less bullish one the $3.75B market cap company. The stock increased 1.54% or $0.56 during the last trading session, reaching $36.94. About 273,970 shares traded. Zendesk, Inc. (NYSE:ZEN) has risen 6.73% since January 19, 2017 and is uptrending. It has underperformed by 9.97% the S&P500.

Analysts await Zendesk, Inc. (NYSE:ZEN) to report earnings on February, 14. They expect $-0.27 earnings per share, down 12.50% or $0.03 from last year’s $-0.24 per share. After $-0.26 actual earnings per share reported by Zendesk, Inc. for the previous quarter, Wall Street now forecasts 3.85% negative EPS growth.

Sumitomo Mitsui Asset Management Company Ltd, which manages about $6.41 billion US Long portfolio, upped its stake in Xilinx Inc (NASDAQ:XLNX) by 63,396 shares to 475,813 shares, valued at $33.70 million in 2017Q3, according to the filing. It also increased its holding in Tcp Cap Corp (NASDAQ:TCPC) by 92,106 shares in the quarter, for a total of 420,261 shares, and has risen its stake in Hanesbrands Inc (NYSE:HBI).

Among 19 analysts covering Zendesk (NYSE:ZEN), 16 have Buy rating, 1 Sell and 2 Hold. Therefore 84% are positive. Zendesk had 46 analyst reports since August 5, 2015 according to SRatingsIntel. The company was initiated on Monday, March 28 by Summit Research. On Thursday, April 13 the stock rating was initiated by Guggenheim with “Buy”. The stock of Zendesk, Inc. (NYSE:ZEN) earned “Neutral” rating by UBS on Thursday, November 9. The firm earned “Buy” rating on Friday, August 4 by Piper Jaffray. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, July 19. Zacks downgraded the shares of ZEN in report on Wednesday, August 5 to “Buy” rating. The firm has “Buy” rating by RBC Capital Markets given on Thursday, November 2. The rating was maintained by Guggenheim on Wednesday, January 10 with “Buy”. Stifel Nicolaus maintained Zendesk, Inc. (NYSE:ZEN) on Friday, July 21 with “Hold” rating. Rosenblatt initiated it with “Buy” rating and $26.0 target in Thursday, August 27 report.

Since August 23, 2017, it had 0 buys, and 7 selling transactions for $23.51 million activity. 200,000 shares were sold by BARTZ CAROL, worth $7.59 million on Thursday, December 14. $740,883 worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by Walker Karen on Monday, September 11. MCGEARY RODERICK C had sold 15,230 shares worth $578,740 on Thursday, December 14. CHAMBERS JOHN T sold $7.79M worth of stock. $2.11 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by CHANDLER MARK D. 25,638 shares were sold by BHATT PRAT, worth $821,900.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.16, from 1.18 in 2017Q2. It is negative, 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. Ally Fincl holds 1.22% or 190,000 shares. 4.19M are owned by Bnp Paribas Arbitrage Sa. Rodgers Brothers reported 0.21% stake. Flossbach Von Storch Ag holds 0.01% or 37,590 shares in its portfolio. Moreover, Farmers Bancorp has 0.27% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 13,016 shares. 116,388 are held by Parkwood Ltd Liability Co. Juncture Wealth Strategies Limited Liability Company has invested 0.49% in Cisco Systems, Inc. (NASDAQ:CSCO). Stanley stated it has 0.79% in Cisco Systems, Inc. (NASDAQ:CSCO). Bbt Capital Management Limited Liability owns 192,464 shares or 0.91% of their US portfolio. Virtus Invest Advisers Incorporated reported 0.18% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). 12,621 are held by Maple Capital Management Incorporated. Johnson Investment Counsel invested 0.97% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Holt Cap Advisors Llc Dba Holt Cap Prtnrs Lp has 0.34% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Blume Mngmt holds 0.19% in Cisco Systems, Inc. (NASDAQ:CSCO) or 10,778 shares. Hutchin Hill Limited Partnership holds 0.4% or 313,300 shares in its portfolio.

Among 37 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 24 have Buy rating, 0 Sell and 13 Hold. Therefore 65% are positive. Cisco Systems Inc. had 135 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, February 16. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, September 6 report. The rating was maintained by J.P. Morgan with “Hold” on Wednesday, August 16. Drexel Hamilton maintained the shares of CSCO in report on Thursday, August 18 with “Buy” rating. The stock has “Buy” rating by Goldman Sachs on Thursday, August 13. The company was upgraded on Monday, May 15 by Morgan Stanley. On Wednesday, June 28 the stock rating was maintained by Oppenheimer with “Buy”. As per Thursday, June 29, the company rating was maintained by Drexel Hamilton. The rating was maintained by RBC Capital Markets on Friday, November 13 with “Outperform”. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, September 14.

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 daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: