Kerrisdale Advisers Has Decreased Its Jones Lang Lasalle (JLL) Position; Cisco Systems (CSCO) Sentiment Is 1.18

November 23, 2017 - By Winifred Garcia

Kerrisdale Advisers Llc decreased Jones Lang Lasalle Inc (JLL) stake by 63.39% reported in 2017Q2 SEC filing. Kerrisdale Advisers Llc sold 70,000 shares as Jones Lang Lasalle Inc (JLL)’s stock declined 3.59%. The Kerrisdale Advisers Llc holds 40,433 shares with $5.05 million value, down from 110,433 last quarter. Jones Lang Lasalle Inc now has $6.69 billion valuation. The stock decreased 0.95% or $1.43 on November 22, reaching $148.81. About 466,550 shares traded or 44.10% up from the average. Jones Lang LaSalle Inc (NYSE:JLL) has risen 4.94% since November 23, 2016 and is uptrending. It has underperformed by 11.76% the S&P500.

Cisco Systems, Inc. designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The company has market cap of $179.21 billion. The Firm operates through three geographic divisions: Americas; Europe, the Middle East and Africa , and Asia Pacific, Japan and China (APJC). It has a 18.93 P/E ratio. The Firm groups its products and technologies into various categories, such as Switching; Next-Generation Network (NGN) Routing; Collaboration; Data Center; Wireless; Service Provider Video; Security, and Other Products.

The stock decreased 0.55% or $0.2 on November 22, reaching $36.45. About shares traded. Cisco Systems, Inc. (CSCO) has risen 13.20% since November 23, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Tweedy Browne Co Llc holds 9.74% of its portfolio in Cisco Systems, Inc. for 10.48 million shares. Jupiter Asset Management Ltd owns 8.13 million shares or 8.83% of their US portfolio. Moreover, Yacktman Asset Management Lp has 6.89% invested in the company for 22.61 million shares. The United Kingdom-based Edinburgh Partners Ltd has invested 6.5% in the stock. Minneapolis Portfolio Management Group Llc, a Minnesota-based fund reported 1.14 million shares.

Since January 1, 0001, it had 0 buys, and 2 sales for $3.19 million activity.

Ratings analysis reveals 100% of Cisco Systems’s analysts are positive. Out of 2 Wall Street analysts rating Cisco Systems, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $37.0 while the high is $37.0. The stock’s average target of $37 is 1.51% above today’s ($36.45) share price. CSCO was included in 2 notes of analysts from September 14, 2016. The firm earned “Outperform” rating on Thursday, February 16 by RBC Capital Markets. Deutsche Bank maintained the shares of CSCO in report on Wednesday, September 14 with “Buy” rating.

Since May 31, 2017, it had 0 insider purchases, and 2 insider sales for $234,101 activity. $114,101 worth of stock was sold by Grainger Guy on Wednesday, May 31. PENROSE SHEILA A sold 1,000 shares worth $120,000.

Among 9 analysts covering Jones Lang Lasalle Incorporated (NYSE:JLL), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Jones Lang Lasalle Incorporated had 22 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Barclays Capital on Tuesday, July 18. The stock has “Hold” rating by UBS on Wednesday, July 26. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Monday, May 16. Wood initiated the shares of JLL in report on Monday, May 16 with “Outperform” rating. The firm has “Outperform” rating by William Blair given on Friday, March 24. Goldman Sachs upgraded Jones Lang LaSalle Inc (NYSE:JLL) rating on Friday, May 20. Goldman Sachs has “Buy” rating and $141 target. Barclays Capital maintained it with “Overweight” rating and $130 target in Friday, June 9 report. The firm earned “Hold” rating on Thursday, July 20 by Keefe Bruyette & Woods. The stock has “Overweight” rating by Barclays Capital on Monday, May 16. The stock of Jones Lang LaSalle Inc (NYSE:JLL) earned “Overweight” rating by Barclays Capital on Tuesday, July 19.