Santa Barbara Asset Management Lifted Cisco Sys (CSCO) Holding; Pzena Investment Management (PZN)’s Sentiment Is 0.91

November 15, 2017 - By Clifton Ray

Santa Barbara Asset Management Llc increased Cisco Sys Inc (CSCO) stake by 31.68% reported in 2017Q2 SEC filing. Santa Barbara Asset Management Llc acquired 994,672 shares as Cisco Sys Inc (CSCO)’s stock declined 7.50%. The Santa Barbara Asset Management Llc holds 4.13M shares with $129.40M value, up from 3.14 million last quarter. Cisco Sys Inc now has $168.56B valuation. The stock declined 0.21% or $0.07 reaching $33.97 on the news. About 163,189 shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since November 15, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Pzena Investment Management, Inc. is a holding company. The company has market cap of $732.06 million. The Firm is the sole managing member of Pzena Investment Management, LLC. It has a 15.2 P/E ratio. Pzena Investment Management, LLC is an investment management company.

Punch & Associates Investment Management Inc. holds 1.6% of its portfolio in Pzena Investment Management, Inc. for 1.69 million shares. Cacti Asset Management Llc owns 716,650 shares or 0.64% of their US portfolio. Moreover, Falcon Point Capital Llc has 0.18% invested in the company for 132,272 shares. The New York-based Teton Advisors Inc. has invested 0.16% in the stock. Deprince Race & Zollo Inc, a Florida-based fund reported 649,017 shares.

Since January 1, 0001, it had 1 insider purchase, and 0 selling transactions for $84,300 activity.

It closed at $10.69 lastly. It is down 1.90% since November 15, 2016 and is downtrending. It has underperformed by 18.60% the S&P500.

Analysts await Pzena Investment Management, Inc. (NYSE:PZN) to report earnings on February, 6. They expect $0.17 earnings per share, up 13.33% or $0.02 from last year’s $0.15 per share. PZN’s profit will be $11.64M for 15.72 P/E if the $0.17 EPS becomes a reality. After $0.17 actual earnings per share reported by Pzena Investment Management, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 1.18 in Q2 2017. Its up 0.14, from 1.04 in 2017Q1. It improved, as 90 investors sold CSCO shares while 594 reduced holdings. 111 funds opened positions while 694 raised stakes. 3.60 billion shares or 0.67% less from 3.62 billion shares in 2017Q1 were reported. Covington Cap Management holds 0.66% or 261,816 shares in its portfolio. Loews reported 500,000 shares. Alethea Management Limited Liability Co has invested 0.28% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Eagleclaw Capital Managment Ltd holds 0.24% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 13,050 shares. Natl Planning Corporation invested in 0.12% or 50,790 shares. Minneapolis Port Mngmt Group Incorporated Lc invested 5.78% in Cisco Systems, Inc. (NASDAQ:CSCO). Barbara Oil Co has 68,951 shares for 1.55% of their portfolio. Kistler holds 0.21% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 14,662 shares. 362,639 were reported by Capwealth Advisors Lc. Union Retail Bank stated it has 1.46% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Cleararc accumulated 0.85% or 168,131 shares. Ingalls Snyder Limited Liability Co holds 0.88% in Cisco Systems, Inc. (NASDAQ:CSCO) or 516,109 shares. 123,185 were accumulated by Ronna Sue Cohen. Hendershot Investments holds 1.15% in Cisco Systems, Inc. (NASDAQ:CSCO) or 81,910 shares. Mount Vernon Associate Md reported 2.67% stake.

Since May 24, 2017, it had 0 buys, and 3 insider sales for $12.50 million activity. CHAMBERS JOHN T also sold $9.31 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares. 7,802 shares were sold by Walker Karen, worth $244,125 on Sunday, June 11. On Wednesday, June 14 Jacoby Rebecca sold $2.94 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) or 92,840 shares.

Among 37 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 23 have Buy rating, 0 Sell and 14 Hold. Therefore 62% are positive. Cisco Systems Inc. had 116 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by JMP Securities with “Market Perform” on Thursday, August 18. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Deutsche Bank on Thursday, February 11. RBC Capital Markets maintained it with “Buy” rating and $36.0 target in Wednesday, September 6 report. Piper Jaffray maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, October 10 with “Buy” rating. OTR Global downgraded Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, October 31 to “Mixed” rating. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Overweight” rating given on Thursday, August 18 by Pacific Crest. The rating was maintained by Oppenheimer on Friday, February 12 with “Outperform”. The rating was upgraded by OTR Global to “Positive” on Thursday, February 2. As per Wednesday, June 21, the company rating was maintained by Bernstein. The firm has “Buy” rating by Oppenheimer given on Wednesday, August 16.

Santa Barbara Asset Management Llc decreased Nextera Energy Inc (NYSE:NEE) stake by 14,947 shares to 1.27M valued at $178.25 million in 2017Q2. It also reduced Discover Finl Svcs (NYSE:DFS) stake by 1.59M shares and now owns 65,446 shares. Union Pac Corp (NYSE:UNP) was reduced too.

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