Fragasso Group Has Lowered Its Position in Cisco Sys (CSCO) by $361,548 as Market Value Declined; Weaver C Barksdale & Associates Has Boosted Its Stake in Medtronic (MDT) by $366,135

February 15, 2018 - By Winifred Garcia

Fragasso Group Inc decreased its stake in Cisco Sys Inc (CSCO) by 20.97% based on its latest 2017Q3 regulatory filing with the SEC. Fragasso Group Inc sold 10,956 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 41,300 shares of the technology company at the end of 2017Q3, valued at $1.39 million, down from 52,256 at the end of the previous reported quarter. Fragasso Group Inc who had been investing in Cisco Sys Inc for a number of months, seems to be less bullish one the $216.56 billion market cap company. The stock increased 4.08% or $1.715 during the last trading session, reaching $43.805. About 50.64 million shares traded or 97.32% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since February 15, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Weaver C Barksdale & Associates Inc increased its stake in Medtronic Inc (MDT) by 43.89% based on its latest 2017Q3 regulatory filing with the SEC. Weaver C Barksdale & Associates Inc bought 4,755 shares as the company’s stock rose 5.51% with the market. The institutional investor held 15,588 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q3, valued at $1.21 million, up from 10,833 at the end of the previous reported quarter. Weaver C Barksdale & Associates Inc who had been investing in Medtronic Inc for a number of months, seems to be bullish on the $111.75 billion market cap company. The stock increased 0.86% or $0.7 during the last trading session, reaching $82.56. About 1.97M shares traded. Medtronic plc (NYSE:MDT) has risen 4.04% since February 15, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

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 142 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by Oppenheimer given on Wednesday, June 21. The rating was maintained by UBS on Thursday, November 16 with “Buy”. The firm has “Buy” rating by Citigroup given on Tuesday, August 9. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Neutral” rating by Nomura on Thursday, November 16. The firm has “Mixed” rating by OTR Global given on Monday, October 31. The firm has “Neutral” rating given on Wednesday, June 15 by Goldman Sachs. Stifel Nicolaus reinitiated Cisco Systems, Inc. (NASDAQ:CSCO) rating on Friday, November 18. Stifel Nicolaus has “Hold” rating and $34 target. The firm has “Buy” rating by RBC Capital Markets given on Monday, July 31. Jefferies maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Wednesday, August 2 with “Buy” rating. KeyBanc Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, November 16. KeyBanc Capital Markets has “Overweight” rating and $39 target.

Since August 23, 2017, it had 0 insider purchases, and 7 sales for $23.51 million activity. The insider MCGEARY RODERICK C sold 15,230 shares worth $578,740. The insider CHAMBERS JOHN T sold 250,000 shares worth $7.79 million. Walker Karen also sold $740,883 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares. Shares for $7.59M were sold by BARTZ CAROL. 25,638 shares valued at $821,900 were sold by BHATT PRAT on Monday, September 11. The insider Robbins Charles sold $3.89M.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.16, from 1.18 in 2017Q2. It dived, 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. Clark Estates Ny invested in 0.58% or 104,300 shares. Lowe Brockenbrough And Incorporated accumulated 346,913 shares. Paloma Ptnrs Mngmt stated it has 57,084 shares or 0.03% of all its holdings. Private Wealth Advisors stated it has 176,518 shares. Peak Asset Ltd Liability holds 2.2% or 182,877 shares. Checchi Cap Advisers Limited Liability Company holds 0.19% or 54,639 shares in its portfolio. Lodestar Investment Counsel Limited Liability Com Il holds 0.74% or 179,653 shares in its portfolio. Bbt Cap Mgmt Ltd Company reported 0.91% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Highland Mngmt Limited Liability Corporation, Tennessee-based fund reported 566,113 shares. Private Harbour Investment Mngmt And Counsel Lc invested in 65,682 shares or 1.85% of the stock. Raymond James & stated it has 0.51% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). 26,634 were accumulated by First Commonwealth Corporation Pa. Mitsubishi Ufj Tru Banking has 10.76 million shares for 0.67% of their portfolio. Wealthcare Capital Ltd stated it has 0% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Mechanics Bancorporation Tru Department reported 48,515 shares.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on February, 21. They expect $0.53 earnings per share, 0.00% or $0.00 from last year’s $0.53 per share. CSCO’s profit will be $2.62 billion for 20.66 P/E if the $0.53 EPS becomes a reality. After $0.55 actual earnings per share reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts -3.64% negative EPS growth.

Fragasso Group Inc, which manages about $853.06 million and $331.69 million US Long portfolio, upped its stake in Pimco Etf Tr (BOND) by 5,783 shares to 43,446 shares, valued at $4.64 million in 2017Q3, according to the filing.

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.22, from 0.9 in 2017Q2. It increased, as 73 investors sold MDT shares while 392 reduced holdings. 109 funds opened positions while 414 raised stakes. 1.07 billion shares or 1.07% more from 1.06 billion shares in 2017Q2 were reported. Smith Moore & holds 8,658 shares or 0.19% of its portfolio. Kingfisher Cap Limited Liability Corp owns 10,810 shares. Tctc Ltd Company holds 0.16% of its portfolio in Medtronic plc (NYSE:MDT) for 33,635 shares. 2,787 were reported by White Pine Cap Limited Company. Grimes & Inc has 0.93% invested in Medtronic plc (NYSE:MDT) for 112,511 shares. Rench Wealth Mngmt Incorporated reported 30,125 shares. Gp One Trading LP stated it has 0% in Medtronic plc (NYSE:MDT). 82,022 are owned by Shelter Insur Retirement Plan. Webster Bancshares N A, Connecticut-based fund reported 5,520 shares. Ray Gerald L And Limited reported 3,298 shares or 0.03% of all its holdings. Wellington Shields Capital Limited Liability holds 3,850 shares or 0.04% of its portfolio. Andra Ap reported 0.28% in Medtronic plc (NYSE:MDT). Eagle Asset Mgmt has 214,385 shares. Virginia Retirement Sys Et Al reported 123,700 shares. Cambridge Investment Advisors holds 54,621 shares.

Among 28 analysts covering Medtronic (NYSE:MDT), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 64% are positive. Medtronic had 79 analyst reports since August 10, 2015 according to SRatingsIntel. On Tuesday, November 21 the stock rating was maintained by Needham with “Buy”. As per Wednesday, February 22, the company rating was maintained by Needham. The firm has “Outperform” rating by BMO Capital Markets given on Wednesday, November 23. As per Monday, July 10, the company rating was maintained by Wells Fargo. BTIG Research downgraded Medtronic plc (NYSE:MDT) on Wednesday, June 1 to “Neutral” rating. The firm has “Buy” rating given on Tuesday, September 26 by Jefferies. The firm has “Buy” rating given on Wednesday, November 23 by Needham. The rating was maintained by RBC Capital Markets on Wednesday, April 19 with “Buy”. As per Tuesday, July 18, the company rating was maintained by Oppenheimer. Needham maintained Medtronic plc (NYSE:MDT) on Monday, October 9 with “Buy” rating.

Weaver C Barksdale & Associates Inc, which manages about $4.06B and $89.62 million US Long portfolio, decreased its stake in Frontier Communications C by 35,271 shares to 3,670 shares, valued at $43,000 in 2017Q3, according to the filing.

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