Parus Finance Uk LTD Has Boosted Vipshop Hldgs LTD (VIPS) Position by $1.75 Million as Market Valuation Rose; Concert Wealth Management Position in Cisco Sys (CSCO) Cut by $734,173 as Stock Value Declined

December 20, 2017 - By Stephen Andrade

Concert Wealth Management Inc decreased its stake in Cisco Sys Inc (CSCO) by 58.52% based on its latest 2017Q2 regulatory filing with the SEC. Concert Wealth Management Inc sold 23,683 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 16,789 shares of the technology company at the end of 2017Q2, valued at $525,000, down from 40,472 at the end of the previous reported quarter. Concert Wealth Management Inc who had been investing in Cisco Sys Inc for a number of months, seems to be less bullish one the $191.12B market cap company. The stock increased 0.94% or $0.36 during the last trading session, reaching $38.66. About 11.80M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since December 20, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Parus Finance Uk Ltd increased its stake in Vipshop Hldgs Ltd (VIPS) by 8.32% based on its latest 2017Q2 regulatory filing with the SEC. Parus Finance Uk Ltd bought 174,900 shares as the company’s stock rose 10.03% with the market. The institutional investor held 2.28M shares of the catalog and specialty distribution company at the end of 2017Q2, valued at $24.02 million, up from 2.10M at the end of the previous reported quarter. Parus Finance Uk Ltd who had been investing in Vipshop Hldgs Ltd for a number of months, seems to be bullish on the $7.11B market cap company. It closed at $12.01 lastly. It is up 27.19% since December 20, 2016 and is uptrending. It has outperformed by 10.49% the S&P500.

Investors sentiment increased to 1.18 in Q2 2017. Its up 0.14, from 1.04 in 2017Q1. It is positive, 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. Regal Investment Advsr Limited Liability Corporation invested in 11,382 shares. Fcm Investments Tx, Texas-based fund reported 81,286 shares. Smith Chas P & Associates Pa Cpas reported 608,118 shares. Thompson Inv Management accumulated 272,985 shares. 100 were accumulated by Cranbrook Wealth Mgmt Ltd Llc. Calamos Wealth Management Ltd Liability Com holds 0.89% in Cisco Systems, Inc. (NASDAQ:CSCO) or 201,533 shares. Grantham Mayo Van Otterloo & Communication Lc invested in 2.05% or 11.85 million shares. Roanoke Asset New York, New York-based fund reported 74,762 shares. Hengehold Ltd has invested 0.08% in Cisco Systems, Inc. (NASDAQ:CSCO). Riggs Asset Managment has invested 0.06% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Registered Invest Advisor Incorporated has 0.79% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Bluefin Trading Ltd Liability Com reported 22,497 shares. Baldwin Brothers Ma holds 0.02% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 4,158 shares. Burt Wealth Advisors reported 2,634 shares or 0.06% of all its holdings. 70,121 were reported by National Asset Mgmt.

Concert Wealth Management Inc, which manages about $1.87B and $103.01M US Long portfolio, upped its stake in Abbott Labs (NYSE:ABT) by 31,373 shares to 53,096 shares, valued at $914,000 in 2017Q2, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 46,838 shares in the quarter, for a total of 47,138 shares, and has risen its stake in Schwab Strategic Tr (SCHB).

Since August 23, 2017, it had 0 insider buys, and 7 sales for $23.51 million activity. $7.79M worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by CHAMBERS JOHN T. 200,000 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $7.59 million were sold by BARTZ CAROL. On Monday, September 18 the insider CHANDLER MARK D sold $2.11 million. 23,110 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $740,883 were sold by Walker Karen. $578,740 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by MCGEARY RODERICK C. BHATT PRAT also sold $821,900 worth of Cisco Systems, Inc. (NASDAQ:CSCO) 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 132 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Buy” rating and $3600 target in Monday, July 31 report. Oppenheimer maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Wednesday, June 28 with “Buy” rating. KeyBanc Capital Markets maintained the shares of CSCO in report on Wednesday, October 11 with “Buy” rating. The rating was maintained by Oppenheimer with “Buy” on Friday, August 4. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Deutsche Bank on Thursday, August 18. The stock has “Neutral” rating by Bank of America on Tuesday, April 5. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Oppenheimer on Wednesday, June 21. As per Friday, September 23, the company rating was maintained by Raymond James. Jefferies maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Friday, June 30. Jefferies has “Buy” rating and $3700 target. The rating was maintained by Piper Jaffray with “Buy” on Tuesday, October 10.

Among 18 analysts covering Vipshop Holdings Limited (NYSE:VIPS), 12 have Buy rating, 3 Sell and 3 Hold. Therefore 67% are positive. Vipshop Holdings Limited had 34 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Underweight” rating given on Thursday, December 17 by Morgan Stanley. Deutsche Bank downgraded Vipshop Holdings Limited (NYSE:VIPS) on Friday, June 30 to “Hold” rating. The stock has “Buy” rating by Deutsche Bank on Thursday, November 10. The stock has “Hold” rating by Deutsche Bank on Wednesday, August 17. The stock of Vipshop Holdings Limited (NYSE:VIPS) earned “Underperform” rating by Bernstein on Wednesday, January 11. The stock of Vipshop Holdings Limited (NYSE:VIPS) earned “Overweight” rating by JP Morgan on Thursday, November 23. Daiwa Securities upgraded the shares of VIPS in report on Monday, December 18 to “Buy” rating. The stock has “Reduce” rating by HSBC on Friday, August 18. The firm earned “Underperform” rating on Monday, November 16 by Credit Agricole. The firm has “Neutral” rating by Credit Suisse given on Friday, February 26.

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