Washington Trust Bank Has Boosted Cisco Systems (CSCO) Position; 1 Bullish Analysts Covering Melcor Developments Ltd. (TSE:MRD)

Washington Trust Bank increased Cisco Systems Inc (CSCO) stake by 97.6% reported in 2017Q3 SEC filing. Washington Trust Bank acquired 110,434 shares as Cisco Systems Inc (CSCO)’s stock declined 7.50%. The Washington Trust Bank holds 223,587 shares with $7.52 million value, up from 113,153 last quarter. Cisco Systems Inc now has $197.45B valuation. The stock increased 1.04% or $0.41 during the last trading session, reaching $39.94. About 16.58 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since January 9, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Among 2 analysts covering Melcor Developments (TSE:MRD), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Melcor Developments had 6 analyst reports since August 14, 2015 according to SRatingsIntel. On Friday, May 20 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was maintained by RBC Capital Markets on Thursday, November 24 with “Sector Perform”. See Melcor Developments Ltd. (TSE:MRD) latest ratings:

Since August 23, 2017, it had 0 buys, and 7 insider sales for $23.51 million activity. CHANDLER MARK D also sold $2.11M worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, September 18. 200,000 shares were sold by BARTZ CAROL, worth $7.59M. Robbins Charles had sold 121,390 shares worth $3.89M on Monday, September 11. MCGEARY RODERICK C had sold 15,230 shares worth $578,740 on Thursday, December 14. Shares for $7.79 million were sold by CHAMBERS JOHN T. On Monday, September 11 Walker Karen sold $740,883 worth of Cisco Systems, Inc. (NASDAQ:CSCO) or 23,110 shares. BHATT PRAT had sold 25,638 shares worth $821,900.

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. has $160 highest and $16 lowest target. $36.19’s average target is -9.39% below currents $39.94 stock price. Cisco Systems Inc. had 133 analyst reports since August 4, 2015 according to SRatingsIntel. Piper Jaffray maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Wednesday, November 15. Piper Jaffray has “Buy” rating and $37.0 target. The firm has “Buy” rating by Piper Jaffray given on Thursday, August 13. As per Thursday, August 18, the company rating was maintained by Pacific Crest. The stock has “Hold” rating by Nomura on Wednesday, June 21. The firm earned “Neutral” rating on Thursday, May 19 by JP Morgan. On Friday, November 18 the stock rating was reinitiated by Stifel Nicolaus with “Hold”. The company was maintained on Tuesday, October 10 by Piper Jaffray. RBC Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Monday, October 9. RBC Capital Markets has “Buy” rating and $36.0 target. Jefferies maintained the stock with “Buy” rating in Wednesday, August 2 report. As per Thursday, August 18, the company rating was maintained by Piperjaffray.

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. Forte Cap Adv invested 0.99% in Cisco Systems, Inc. (NASDAQ:CSCO). Manufacturers Life Communications The has 12.20M shares. Woodmont Counsel Limited Liability Corp holds 0.44% or 48,093 shares. Leavell Investment Management reported 66,021 shares. Old Dominion invested in 1% or 29,357 shares. America First Invest Advsr Limited Liability Company holds 0% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 100 shares. Smithfield Trust reported 0.2% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Dorsey & Whitney Tru Lc owns 72,989 shares. Planning Limited Liability Company stated it has 44,188 shares. Moreover, Hsbc Hldgs Pcl has 0.5% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Barbara Oil, Illinois-based fund reported 68,951 shares. Afam Capital Inc reported 1.2% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Perella Weinberg Capital Lp owns 0.13% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 44,403 shares. Longer Investments has invested 2.28% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Macquarie Grp Ltd holds 22.04 million shares or 1.33% of its portfolio.