Cullen Frost Bankers Has Cut Its Cisco Systems Com (CSCO) Position as Stock Rose; Gtt Communications (GTT) Holding Has Boosted by Spruce House Investment Management Llc

May 23, 2018 - By Richard Conner

Cisco Systems, Inc. (NASDAQ:CSCO) Logo

Spruce House Investment Management Llc increased its stake in Gtt Communications Inc (GTT) by 111.98% based on its latest 2017Q4 regulatory filing with the SEC. Spruce House Investment Management Llc bought 2.11 million shares as the company’s stock rose 23.24% while stock markets declined. The institutional investor held 4.00M shares of the public utilities company at the end of 2017Q4, valued at $187.80 million, up from 1.89 million at the end of the previous reported quarter. Spruce House Investment Management Llc who had been investing in Gtt Communications Inc for a number of months, seems to be bullish on the $2.14B market cap company. The stock decreased 4.04% or $2 during the last trading session, reaching $47.55. About 383,602 shares traded. GTT Communications, Inc. (NYSE:GTT) has risen 131.28% since May 23, 2017 and is uptrending. It has outperformed by 119.73% the S&P500.

Cullen Frost Bankers Inc decreased its stake in Cisco Systems Inc Com (CSCO) by 12.51% based on its latest 2017Q4 regulatory filing with the SEC. Cullen Frost Bankers Inc sold 85,565 shares as the company’s stock rose 10.71% while stock markets declined. The institutional investor held 598,502 shares of the technology company at the end of 2017Q4, valued at $22.92M, down from 684,067 at the end of the previous reported quarter. Cullen Frost Bankers Inc who had been investing in Cisco Systems Inc Com for a number of months, seems to be less bullish one the $210.29B market cap company. The stock decreased 0.23% or $0.1 during the last trading session, reaching $43.65. About 14.49M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since May 23, 2017 and is uptrending. It has outperformed by 14.02% the S&P500.

More important recent GTT Communications, Inc. (NYSE:GTT) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 4, 2018” on May 04, 2018, also Businesswire.com published article titled: “GTT to Present at Spring 2018 Investor Conferences”, Benzinga.com published: “Buy The Dip In GTT Communications, KeyBanc Says In Upgrade” on May 04, 2018. More interesting news about GTT Communications, Inc. (NYSE:GTT) was released by: Businesswire.com and their article: “GTT Wins 2018 Leading Lights Award for Best Deal Maker” with publication date: May 16, 2018.

Among 12 analysts covering GTT Communications (NYSE:GTT), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. GTT Communications had 27 analyst reports since August 7, 2015 according to SRatingsIntel. On Friday, May 4 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. Suntrust Robinson initiated the stock with “Buy” rating in Tuesday, December 13 report. Jefferies maintained GTT Communications, Inc. (NYSE:GTT) on Thursday, August 3 with “Buy” rating. The stock of GTT Communications, Inc. (NYSE:GTT) earned “Buy” rating by Drexel Hamilton on Wednesday, November 4. The company was maintained on Wednesday, October 25 by Jefferies. On Monday, January 22 the stock rating was maintained by Craig Hallum with “Buy”. The rating was maintained by KeyBanc Capital Markets on Tuesday, October 3 with “Buy”. SunTrust maintained GTT Communications, Inc. (NYSE:GTT) rating on Thursday, March 1. SunTrust has “Buy” rating and $60.0 target. The firm earned “Overweight” rating on Friday, August 7 by Pacific Crest. As per Friday, March 2, the company rating was maintained by Cowen & Co.

Among 39 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Cisco Systems Inc. had 170 analyst reports since August 4, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, September 14 report. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, September 6. The firm has “Neutral” rating by Bank of America given on Tuesday, April 5. On Thursday, August 17 the stock rating was maintained by Robert W. Baird with “Buy”. The stock has “Hold” rating by BMO Capital Markets on Thursday, March 22. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, August 15. On Tuesday, September 1 the stock rating was maintained by Bernstein with “Buy”. The rating was maintained by Needham on Tuesday, October 24 with “Hold”. The firm has “Buy” rating given on Friday, October 13 by Robert W. Baird. The rating was maintained by J.P. Morgan on Wednesday, August 16 with “Hold”.

Cullen Frost Bankers Inc, which manages about $3.16 billion US Long portfolio, upped its stake in Spdr Nuveen Bloomberg Barclays by 8,372 shares to 139,775 shares, valued at $6.85M in 2017Q4, according to the filing. It also increased its holding in Ishares Russell 1000 Value Etf (IWD) by 7,663 shares in the quarter, for a total of 320,027 shares, and has risen its stake in Las Vegas Sands Corp Com (NYSE:LVS).

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.01, from 1.02 in 2017Q3. It increased, as 51 investors sold CSCO shares while 660 reduced holdings. 145 funds opened positions while 589 raised stakes. 3.54 billion shares or 1.52% less from 3.60 billion shares in 2017Q3 were reported. Bath Savings Tru Co invested in 0.21% or 21,781 shares. Everence Management Inc holds 99,284 shares. Donaldson Cap Mgmt Ltd stated it has 23,742 shares. Cannell Peter B Commerce reported 217,629 shares stake. Wade G W And owns 49,526 shares. Holderness Invests invested in 67,576 shares. Palisade Asset Mngmt Ltd Liability stated it has 2.58% in Cisco Systems, Inc. (NASDAQ:CSCO). Leisure Cap Management holds 8,017 shares. Df Dent & has 0.06% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 63,571 shares. Kentucky-based Central National Bank & Trust Trust Communications has invested 0.16% in Cisco Systems, Inc. (NASDAQ:CSCO). 61,729 are held by Murphy Cap. Edmp Inc holds 1.72% or 49,384 shares. Country Club Trust Na invested in 463,115 shares. Bartlett And Ltd Llc owns 43,969 shares. Pennsylvania-based Connors Investor has invested 2.11% in Cisco Systems, Inc. (NASDAQ:CSCO).

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