Davenport & Company Has Boosted By $2.19 Billion Its Csco (CSCO) Position; Source Capital (SOR)’s Sentiment Is 2.09

April 26, 2018 - By Ellis Scott

Cisco Systems, Inc. (NASDAQ:CSCO) Logo

Davenport & Company Llc increased Csco (CSCO) stake by 3.31% reported in 2017Q4 SEC filing. Davenport & Company Llc acquired 57,227 shares as Csco (CSCO)’s stock rose 10.71%. The Davenport & Company Llc holds 1.79M shares with $68.45 billion value, up from 1.73M last quarter. Csco now has $210.57B valuation. The stock decreased 0.07% or $0.03 during the last trading session, reaching $43.71. About 21.71M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since April 26, 2017 and is uptrending. It has outperformed by 14.02% the S&P500.

Source Capital Inc (SOR) investors sentiment increased to 2.09 in Q4 2017. It’s up 1.15, from 0.94 in 2017Q3. The ratio is positive, as 23 investment managers started new and increased holdings, while 11 reduced and sold their positions in Source Capital Inc. The investment managers in our database reported: 1.13 million shares, up from 1.04 million shares in 2017Q3. Also, the number of investment managers holding Source Capital Inc in top ten holdings was flat from 2 to 2 for the same number . Sold All: 5 Reduced: 6 Increased: 17 New Position: 6.

Shaker Financial Services Llc holds 3.39% of its portfolio in Source Capital, Inc. for 175,866 shares. Pecaut & Co. owns 104,514 shares or 3.13% of their US portfolio. Moreover, Bulldog Investors Llc has 2.01% invested in the company for 181,439 shares. The Florida-based Thomas J. Herzfeld Advisors Inc. has invested 1.32% in the stock. Mraz Amerine & Associates Inc., a California-based fund reported 58,472 shares.

The stock decreased 0.68% or $0.27 during the last trading session, reaching $39.73. About 5,955 shares traded. Source Capital, Inc. (SOR) has risen 8.27% since April 26, 2017 and is uptrending. It has underperformed by 3.28% the S&P500.

Source Capital, Inc. is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC. The company has market cap of $. The fund invests in the public equity markets of the United States. It currently has negative earnings. It seeks to invest in the stocks of companies operating across diversified sectors.

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.01, from 1.02 in 2017Q3. It improved, 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. Northside Cap Management Ltd Liability Corporation reported 0.26% stake. Private Tru Com Na holds 60,635 shares. Bridgeway Cap Mngmt Inc has invested 0.17% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Barnett And has invested 0.05% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). American Services holds 0.11% or 7,807 shares in its portfolio. Atwood And Palmer holds 3.72% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 692,641 shares. Southeast Asset Advsr has 9,523 shares for 0.11% of their portfolio. Lourd Ltd owns 24,593 shares for 0.06% of their portfolio. Benedict Financial has 145,113 shares for 2.68% of their portfolio. Spinnaker Trust reported 0.72% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Greatmark Investment Prtnrs Inc owns 241,495 shares or 3.35% of their US portfolio. Connable Office holds 0.29% or 39,358 shares. 3.05 million are owned by Barrow Hanley Mewhinney Strauss Limited Co. The Hawaii-based State Bank Of Hawaii has invested 0.21% in Cisco Systems, Inc. (NASDAQ:CSCO). Lombard Odier Asset Management (Europe) Limited stated it has 0.13% in Cisco Systems, Inc. (NASDAQ:CSCO).

Davenport & Company Llc decreased Ed (NYSE:ED) stake by 207 shares to 5,093 valued at $432.62M in 2017Q4. It also reduced Cf (NYSE:CF) stake by 2,074 shares and now owns 44,593 shares. Bsci (BSCI) was reduced too.

Since December 14, 2017, it had 0 insider purchases, and 5 sales for $10.28 million activity. The insider MCGEARY RODERICK C sold 15,230 shares worth $578,740. Goeckeler David sold $940,559 worth of stock or 20,671 shares. 12,126 shares valued at $550,153 were sold by BURNS M MICHELE on Monday, February 26. Shares for $625,751 were sold by SARIN ARUN on Tuesday, February 20. BARTZ CAROL had sold 200,000 shares worth $7.59 million on Thursday, December 14.

Cisco Systems, Inc. (NASDAQ:CSCO) Institutional Positions Chart

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