Renaissance Group Upped By $31.54 Million Its Cisco Systems (CSCO) Position; Surmodics (SRDX) Shorts Lowered By 0.74%

May 22, 2018 - By Moses P. Lee

Surmodics, Inc. (NASDAQ:SRDX) Logo

Surmodics Inc (NASDAQ:SRDX) had a decrease of 0.74% in short interest. SRDX’s SI was 295,600 shares in May as released by FINRA. Its down 0.74% from 297,800 shares previously. With 60,900 avg volume, 5 days are for Surmodics Inc (NASDAQ:SRDX)’s short sellers to cover SRDX’s short positions. The SI to Surmodics Inc’s float is 2.83%. The stock decreased 1.50% or $0.73 during the last trading session, reaching $47.47. About 98,255 shares traded or 75.13% up from the average. Surmodics, Inc. (NASDAQ:SRDX) has risen 61.37% since May 22, 2017 and is uptrending. It has outperformed by 49.82% the S&P500.

Renaissance Group Llc increased Cisco Systems Inc (CSCO) stake by 1280.24% reported in 2017Q4 SEC filing. Renaissance Group Llc acquired 830,108 shares as Cisco Systems Inc (CSCO)’s stock rose 10.71%. The Renaissance Group Llc holds 894,948 shares with $34.28 million value, up from 64,840 last quarter. Cisco Systems Inc now has $210.82 billion valuation. The stock increased 0.03% or $0.01 during the last trading session, reaching $43.76. About 7.34 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since May 22, 2017 and is uptrending. It has outperformed by 14.02% the S&P500.

Renaissance Group Llc decreased Synopsys Inc (NASDAQ:SNPS) stake by 32,932 shares to 405,337 valued at $34.55M in 2017Q4. It also reduced Western Digital Corp (NASDAQ:WDC) stake by 13,483 shares and now owns 381,633 shares. The Boeing Co (NYSE:BA) was reduced too.

Investors sentiment increased to 1.03 in 2017 Q4. 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. 231,233 are owned by Washington. Crawford Counsel reported 0.82% stake. Price T Rowe Inc Md stated it has 57.06M shares. Btc holds 1.09% or 165,733 shares. The New York-based Bristol John W & Ny has invested 2.16% in Cisco Systems, Inc. (NASDAQ:CSCO). Alphaone Inv Services Limited Liability Corp invested in 3,324 shares. 291,239 were accumulated by 10. Hyman Charles D owns 7,013 shares or 0.03% of their US portfolio. Sentry Investments Corp accumulated 1.95M shares. Curbstone Financial Management Corporation has 37,822 shares for 0.8% of their portfolio. Hudson Valley Invest Advsrs Adv reported 1.28% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Sequoia Financial Advsr Ltd Liability reported 30,907 shares. Kames Pcl invested 2.07% in Cisco Systems, Inc. (NASDAQ:CSCO). Private Capital Advsrs reported 2.1% stake. Moreover, Modera Wealth Limited Liability Company has 0.09% invested in Cisco Systems, Inc. (NASDAQ:CSCO).

Since December 14, 2017, it had 0 insider purchases, and 5 selling transactions for $10.28 million activity. Goeckeler David had sold 20,671 shares worth $940,559 on Thursday, March 15. Another trade for 14,189 shares valued at $625,751 was made by SARIN ARUN on Tuesday, February 20. Another trade for 15,230 shares valued at $578,740 was sold by MCGEARY RODERICK C. BURNS M MICHELE sold $550,153 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, February 26. The insider BARTZ CAROL sold 200,000 shares worth $7.59 million.

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 169 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Thursday, February 11 by UBS. On Tuesday, February 13 the stock rating was maintained by Citigroup with “Buy”. The company was maintained on Wednesday, June 28 by Oppenheimer. The firm has “Buy” rating given on Monday, November 27 by Bernstein. On Tuesday, August 9 the stock rating was maintained by Citigroup with “Buy”. The rating was maintained by Piper Jaffray with “Buy” on Tuesday, October 10. The firm has “Hold” rating given on Tuesday, October 24 by Needham. The rating was initiated by Wells Fargo with “Buy” on Tuesday, November 14. On Monday, November 13 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock has “Buy” rating by Bank of America on Thursday, February 15.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: “Cisco Systems: Should We Be Worried?” on May 21, 2018, also Livetradingnews.com with their article: “Cisco Systems, Inc. (NASDAQ:CSCO) Stock Oversold” published on May 22, 2018, 247Wallst.com published: “Why an Earnings Beat Isn’t Enough for This Top Dow Stock” on May 17, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Globenewswire.com and their article: “Cisco Announces May 2018 Event with the Financial Community” published on May 01, 2018 as well as Globenewswire.com‘s news article titled: “Cisco Completes Acquisition of Accompany” with publication date: May 10, 2018.

Investors sentiment decreased to 0.69 in Q4 2017. Its down 0.25, from 0.94 in 2017Q3. It turned negative, as 11 investors sold Surmodics, Inc. shares while 44 reduced holdings. 12 funds opened positions while 26 raised stakes. 11.07 million shares or 0.98% less from 11.18 million shares in 2017Q3 were reported. Trexquant L P has invested 0.03% in Surmodics, Inc. (NASDAQ:SRDX). Invesco accumulated 0% or 44,719 shares. Menta Limited Liability Corp owns 52,923 shares for 0.29% of their portfolio. Vanguard Grp owns 729,688 shares for 0% of their portfolio. Teachers Retirement Systems Of The State Of Kentucky reported 1,798 shares. Jpmorgan Chase has 30,303 shares. Us State Bank De holds 0% or 9,390 shares in its portfolio. Voya Invest Limited Liability Corp stated it has 0% in Surmodics, Inc. (NASDAQ:SRDX). Parallax Volatility Advisers Lp accumulated 0% or 2,016 shares. Texas Permanent School Fund has 8,862 shares. Citadel Advisors Limited Co invested in 0% or 14,528 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% stake. Pdt Prtnrs Limited Liability Co owns 12,500 shares for 0.01% of their portfolio. Cornerstone Capital Mgmt Holdings Lc reported 6,627 shares or 0% of all its holdings. 100,448 are held by Gamco Investors Inc Et Al.

More notable recent Surmodics, Inc. (NASDAQ:SRDX) news were published by: Seekingalpha.com which released: “FDA clears Surmodic’ low-profile catheter” on April 23, 2018, also Nasdaq.com with their article: “Biothera Pharmaceuticals Appoints Andrew DC LaFrence Chief Financial Officer” published on May 16, 2018, Seekingalpha.com published: “Surmodics’ (SRDX) CEO Gary Maharaj on Q2 2018 Results – Earnings Call Transcript” on May 02, 2018. More interesting news about Surmodics, Inc. (NASDAQ:SRDX) were released by: Bizjournals.com and their article: “SurModics CFO LaFrence leaves for pharma company” published on May 16, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Daily Biotech Pulse: ASCO Abstracts, Fibrocell, Ispen And More” with publication date: May 17, 2018.

Surmodics, Inc., together with its subsidiaries, provides surface modification and in vitro diagnostic technologies to the healthcare industry worldwide. The company has market cap of $629.42 million. It operates through two divisions, Medical Device and In Vitro Diagnostics. It has a 23737.5 P/E ratio. The Medical Device segment offers surface modification coating technologies to enhance access, deliverability, and predictable deployment of medical devices, as well as drug delivery coating technologies to provide site-specific drug delivery from the surface of a medical device for the coronary, peripheral, neuro-vascular, urology, and other markets.

Among 5 analysts covering SurModics (NASDAQ:SRDX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. SurModics had 9 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating by Barrington Research given on Monday, November 21. Needham maintained the stock with “Buy” rating in Wednesday, May 2 report. Needham maintained the shares of SRDX in report on Wednesday, May 16 with “Buy” rating. The rating was upgraded by Barrington Research to “Outperform” on Wednesday, February 28. The firm has “Outperform” rating given on Thursday, August 6 by Barrington Research. On Friday, October 7 the stock rating was downgraded by Sidoti to “Neutral”.

Surmodics, Inc. (NASDAQ:SRDX) Institutional Positions Chart

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By1 Moses P. Lee

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