Staley Capital Advisers Upped Position in Cisco Systems (CSCO); As Amazon Com (AMZN) Share Value Rose, Mechanics Bank Trust Department Lifted Its Holding

February 23, 2018 - By Hazel Jackson

Staley Capital Advisers Inc increased its stake in Cisco Systems (CSCO) by 2.4% based on its latest 2017Q3 regulatory filing with the SEC. Staley Capital Advisers Inc bought 26,100 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 1.11 million shares of the technology company at the end of 2017Q3, valued at $37.42 million, up from 1.09M at the end of the previous reported quarter. Staley Capital Advisers Inc who had been investing in Cisco Systems for a number of months, seems to be bullish on the $209.47 billion market cap company. The stock increased 1.26% or $0.54 during the last trading session, reaching $43.48. About 14.19M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since February 23, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Mechanics Bank Trust Department increased its stake in Amazon Com Inc (AMZN) by 58.76% based on its latest 2017Q3 regulatory filing with the SEC. Mechanics Bank Trust Department bought 916 shares as the company’s stock rose 13.58% with the market. The institutional investor held 2,475 shares of the consumer services company at the end of 2017Q3, valued at $2.38 million, up from 1,559 at the end of the previous reported quarter. Mechanics Bank Trust Department who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the $723.46 billion market cap company. The stock increased 0.61% or $9.09 during the last trading session, reaching $1494.43. About 2.61M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since February 23, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Among 53 analysts covering Amazon.com (NASDAQ:AMZN), 50 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com had 274 analyst reports since July 21, 2015 according to SRatingsIntel. Nomura maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Monday, November 20. Nomura has “Buy” rating and $1360 target. The firm earned “Buy” rating on Friday, July 28 by BMO Capital Markets. The rating was maintained by Oppenheimer with “Outperform” on Friday, January 29. The firm earned “Buy” rating on Friday, June 16 by Oppenheimer. Jefferies maintained it with “Buy” rating and $950 target in Friday, July 29 report. The stock has “Buy” rating by Tigress Financial on Monday, August 7. The firm earned “Outperform” rating on Thursday, August 27 by Raymond James. On Tuesday, December 1 the stock rating was maintained by Barclays Capital with “Overweight”. On Friday, February 3 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Buy” rating by Piper Jaffray on Friday, October 27.

Investors sentiment decreased to 1.26 in Q3 2017. Its down 0.10, from 1.36 in 2017Q2. It dropped, as 73 investors sold AMZN shares while 549 reduced holdings. 127 funds opened positions while 657 raised stakes. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported. Nelson Van Denburg Campbell Wealth Mgmt Grp Inc Lc reported 0.4% in Amazon.com, Inc. (NASDAQ:AMZN). Next Century Growth Invsts Limited Liability Corporation holds 0.63% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 5,496 shares. Ubs Asset Americas Incorporated invested in 1.76M shares. Boston Llc invested in 1.78% or 81,596 shares. Td Asset Mgmt holds 428,780 shares. E&G LP accumulated 0.25% or 565 shares. First Long Island Investors Ltd Company has invested 3.19% in Amazon.com, Inc. (NASDAQ:AMZN). Front Barnett Associates Lc accumulated 9,774 shares or 1.65% of the stock. First Interstate Bankshares owns 3,277 shares for 0.68% of their portfolio. Nuveen Asset Management Ltd Com reported 0.61% in Amazon.com, Inc. (NASDAQ:AMZN). Intact Mgmt Inc owns 1,400 shares. Park Natl Oh holds 0.04% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 734 shares. Columbus Circle owns 126,525 shares for 2.07% of their portfolio. Yorktown Management And Research invested in 370 shares or 0.09% of the stock. Sigma Investment Counselors has 1.15% invested in Amazon.com, Inc. (NASDAQ:AMZN).

Mechanics Bank Trust Department, which manages about $419.47M US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 3,459 shares to 47,506 shares, valued at $7.32M in 2017Q3, according to the filing. It also reduced its holding in Chevron Corp New (NYSE:CVX) by 3,353 shares in the quarter, leaving it with 116,704 shares, and cut its stake in Ross Stores Inc (NASDAQ:ROST).

Since December 7, 2017, it had 0 buys, and 8 sales for $38.37 million activity. 2,285 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $3.35 million were sold by ALBERG TOM A. On Friday, February 16 the insider WILKE JEFFREY A sold $2.91M. 12,666 shares were sold by Blackburn Jeffrey M, worth $18.50M. Shares for $3.42 million were sold by Olsavsky Brian T. Zapolsky David had sold 2,216 shares worth $3.24M on Thursday, February 15. $2.90M worth of stock was sold by Jassy Andrew R on Thursday, February 15.

Among 38 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 26 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Cisco Systems Inc. had 151 analyst reports since August 4, 2015 according to SRatingsIntel. Bank of America upgraded the shares of CSCO in report on Friday, January 5 to “Buy” rating. The rating was downgraded by Morgan Stanley on Monday, August 17 to “Equal Weight”. On Wednesday, November 15 the stock rating was maintained by Piper Jaffray with “Buy”. The rating was maintained by Jefferies with “Buy” on Friday, June 30. Cowen & Co maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Tuesday, September 5. Cowen & Co has “Buy” rating and $38.0 target. The firm has “Buy” rating given on Thursday, February 15 by KeyBanc Capital Markets. The stock has “Hold” rating by Stifel Nicolaus on Friday, December 15. Bank of America maintained the stock with “Buy” rating in Thursday, February 15 report. Wunderlich maintained the shares of CSCO in report on Thursday, August 18 with “Hold” rating. BMO Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Wednesday, November 15. BMO Capital Markets has “Hold” rating and $32.0 target.

Since September 11, 2017, it had 0 insider purchases, and 7 selling transactions for $16.35 million activity. $3.89 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by Robbins Charles. $625,751 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by SARIN ARUN. 200,000 shares were sold by BARTZ CAROL, worth $7.59 million. MCGEARY RODERICK C had sold 15,230 shares worth $578,740. Shares for $740,883 were sold by Walker Karen. $2.11M worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by CHANDLER MARK D.

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.16, from 1.18 in 2017Q2. It fall, 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. Ferguson Wellman Capital Management holds 1.99% or 1.64 million shares in its portfolio. Swarthmore Grp reported 11,150 shares or 0.09% of all its holdings. The New York-based Engineers Gate Manager Lp has invested 0.2% in Cisco Systems, Inc. (NASDAQ:CSCO). Hardman Johnston Global Advsrs Ltd Liability holds 1.02% or 709,523 shares. Omers Administration invested in 4.81 million shares. Wade G W & Incorporated has 0.24% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 60,019 shares. 36,268 are owned by South Texas Money Management. Howe And Rusling holds 1.06% in Cisco Systems, Inc. (NASDAQ:CSCO) or 170,382 shares. Skba Capital Mgmt Limited Liability Company has 3.37% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 696,630 shares. Korea Investment Corporation accumulated 0.48% or 3.08M shares. Front Barnett Associates Ltd has 48,895 shares. Private Harbour Management Counsel Ltd Co has invested 1.85% in Cisco Systems, Inc. (NASDAQ:CSCO). Alpine Global Limited Liability Company invested 0.37% in Cisco Systems, Inc. (NASDAQ:CSCO). Denver Inv Advsr Ltd Liability Com holds 28,211 shares. Lau Associate Limited Liability Com, a Delaware-based fund reported 9,748 shares.

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