Amgen (AMGN) Shareholder Toron Capital Markets Has Trimmed Its Position as Share Value Declined; Hutchin Hill Capital LP Position in Cisco Sys (CSCO) Has Boosted by $1.82 Million as Stock Declined



September 10, 2017 – By Stephen Andrade

Neil Chriss increased its stake in Cisco Sys Inc (CSCO) by 38.1% based on its latest 2016Q4 regulatory filing with the SEC. Hutchin Hill Capital Lp bought 60,700 shares as the company’s stock declined 7.50% while stock markets rallied. The hedge fund run by Neil Chriss held 220,000 shares of the technology company at the end of 2016Q4, valued at $6.65M, up from 159,300 at the end of the previous reported quarter. Hutchin Hill Capital Lp who had been investing in Cisco Sys Inc for a number of months, seems to be bullish on the $157.40B market cap company. The stock decreased 0.88% or $0.28 on September 8, reaching $31.48. About 15.34M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since September 10, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Toron Capital Markets Inc decreased its stake in Amgen Inc (AMGN) by 32.91% based on its latest 2016Q4 regulatory filing with the SEC. Toron Capital Markets Inc sold 21,207 shares as the company’s stock declined 9.68% while stock markets rallied. The institutional investor held 43,225 shares of the biological products (no diagnostic substances) company at the end of 2016Q4, valued at $6.32 million, down from 64,432 at the end of the previous reported quarter. Toron Capital Markets Inc who had been investing in Amgen Inc for a number of months, seems to be less bullish one the $131.81 billion market cap company. The stock decreased 0.04% or $0.07 on September 8, reaching $180.64. About 1.99M shares traded. Amgen, Inc. (NASDAQ:AMGN) has risen 5.27% since September 10, 2016 and is uptrending. It has underperformed by 11.43% the S&P500.

Investors sentiment decreased to 1.07 in Q4 2016. Its down 0.02, from 1.09 in 2016Q3. It dropped, as 81 investors sold CSCO shares while 635 reduced holdings. 117 funds opened positions while 651 raised stakes. 3.60 billion shares or 0.42% more from 3.58 billion shares in 2016Q3 were reported. Texas Permanent School Fund reported 1.50M shares stake. Wealthcare Mngmt Ltd Llc accumulated 218 shares or 0% of the stock. Westpac Banking, a Australia-based fund reported 1.30M shares. Parametric Portfolio Ltd Limited Liability Company reported 12.99 million shares. Sumitomo Mitsui Asset Mngmt Communication Ltd holds 0.33% or 560,510 shares. Exxonmobil Investment Management Tx owns 1.16M shares. Blume Capital Management Inc holds 0.19% in Cisco Systems, Inc. (NASDAQ:CSCO) or 10,443 shares. Meeder Asset Mngmt Inc accumulated 304,559 shares. Blackrock Fund Advisors holds 0.46% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 82.09 million shares. Moreover, Charter Com has 0.35% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 103,478 shares. Pinnacle Partners accumulated 44,865 shares or 0.29% of the stock. Savant Capital Ltd Limited Liability Company holds 0.24% or 30,064 shares. Sadoff Ltd Liability Corporation reported 1.07M shares. Arizona-based Arizona State Retirement Systems has invested 0.8% in Cisco Systems, Inc. (NASDAQ:CSCO). Murphy Pohlad Asset Ltd Company holds 22,753 shares.

Hutchin Hill Capital Lp, which manages about $6.73B and $2.89B US Long portfolio, decreased its stake in Teradata Corp Del (NYSE:TDC) by 31,300 shares to 29,500 shares, valued at $802,000 in 2016Q4, according to the filing. It also reduced its holding in Comcast Corp New (Call) (NASDAQ:CMCSA) by 15,000 shares in the quarter, leaving it with 25,000 shares, and cut its stake in Teekay Corporation (NYSE:TK).

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: “Cisco Systems: When Will It Turn Around?” on August 28, 2017, also Investorplace.com with their article: “Cisco Systems, Inc. (CSCO) Stock Dips on Toothless Q4 Earnings” published on August 16, 2017, Nasdaq.com published: “Are Options Traders Betting on a Big Move in Cisco Systems, Inc. (CSCO) Stock?” on September 07, 2017. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: “Cisco Still Doesn’t Have Any High-Growth Engines” published on August 22, 2017 as well as Seekingalpha.com‘s news article titled: “Cisco Systems’ (CSCO) Management Presents at Citi 2017 Global Technology …” with publication date: September 07, 2017.

Among 36 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 23 have Buy rating, 0 Sell and 13 Hold. Therefore 64% are positive. Cisco Systems Inc. had 108 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was downgraded by Zacks on Tuesday, August 4 to “Buy”. The firm has “Overweight” rating given on Monday, August 15 by Barclays Capital. On Friday, August 19 the stock rating was maintained by Argus Research with “Buy”. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, August 15. The firm earned “Neutral” rating on Wednesday, April 6 by JP Morgan. The firm has “Buy” rating by Jefferies given on Wednesday, August 17. The rating was maintained by JMP Securities on Thursday, August 18 with “Market Perform”. The stock has “Buy” rating by Oppenheimer on Wednesday, June 14. The firm has “Outperform” rating given on Friday, February 12 by Oppenheimer. The firm has “Buy” rating given on Wednesday, August 5 by Wells Fargo.

Since March 9, 2017, it had 0 insider buys, and 4 insider sales for $13.04 million activity. Another trade for 15,672 shares valued at $537,050 was made by BHATT PRAT on Wednesday, March 15. Another trade for 295,537 shares valued at $9.31 million was sold by CHAMBERS JOHN T. Jacoby Rebecca also sold $2.94M worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares. On Sunday, June 11 the insider Walker Karen sold $244,125.

Toron Capital Markets Inc, which manages about $2.01 billion US Long portfolio, upped its stake in Deere & Co (NYSE:DE) by 5,912 shares to 144,252 shares, valued at $14.86 million in 2016Q4, according to the filing. It also increased its holding in Agrium Inc (NYSE:AGU) by 24,432 shares in the quarter, for a total of 363,536 shares, and has risen its stake in Groupe Cgi Inc (NYSE:GIB).

Since May 24, 2017, it had 0 insider purchases, and 2 insider sales for $1.02 million activity. BALTIMORE DAVID sold 3,700 shares worth $569,541.

Investors sentiment decreased to 1.09 in 2016 Q4. Its down 0.17, from 1.26 in 2016Q3. It worsened, as 98 investors sold AMGN shares while 488 reduced holdings. 111 funds opened positions while 527 raised stakes. 561.98 million shares or 1.23% less from 568.98 million shares in 2016Q3 were reported. 35,592 were reported by Dowling & Yahnke Lc. Telos Capital Mgmt Inc holds 0.92% of its portfolio in Amgen, Inc. (NASDAQ:AMGN) for 14,121 shares. Altfest L J & invested in 0.24% or 3,334 shares. Trexquant Invest LP has 2,900 shares for 0.07% of their portfolio. Bridges Invest Counsel has invested 0.91% in Amgen, Inc. (NASDAQ:AMGN). California Pub Employees Retirement Systems accumulated 1.77M shares or 0.43% of the stock. Prentiss Smith Inc owns 0.01% invested in Amgen, Inc. (NASDAQ:AMGN) for 150 shares. Daiwa Secs Gp has invested 0.03% in Amgen, Inc. (NASDAQ:AMGN). Agran Libbie has invested 0.1% in Amgen, Inc. (NASDAQ:AMGN). Edmp stated it has 26,601 shares or 3.84% of all its holdings. Enterprise Financial Corp has 0.05% invested in Amgen, Inc. (NASDAQ:AMGN) for 644 shares. Cypress Capital Gp reported 0.39% in Amgen, Inc. (NASDAQ:AMGN). Zevin Asset Ltd owns 0.14% invested in Amgen, Inc. (NASDAQ:AMGN) for 3,767 shares. Banque Pictet Cie reported 0.03% in Amgen, Inc. (NASDAQ:AMGN). Bartlett And Comm Ltd Co holds 293,849 shares or 2.03% of its portfolio.

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