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Open Text (OTEX) Stake Upped by Praesidium Investment Management Company Llc; As Cisco Systems (CSCO) Market Valuation Rose, Eubel Brady & Suttman Asset Management Trimmed Its Holding

Open Text Corporation (NASDAQ:OTEX) Logo

Eubel Brady & Suttman Asset Management Inc decreased its stake in Cisco Systems Inc (CSCO) by 4.11% based on its latest 2018Q2 regulatory filing with the SEC. Eubel Brady & Suttman Asset Management Inc sold 14,224 shares as the company’s stock rose 6.54% with the market. The institutional investor held 331,656 shares of the technology company at the end of 2018Q2, valued at $14.27 million, down from 345,880 at the end of the previous reported quarter. Eubel Brady & Suttman Asset Management Inc who had been investing in Cisco Systems Inc for a number of months, seems to be less bullish one the $212.88 billion market cap company. The stock decreased 2.85% or $1.39 during the last trading session, reaching $47.35. About 30.75 million shares traded or 33.19% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 44.68% since December 5, 2017 and is uptrending. It has outperformed by 29.06% the S&P500. Some Historical CSCO News: 17/04/2018 – Cisco President for Asia-Pacific and Japan Miyuki Suzuki said 5G will create “huge opportunities” for businesses to drive enriched customer experiences in augmented reality and virtual reality; 17/05/2018 – Cisco CEO Says Overall Strategy Is Working (Video); 29/05/2018 – CenturyLink is the first to secure all certifications for Cisco Powered cloud and managed DNA services worldwide; 16/05/2018 – CISCO SEES 4Q REV. +4% TO +6%, EST. +4.8%; 16/05/2018 – Cisco Systems Declared and Paid Cash Div of 33c/Share, or $1.6 Billion, in 3Q; 01/05/2018 – CISCO TO BUY ACCOMPANY FOR $270M IN CASH, ASSUMED EQUITY AWARDS; 18/05/2018 – Tech Down as Tesla, Cisco Remain Weak — Tech Roundup; 04/04/2018 – CIS Secure Receives Industry-First TSG Approval for Cisco 8865 Video VoIP Phone; 17/05/2018 – Tech Down After Cisco Outlook — Tech Roundup; 07/03/2018 – Cisco Provides ‘Project-Based Challenges’ for Participants in Skills Training With Digital Skills Academy

Praesidium Investment Management Company Llc increased its stake in Open Text Corp (OTEX) by 8.2% based on its latest 2018Q2 regulatory filing with the SEC. Praesidium Investment Management Company Llc bought 288,816 shares as the company’s stock rose 5.51% with the market. The institutional investor held 3.81 million shares of the edp services company at the end of 2018Q2, valued at $134.12 million, up from 3.52 million at the end of the previous reported quarter. Praesidium Investment Management Company Llc who had been investing in Open Text Corp for a number of months, seems to be bullish on the $9.19 billion market cap company. The stock decreased 1.01% or $0.35 during the last trading session, reaching $34.23. About 499,453 shares traded or 15.12% up from the average. Open Text Corporation (NASDAQ:OTEX) has risen 18.71% since December 5, 2017 and is uptrending. It has outperformed by 3.09% the S&P500. Some Historical OTEX News: 30/05/2018 – OPENTEXT TERM LOAN INCREASED TO $1B, MATURITY DATE TO 2025; 17/04/2018 – Hedge fund manager Cliff Robbins reveals investment in software company Open Text; 15/05/2018 – OpenText to Bring Security to the Edges of the Network and Beyond; 09/05/2018 – OPEN TEXT 3Q ADJ EPS 54C, EST. 62C; 09/05/2018 – OPEN TEXT 3Q REV. $686M, EST. $691.8M; 10/05/2018 – OPEN TEXT CORP OTEX.TO : BARCLAYS RAISES TARGET PRICE TO C$59 FROM C$57; 09/05/2018 – OPENTEXT BOOSTS QTR DIV BY 15%; 18/05/2018 – Document Management Software 2018: Global Procurement Market Intelligence Report – Top Five Players are Adobe, OpenText, Dropbox, HP, and Oracle – ResearchAndMarkets.com; 17/04/2018 – ROBBINS SEES 40%-50% UPSIDE POTENTIAL FOR OPEN TEXT; 17/04/2018 – Blue Harbour CEO Robbins says Open Text could be acquired

Since June 22, 2018, it had 0 insider purchases, and 8 selling transactions for $26.37 million activity. Another trade for 70,000 shares valued at $3.30M was sold by Kramer Kelly A.. 35,000 shares valued at $1.51M were sold by Goeckeler David on Friday, June 22. $1.52M worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by BHATT PRAT on Friday, November 23. Tan Irving had sold 68,308 shares worth $3.24 million on Friday, September 14. The insider CHANDLER MARK D sold $196,324.

Investors sentiment increased to 0.84 in Q2 2018. Its up 0.11, from 0.73 in 2018Q1. It increased, as 61 investors sold CSCO shares while 733 reduced holdings. 133 funds opened positions while 531 raised stakes. 3.26 billion shares or 4.11% less from 3.40 billion shares in 2018Q1 were reported. Walter & Keenan Financial Consulting Mi Adv reported 103,148 shares. Edgar Lomax Company Va stated it has 5.37% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Dumont Blake Ltd Liability Corp invested in 50,443 shares or 0.91% of the stock. High Pointe Limited Liability Company holds 2.36% in Cisco Systems, Inc. (NASDAQ:CSCO) or 38,470 shares. Qs Invsts stated it has 681,207 shares or 0.29% of all its holdings. Cohen Mngmt Incorporated stated it has 2.32% in Cisco Systems, Inc. (NASDAQ:CSCO). Main Street Rech Llc has invested 0.25% in Cisco Systems, Inc. (NASDAQ:CSCO). Trustmark Fincl Bank Tru Department, a Mississippi-based fund reported 165,135 shares. Invest House Limited Liability Com invested in 104,095 shares or 0.52% of the stock. Lvm Ltd Mi invested in 428,455 shares. Fincl Gp holds 1.48% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 360,000 shares. 14,130 were reported by Sarasin And Ptnrs Llp. Fisher Asset Mngmt Ltd Limited Liability Company invested 1% in Cisco Systems, Inc. (NASDAQ:CSCO). Florida-based Jaffetilchin Investment Ptnrs has invested 0.13% in Cisco Systems, Inc. (NASDAQ:CSCO). Cypress Cap Grp holds 57,957 shares or 0.51% of its portfolio.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Nasdaq.com which released: “Here’s What to Expect from Hewlett Packard Enterprise (HPE) Earnings – Nasdaq” on December 03, 2018, also Nasdaq.com with their article: “Buy Boring Cisco Systems as Market Uncertainties Grow – Nasdaq” published on November 20, 2018, Nasdaq.com published: “Cisco (CSCO) to Report Q1 Earnings: What’s in the Cards? – Nasdaq” on November 09, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Nasdaq.com and their article: “Technology Sector Update for 11/15/2018: NTES,CSCO,MARK – Nasdaq” published on November 15, 2018 as well as Nasdaq.com‘s news article titled: “Cisco Systems Q1 19 Earnings Conference Call At 4:30 PM ET – Nasdaq” with publication date: November 14, 2018.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on February, 13. They expect $0.65 earnings per share, up 12.07% or $0.07 from last year’s $0.58 per share. CSCO’s profit will be $2.92 billion for 18.21 P/E if the $0.65 EPS becomes a reality. After $0.68 actual earnings per share reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts -4.41% negative EPS growth.

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 182 analyst reports since August 4, 2015 according to SRatingsIntel. As per Friday, December 15, the company rating was maintained by Stifel Nicolaus. As per Tuesday, September 5, the company rating was maintained by Cowen & Co. The rating was maintained by Jefferies with “Buy” on Thursday, February 15. The rating was maintained by Credit Suisse with “Buy” on Wednesday, June 21. Deutsche Bank maintained the stock with “Buy” rating in Thursday, February 15 report. Oppenheimer upgraded the shares of CSCO in report on Wednesday, June 21 to “Buy” rating. Jefferies maintained the shares of CSCO in report on Wednesday, August 2 with “Buy” rating. Oppenheimer maintained the shares of CSCO in report on Wednesday, August 16 with “Buy” rating. The stock has “Buy” rating by RBC Capital Markets on Monday, October 9. The rating was maintained by Credit Suisse with “Neutral” on Thursday, November 15.

Among 12 analysts covering OpenText Corporation (NASDAQ:OTEX), 10 have Buy rating, 1 Sell and 1 Hold. Therefore 83% are positive. OpenText Corporation had 27 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Wednesday, November 22 by Macquarie Research. On Thursday, February 16 the stock rating was initiated by Citigroup with “Neutral”. The rating was maintained by RBC Capital Markets with “Buy” on Monday, October 30. The firm earned “Buy” rating on Thursday, February 1 by Scotia Capital. The rating was maintained by RBC Capital Markets on Thursday, February 1 with “Buy”. As per Wednesday, July 12, the company rating was maintained by RBC Capital Markets. The stock of Open Text Corporation (NASDAQ:OTEX) earned “Buy” rating by RBC Capital Markets on Tuesday, September 26. The stock of Open Text Corporation (NASDAQ:OTEX) earned “Overweight” rating by Barclays Capital on Monday, August 6. Barclays Capital maintained the stock with “Overweight” rating in Thursday, February 1 report. The firm has “Buy” rating by TD Securities given on Monday, April 4.

More notable recent Open Text Corporation (NASDAQ:OTEX) news were published by: Seekingalpha.com which released: “OpenText +5.3% on Q4 beats, NessPRO partnership – Seeking Alpha” on August 03, 2018, also Seekingalpha.com with their article: “Open Text Is Opening New Doors – Seeking Alpha” published on June 25, 2018, Prnewswire.com published: “OpenText Brings Enterprise-grade Customer Communications Management to Salesforce AppExchange, the World’s Leading Enterprise Apps Marketplace – PR Newswire” on November 06, 2018. More interesting news about Open Text Corporation (NASDAQ:OTEX) were released by: Nasdaq.com and their article: “Open Text Corporation (OTEX) Ex-Dividend Date Scheduled for August 30, 2018 – Nasdaq” published on August 29, 2018 as well as Fool.ca‘s news article titled: “2 Superb Growth Stocks: 1 to Watch and 1 to Buy – The Motley Fool Canada” with publication date: November 06, 2018.

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

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