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Acacia Research (ACTG) Reaches $3.30 After 6.00% Down Move; Profile of 26 Analysts Covering Cisco Systems, Inc. (CSCO)

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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 155 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Wednesday, September 14 with “Buy”. Morgan Stanley maintained the shares of CSCO in report on Monday, February 26 with “Overweight” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, August 18. On Thursday, August 13 the stock rating was maintained by Goldman Sachs with “Buy”. As per Thursday, March 22, the company rating was maintained by BMO Capital Markets. The rating was maintained by Wells Fargo on Wednesday, August 5 with “Buy”. On Tuesday, November 14 the stock rating was initiated by Wells Fargo with “Buy”. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Thursday, August 18 by Deutsche Bank. The rating was maintained by Nomura on Thursday, November 16 with “Neutral”. The rating was maintained by Bernstein with “Buy” on Tuesday, September 1. See Cisco Systems, Inc. (NASDAQ:CSCO) latest ratings:

23/03/2018 Broker: Goldman Sachs Rating: Buy Upgrade
22/03/2018 Broker: BMO Capital Markets Rating: Hold Maintain
14/03/2018 Broker: Stifel Nicolaus Rating: Hold Maintain
26/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $46 New Target: $50 Maintain
15/02/2018 Broker: Raymond James Rating: Buy New Target: $50.0 Maintain
15/02/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $52 New Target: $55 Maintain
15/02/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $46.0 Maintain
15/02/2018 Broker: Jefferies Rating: Buy New Target: $48.0 Maintain
15/02/2018 Broker: Wells Fargo Rating: Buy New Target: $52.0 Maintain
15/02/2018 Broker: KeyBanc Capital Markets Rating: Buy New Target: $49.0 Maintain

The stock of Acacia Research Corporation (NASDAQ:ACTG) is a huge mover today! The stock decreased 6.38% or $0.225 during the last trading session, reaching $3.3. About 270,683 shares traded or 14.01% up from the average. Acacia Research Corporation (NASDAQ:ACTG) has declined 38.53% since April 16, 2017 and is downtrending. It has underperformed by 50.08% the S&P500.The move comes after 6 months negative chart setup for the $167.11M company. It was reported on Apr, 16 by Barchart.com. We have $3.10 PT which if reached, will make NASDAQ:ACTG worth $10.03M less.

Among 3 analysts covering Acacia Research (NASDAQ:ACTG), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Acacia Research has $12 highest and $4.0 lowest target. $5.67’s average target is 71.82% above currents $3.3 stock price. Acacia Research had 10 analyst reports since August 20, 2015 according to SRatingsIntel. On Friday, July 29 the stock rating was maintained by Barclays Capital with “Underweight”. The stock of Acacia Research Corporation (NASDAQ:ACTG) earned “Buy” rating by Northland Capital on Friday, October 27. Northland Capital maintained it with “Buy” rating and $6.0 target in Wednesday, September 6 report. The stock of Acacia Research Corporation (NASDAQ:ACTG) earned “Buy” rating by Lake Street on Wednesday, December 23. The stock of Acacia Research Corporation (NASDAQ:ACTG) earned “Buy” rating by Northland Capital on Monday, July 10. Northland Capital upgraded Acacia Research Corporation (NASDAQ:ACTG) on Monday, May 23 to “Outperform” rating. The stock of Acacia Research Corporation (NASDAQ:ACTG) earned “Underweight” rating by Barclays Capital on Tuesday, January 5.

Investors sentiment increased to 1.07 in Q4 2017. Its up 0.03, from 1.04 in 2017Q3. It is positive, as 11 investors sold Acacia Research Corporation shares while 30 reduced holdings. 20 funds opened positions while 24 raised stakes. 31.81 million shares or 4.05% less from 33.15 million shares in 2017Q3 were reported. Citigroup invested in 0% or 7,868 shares. D E Shaw & Inc stated it has 146,078 shares. Int Gp Inc holds 0% or 33,339 shares in its portfolio. Spark Mngmt Ltd Com holds 0.02% of its portfolio in Acacia Research Corporation (NASDAQ:ACTG) for 71,200 shares. Vanguard Gp Inc owns 2.02M shares. Gsa Capital Prns Limited Liability Partnership invested 0.08% in Acacia Research Corporation (NASDAQ:ACTG). Jpmorgan Chase & reported 102,286 shares. Legal And General Gp Public Ltd has invested 0% in Acacia Research Corporation (NASDAQ:ACTG). Cwm Ltd Llc reported 1.93M shares. Tiaa Cref Inv Ltd holds 0% in Acacia Research Corporation (NASDAQ:ACTG) or 298,948 shares. Leisure Mgmt holds 0.11% or 33,671 shares. Nj State Employees Deferred Compensation Plan invested in 0.04% or 50,000 shares. Axa has invested 0% in Acacia Research Corporation (NASDAQ:ACTG). National Bank Of America Corporation De reported 8,159 shares or 0% of all its holdings. Parametric Assocs Ltd Co reported 22,075 shares stake.

Acacia Research Corporation, through its subsidiaries, invests in, develops, licenses, and enforces patented technologies in the United States. The company has market cap of $167.11 million. It assists patent owners with the prosecution and development of their patent portfolios; the protection of their patented inventions from unauthorized use; the generation of licensing revenue from users of their patented technologies; and enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation. It has a 7.52 P/E ratio. The firm owns or controls the rights to various patent portfolios, which include the United StatesÂ’ patents and foreign counterparts covering technologies used in various industries.

Analysts await Acacia Research Corporation (NASDAQ:ACTG) to report earnings on May, 3. They expect $-0.04 EPS, up 69.23% or $0.09 from last year’s $-0.13 per share. After $-0.02 actual EPS reported by Acacia Research Corporation for the previous quarter, Wall Street now forecasts 100.00% negative EPS growth.

Since February 15, 2018, it had 6 insider purchases, and 0 selling transactions for $242,218 activity. GRAZIADIO G LOUIS III bought $13,638 worth of stock.

Investors sentiment increased to 1.03 in 2017 Q4. Its up 0.01, from 1.02 in 2017Q3. It improved, as 51 investors sold Cisco Systems, Inc. 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. Mercer Cap Advisers Incorporated invested in 4,725 shares or 0.13% of the stock. 2,393 were reported by Earnest Prns Limited Liability Co. M owns 61,956 shares. Stonebridge holds 3.23% or 222,309 shares in its portfolio. Aureus Asset Mgmt Ltd Liability Co owns 39,694 shares. Buckingham Asset Mgmt Limited Com holds 64,741 shares. Modera Wealth Management Limited Liability Corporation owns 10,821 shares or 0.09% of their US portfolio. 11,133 are held by Dillon Assocs. Aviance Capital Management Lc stated it has 6,397 shares. Cornerstone Invest Ltd Liability Company, a Georgia-based fund reported 5.11 million shares. Torray holds 1.96% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 518,723 shares. Trust Lc, a New Hampshire-based fund reported 27,250 shares. Trust Asset Ltd Company has 4,524 shares for 0.06% of their portfolio. Fund Evaluation Gru Ltd reported 0.34% in Cisco Systems, Inc. (NASDAQ:CSCO). Next Grp Inc holds 35,555 shares or 0.58% of its portfolio.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company has market cap of $208.60 billion. The firm offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications. It currently has negative earnings. It also provides collaboration products comprising unified communications products, conferencing products, collaboration endpoints, and business messaging products; data center products, such as blade and rack servers, series, fabric interconnects, and management software solutions; wireless products consisting of wireless access points, WLAN controllers, cloud and appliances based services, and integrated software services.

Since December 14, 2017, it had 0 insider buys, and 5 insider sales for $10.28 million activity. BURNS M MICHELE sold $550,153 worth of stock or 12,126 shares. BARTZ CAROL sold $7.59M worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, December 14. SARIN ARUN sold $625,751 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, February 20. 20,671 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $940,559 were sold by Goeckeler David. 15,230 shares were sold by MCGEARY RODERICK C, worth $578,740 on Thursday, December 14.

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

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