Cisco Sys (CSCO) Shareholder Diligent Investors Has Trimmed Its Stake by $398,916 as Share Price Declined; Movado Group (MOV) Shares Rose While Landscape Capital Management Cut Stake

August 10, 2018 - By Megan Stone

Cisco Systems, Inc. (NASDAQ:CSCO) Logo

Landscape Capital Management Llc decreased its stake in Movado Group Inc (MOV) by 56.99% based on its latest 2018Q1 regulatory filing with the SEC. Landscape Capital Management Llc sold 15,300 shares as the company’s stock rose 27.54% while stock markets declined. The hedge fund held 11,549 shares of the consumer specialties company at the end of 2018Q1, valued at $443,000, down from 26,849 at the end of the previous reported quarter. Landscape Capital Management Llc who had been investing in Movado Group Inc for a number of months, seems to be less bullish one the $1.17 billion market cap company. The stock decreased 0.84% or $0.43 during the last trading session, reaching $50.62. About 1,117 shares traded. Movado Group, Inc. (NYSE:MOV) has risen 83.97% since August 10, 2017 and is uptrending. It has outperformed by 71.40% the S&P500. Some Historical MOV News: 30/05/2018 – MOVADO GROUP INC – RAISES FISCAL 2019 OUTLOOK; 29/03/2018 – Movado 4Q Loss $33.9M; 30/05/2018 – MOVADO 1Q ADJ EPS 37C, EST. 11C; 29/03/2018 – Movado Raises Dividend to 20c; 30/05/2018 – MOVADO GROUP -FISCAL 2019 OUTLOOK EXCLUDES AMORTIZATION OF ACQUIRED INTANGIBLE ASSETS FOR FISCAL 2019 RELATED TO OLIVIA BURTON BRAND; 29/03/2018 – Movado Recorded a $45M Provisional Tax Expense Related to the 2017 Tax Act; 29/03/2018 – MOVADO GROUP INC MOV.N SEES FY 2019 SHR $2.15 TO $2.25; 29/03/2018 – MOVADO GROUP INC MOV.N SEES FY 2019 SALES $605 MLN TO $615 MLN; 29/03/2018 – Movado Beats Profit And Sales Expectations, Boosts Dividend 54% — MarketWatch; 29/03/2018 – Movado 4Q Loss/Shr $1.47

Diligent Investors Llc decreased its stake in Cisco Sys Inc (CSCO) by 21.97% based on its latest 2018Q1 regulatory filing with the SEC. Diligent Investors Llc sold 9,498 shares as the company’s stock declined 4.63% with the market. The institutional investor held 33,726 shares of the technology company at the end of 2018Q1, valued at $1.45M, down from 43,224 at the end of the previous reported quarter. Diligent Investors Llc who had been investing in Cisco Sys Inc for a number of months, seems to be less bullish one the $206.50 billion market cap company. The stock increased 0.30% or $0.13 during the last trading session, reaching $43.91. About 557,597 shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 37.60% since August 10, 2017 and is uptrending. It has outperformed by 25.03% the S&P500. Some Historical CSCO News: 16/05/2018 – Cisco Sales, Profit Lifted by Corporate Spending on Networks; 21/03/2018 – Cisco Collaborates on Phones with American Council of the Blind; 03/04/2018 – Vology Achieves Cisco Gold Partner Status; 18/04/2018 – FACTBOX-U.S. companies with exposure to Russia; 11/04/2018 – Cisco, Researchers Develop New Security Techniques to Thwart Quantum Attacks; 22/05/2018 – Tech Data Launches New Digital Platform to Enable Cisco Partners of the Future; 29/05/2018 – CenturyLink is the first to secure all certifications for Cisco Powered cloud and managed DNA services worldwide; 04/04/2018 – Consumer tech gets reprieve as U.S., China spar over tariffs; 23/05/2018 – Cisco said the largest number of infections from the VPNFilter malware were in Ukraine, which led it to believe Russia was planning an attack on that country; 16/05/2018 – CISCO 3Q ADJ EPS 66C, EST. 65C

Among 3 analysts covering Movado Group (NYSE:MOV), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Movado Group had 9 analyst reports since August 17, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Hold” on Monday, August 17. The rating was maintained by Cowen & Co with “Hold” on Tuesday, November 21. The rating was upgraded by Zacks on Thursday, August 27 to “Sell”. Sidoti downgraded the shares of MOV in report on Thursday, December 15 to “Neutral” rating. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 11 with “Hold”. The rating was maintained by Cowen & Co on Monday, April 9 with “Hold”. Sidoti upgraded the shares of MOV in report on Monday, January 30 to “Buy” rating. KeyBanc Capital Markets maintained Movado Group, Inc. (NYSE:MOV) on Tuesday, November 21 with “Hold” rating. Sidoti initiated the shares of MOV in report on Friday, February 19 with “Buy” rating.

Since February 13, 2018, it had 0 insider purchases, and 22 selling transactions for $19.75 million activity. HOWARD ALAN H sold 7,500 shares worth $368,376. 10,000 shares were sold by Morelli Francis Anthony, worth $376,085. GRINBERG ALEXANDER sold $67,785 worth of stock.

Investors sentiment decreased to 1.09 in 2018 Q1. Its down 0.17, from 1.26 in 2017Q4. It dropped, as 8 investors sold MOV shares while 58 reduced holdings. 30 funds opened positions while 42 raised stakes. 14.41 million shares or 1.58% less from 14.64 million shares in 2017Q4 were reported. Shell Asset has invested 0.02% in Movado Group, Inc. (NYSE:MOV). 5,669 are held by Cubist Systematic Strategies Limited Co. Royal Fincl Bank Of Canada stated it has 32,910 shares or 0% of all its holdings. Credit Suisse Ag reported 0% in Movado Group, Inc. (NYSE:MOV). Pdts Ltd Liability Corp holds 9,445 shares or 0.01% of its portfolio. Jane Street Grp Incorporated Ltd Liability Com holds 5,727 shares. Bnp Paribas Arbitrage Sa holds 6,710 shares. Ls Inv Advsrs Limited Liability Company reported 0% in Movado Group, Inc. (NYSE:MOV). Alphaone Inv Limited Co owns 137,516 shares for 1.45% of their portfolio. 58,172 were accumulated by Hotchkis & Wiley Mngmt Limited Liability Corp. Metropolitan Life Co Ny reported 0% of its portfolio in Movado Group, Inc. (NYSE:MOV). Jacobs Levy Equity Inc invested in 0.01% or 9,431 shares. Swiss Bank has 27,000 shares. 40,066 are owned by Systematic Finance Lp. Moreover, Mufg Americas Holding Corporation has 0% invested in Movado Group, Inc. (NYSE:MOV) for 391 shares.

Landscape Capital Management Llc, which manages about $258.27M and $1.41 billion US Long portfolio, upped its stake in American Airls Group Inc (NASDAQ:AAL) by 8,702 shares to 25,408 shares, valued at $1.32M in 2018Q1, according to the filing. It also increased its holding in American Outdoor Brands Corp by 93,777 shares in the quarter, for a total of 180,562 shares, and has risen its stake in Nuveen Pennsylvania Qlt Mun (NQP).

Analysts await Movado Group, Inc. (NYSE:MOV) to report earnings on September, 4. They expect $0.45 earnings per share, up 4.65% or $0.02 from last year’s $0.43 per share. MOV’s profit will be $10.39 million for 28.12 P/E if the $0.45 EPS becomes a reality. After $0.37 actual earnings per share reported by Movado Group, Inc. for the previous quarter, Wall Street now forecasts 21.62% EPS growth.

Since February 20, 2018, it had 0 insider purchases, and 4 insider sales for $3.63 million activity. Shares for $550,153 were sold by BURNS M MICHELE. $625,751 worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by SARIN ARUN on Tuesday, February 20.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on August, 15 after the close. They expect $0.63 EPS, up 14.55% or $0.08 from last year’s $0.55 per share. CSCO’s profit will be $2.96B for 17.42 P/E if the $0.63 EPS becomes a reality. After $0.60 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 5.00% EPS growth.

Investors sentiment decreased to 0.73 in Q1 2018. Its down 0.30, from 1.03 in 2017Q4. It dropped, as 66 investors sold CSCO shares while 798 reduced holdings. 170 funds opened positions while 464 raised stakes. 3.40 billion shares or 4.18% less from 3.54 billion shares in 2017Q4 were reported. Wellcome Ltd (The) As Trustee Of The Wellcome holds 4.19% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 6.50 million shares. Front Barnett Associates Limited Liability Co holds 0.35% in Cisco Systems, Inc. (NASDAQ:CSCO) or 48,421 shares. Warren Averett Asset Mgmt Limited holds 0.08% or 10,951 shares. Patten & Patten Tn has 1.31% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 299,512 shares. State Of Alaska Department Of Revenue reported 523,345 shares. Sei Invs owns 3.33M shares for 0.55% of their portfolio. The United Kingdom-based Rathbone Brothers Public Ltd Company has invested 0.09% in Cisco Systems, Inc. (NASDAQ:CSCO). Arrow Fincl Corporation owns 0.17% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 17,395 shares. 13.09M were accumulated by Yacktman Asset Mgmt L P. Murphy Capital Management Inc invested in 0.36% or 59,357 shares. First City Mngmt accumulated 0.67% or 20,894 shares. Rfg Advisory Group Limited Liability Company owns 22,308 shares for 0.36% of their portfolio. Neuberger Berman Grp Inc Limited Liability Corp stated it has 11.13M shares or 0.55% of all its holdings. Philadelphia Com invested in 264,273 shares. Univest Corp Of Pennsylvania invested in 15,009 shares or 0.28% of the stock.

Diligent Investors Llc, which manages about $191.78 million and $166.07M US Long portfolio, upped its stake in Powershares Etf Tr Ii (PHB) by 148,367 shares to 160,688 shares, valued at $2.97 million in 2018Q1, according to the filing. It also increased its holding in Schwab Strategic Tr (SCHO) by 29,092 shares in the quarter, for a total of 34,740 shares, and has risen its stake in Spdr Series Trust (PSK).

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 174 analyst reports since August 4, 2015 according to SRatingsIntel. As per Tuesday, August 15, the company rating was maintained by Drexel Hamilton. The company was downgraded on Tuesday, May 9 by BMO Capital Markets. Robert W. Baird maintained the shares of CSCO in report on Friday, October 13 with “Buy” rating. The stock has “Buy” rating by Credit Suisse on Thursday, June 29. The rating was maintained by Bernstein on Thursday, June 29 with “Buy”. On Thursday, March 22 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Wednesday, August 2 by Jefferies. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, November 15 report. The stock has “Buy” rating by RBC Capital Markets on Tuesday, June 20. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Underperform” rating by Credit Suisse on Thursday, May 19.

Movado Group, Inc. (NYSE:MOV) Institutional Positions Chart

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