Riverbridge Partners Decreased By $582,666 Its Cisco Systems (CSCO) Holding; Lsi Industries (LYTS) Shorts Raised By 28.91%

June 27, 2018 - By Annabelle Johnson

LSI Industries Inc. (NASDAQ:LYTS) Logo

Riverbridge Partners Llc decreased Cisco Systems Inc. (CSCO) stake by 2.35% reported in 2018Q1 SEC filing. Riverbridge Partners Llc sold 13,873 shares as Cisco Systems Inc. (CSCO)’s stock declined 4.63%. The Riverbridge Partners Llc holds 575,491 shares with $24.68M value, down from 589,364 last quarter. Cisco Systems Inc. now has $201.90B valuation. The stock increased 0.89% or $0.38 during the last trading session, reaching $42.93. About 2.36M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 37.60% since June 27, 2017 and is uptrending. It has outperformed by 25.03% the S&P500. Some Historical CSCO News: 29/05/2018 – Cloudian to Present Media Archive Case Study at Cisco Future of Media Summit 2018; 16/04/2018 – Cisco Doubles Down on Security Innovation and Investment to Protect the Endpoint and Email; 30/04/2018 – Fidelity Capital Appreciation Adds Salesforce, Exits Cisco; 04/04/2018 – CISCO SYSTEMS INC IS CONCERNED TRUMP ADMINISTRATION TARIFFS “MAY HARM AMERICAN CONSUMERS AND THE US ECONOMY MORE THAN IMPACTING ALLEGED CHINESE TRADE PRACTICES” – COMPANY SPOKESWOMAN; 07/03/2018 – Tech Data Adds Cisco Spark and Cisco Umbrella Cloud Solutions to StreamOne Cloud Marketplace; 29/05/2018 – GLOSFER Recruits Former CTO of Cisco, Monique Morrow; 14/05/2018 – Tech Today: Tariff Tweet Turn, Broadcom’s Way Forward, Cisco’s Turnaround — Barron’s Blog; 10/05/2018 – Cisco pulls all online ads from YouTube; 08/05/2018 – LaSalle Solutions renews Cisco TelePresence Video Master Authorization in US; 01/05/2018 – CSCO:ACCOMPANY CEO CHANG TO LEAD CISCO’S COLLABORATION BUSINESS

Lsi Industries Inc (NASDAQ:LYTS) had an increase of 28.91% in short interest. LYTS’s SI was 202,000 shares in June as released by FINRA. Its up 28.91% from 156,700 shares previously. With 91,500 avg volume, 2 days are for Lsi Industries Inc (NASDAQ:LYTS)’s short sellers to cover LYTS’s short positions. The SI to Lsi Industries Inc’s float is 0.8%. The stock decreased 0.19% or $0.01 during the last trading session, reaching $5.38. About 58,486 shares traded. LSI Industries Inc. (NASDAQ:LYTS) has declined 34.68% since June 27, 2017 and is downtrending. It has underperformed by 47.25% the S&P500. Some Historical LYTS News: 26/04/2018 – LSI INDUSTRIES INC QTRLY REPORTED EPS OF $0.01; 23/04/2018 – LSI Industries Names Crawford Lipsey as Interim Pres and Oper Chief; 26/04/2018 – LSI INDUSTRIES INC – “PREVIOUSLY ANNOUNCED SEARCH FOR THE CEO POSITION IS IN PROCESS”; 23/04/2018 – LSI INDUSTRIES NAMES RONALD D. BROWN INTERIM CEO, CRAWFORD; 23/04/2018 – LSI Industries Appoints Brown as Interim CEO After Wells Departure; 26/04/2018 – LSI Industries 3Q EPS 1c; 23/04/2018 – LSI Industries Names Ronald D. Brown as Interim CEO; 23/04/2018 – LSI Industries Inc. Names Ronald D. Brown Interim CEO and Crawford Lipsey as Interim COO; 23/04/2018 – LSI Industries: Dennis W. Wells Departed as Pres and CEO on April 23; 21/04/2018 DJ LSI Industries Inc, Inst Holders, 1Q 2018 (LYTS)

Since May 30, 2018, it had 1 insider buy, and 0 insider sales for $5,640 activity. Another trade for 1,000 shares valued at $5,640 was bought by Lipsey Crawford C..

LSI Industries Inc. provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. The company has market cap of $139.21 million. It operates in three divisions: Lighting, Graphics, and Technology. It currently has negative earnings. The Lighting segment makes and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.

Among 4 analysts covering LSI Industries (NASDAQ:LYTS), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. LSI Industries had 12 analyst reports since August 22, 2015 according to SRatingsIntel. Roth Capital maintained the stock with “Hold” rating in Thursday, October 5 report. TheStreet upgraded the shares of LYTS in report on Saturday, August 22 to “Hold” rating. The company was maintained on Friday, August 18 by Canaccord Genuity. Canaccord Genuity maintained LSI Industries Inc. (NASDAQ:LYTS) rating on Sunday, August 6. Canaccord Genuity has “Buy” rating and $900 target. The company was downgraded on Thursday, August 17 by Roth Capital. Roth Capital downgraded LSI Industries Inc. (NASDAQ:LYTS) rating on Friday, August 4. Roth Capital has “Hold” rating and $700 target. The rating was initiated by TH Capital with “Buy” on Thursday, August 25. On Thursday, November 9 the stock rating was maintained by Roth Capital with “Hold”. The stock of LSI Industries Inc. (NASDAQ:LYTS) has “Hold” rating given on Friday, January 26 by Roth Capital. On Thursday, February 11 the stock rating was initiated by Sidoti with “Buy”.

Investors sentiment decreased to 1.22 in Q1 2018. Its down 0.30, from 1.52 in 2017Q4. It fall, as 9 investors sold LSI Industries Inc. shares while 28 reduced holdings. 20 funds opened positions while 25 raised stakes. 19.03 million shares or 1.41% more from 18.77 million shares in 2017Q4 were reported. California State Teachers Retirement has 0% invested in LSI Industries Inc. (NASDAQ:LYTS) for 37,495 shares. Schwab Charles Inv Mngmt invested in 0% or 47,500 shares. Citigroup Inc stated it has 17,189 shares. Moreover, Jpmorgan Chase & has 0% invested in LSI Industries Inc. (NASDAQ:LYTS). Wealthtrust Axiom Limited Company invested in 2.27% or 766,936 shares. Us State Bank De accumulated 9,436 shares or 0% of the stock. Dimensional Fund Advsr Ltd Partnership accumulated 1.99 million shares. Invesco Limited holds 156,878 shares. 119,194 were reported by D E Shaw. Menta Cap Ltd holds 30,269 shares or 0.05% of its portfolio. First Mercantile Tru has 0.03% invested in LSI Industries Inc. (NASDAQ:LYTS) for 15,365 shares. Moreover, Deprince Race And Zollo has 0.25% invested in LSI Industries Inc. (NASDAQ:LYTS) for 1.31M shares. Financial Bank Of Mellon Corp accumulated 0% or 256,998 shares. Bancorp Of Montreal Can reported 0% stake. Vantage Lc holds 0.01% or 261 shares in its portfolio.

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. has $160 highest and $16 lowest target. $44.20’s average target is 2.96% above currents $42.93 stock price. Cisco Systems Inc. had 173 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, June 13 by Deutsche Bank. RBC Capital Markets maintained it with “Buy” rating and $44.0 target in Sunday, February 11 report. Morgan Stanley maintained the stock with “Overweight” rating in Monday, February 26 report. KeyBanc Capital Markets maintained it with “Buy” rating and $33.0 target in Wednesday, October 11 report. Wunderlich maintained the shares of CSCO in report on Thursday, August 18 with “Hold” rating. The firm has “Buy” rating by Stifel Nicolaus given on Monday, February 8. On Thursday, February 15 the stock rating was maintained by Wells Fargo with “Buy”. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Outperform” rating given on Thursday, February 16 by RBC Capital Markets. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, November 15 report. Citigroup maintained the stock with “Buy” rating in Thursday, August 18 report.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Bizjournals.com which released: “Puppet raises $42M, will continue dramatic global expansion” on June 27, 2018, also Nasdaq.com with their article: “The Walt Disney Studios Selects Cisco as an Innovation Partner of The Walt Disney Studios StudioLAB” published on June 26, 2018, Seekingalpha.com published: “Cisco Systems Is Ripe For A Pullback” on June 18, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Nasdaq.com and their article: “We Could Make 52% From Cisco In 7 Months Or Less” published on June 04, 2018 as well as Globenewswire.com‘s news article titled: “Cisco Announces June 2018 Events with the Financial Community” with publication date: May 30, 2018.

Riverbridge Partners Llc increased Paylocity Holding Corp. (NASDAQ:PCTY) stake by 12,285 shares to 697,409 valued at $35.73 million in 2018Q1. It also upped Wageworks Inc. (NYSE:WAGE) stake by 27,893 shares and now owns 1.15 million shares. Praxair Inc. (NYSE:PX) was raised too.

Investors sentiment decreased to 0.73 in 2018 Q1. Its down 0.30, from 1.03 in 2017Q4. It dived, 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. Beech Hill Advisors has 105,601 shares. Pinebridge Limited Partnership accumulated 399,467 shares. Honeywell Inc stated it has 1.38% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Miracle Mile Ltd Liability Com has invested 0.04% in Cisco Systems, Inc. (NASDAQ:CSCO). Ferguson Wellman Capital Management invested in 2.93% or 1.92 million shares. Bbva Compass Bank Inc invested in 436,310 shares or 1.21% of the stock. Keybank Association Oh reported 2.55 million shares or 0.65% of all its holdings. Salem Cap accumulated 193,025 shares or 4.5% of the stock. Brown Brothers Harriman And holds 0.03% or 120,842 shares in its portfolio. Of Toledo Na Oh holds 1.02% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 90,273 shares. The Wisconsin-based North Star Asset Mgmt has invested 0.31% in Cisco Systems, Inc. (NASDAQ:CSCO). Kanawha Ltd Liability Corp invested in 226,880 shares or 1.47% of the stock. Millennium Mgmt Lc reported 0.16% in Cisco Systems, Inc. (NASDAQ:CSCO). Garrison Finance Corporation invested 0.32% in Cisco Systems, Inc. (NASDAQ:CSCO). Mogy Joel R Invest Counsel reported 526,996 shares stake.

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