Pzena Investment Management LLC lifted its holdings in Cisco Systems by 0.4% during the 3rd quarter.
Cisco Systems Inc. may finally be turning the corner, but not fast enough for its investors. The Saratoga Research & Investment Management holds 1.94 million shares with $74.44 million value, up from 14,380 last quarter. For a total of 237,330 shares it reduced its holding in Amc Networks Inc (NASDAQ:AMCX) by 118,455 shares in the quarter, and has cut its stake in Wellcare Health Plans Inc (NYSE:WCG). The fund owned 18,005 shares of the network equipment provider's stock after selling 29,332 shares during the quarter. Commerce Bank grew its stake in shares of Cisco Systems by 98.0% during the second quarter. Green Square Capital LLC now owns 242,981 shares of the network equipment provider's stock worth $9,306,000 after buying an additional 46,898 shares during the period. Dimensional Fund Advisors LP raised its holdings in Cisco Systems by 6.5% during the third quarter. Geode Capital Management LLC now owns 55,764,986 shares of the network equipment provider's stock valued at $2,131,581,000 after acquiring an additional 909,507 shares during the last quarter.
The prolific corporate acquirers of the startup which previously have used its cash reserves for acquiring different companies have this time chose to serve as the anchor limited-partner investor in this venture. Adjusted profit in the quarter ending in July will be 68 cents to 70 cents a share, while analysts had projected 69 cents. Also, Director Arun Sarin sold 14,189 shares of the business's stock in a transaction on Tuesday, February 20th.
"Big money sentiment for Cisco Systems Inc (NASDAQ:CSCO) in Q4 2017 increased to 1.03, revealed SEC filings". The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The stock closing price is now trading upward to its 50 day moving average with change of 3.49%, escalated to its 20 day moving average with figure of 1.45% and above its 200 day moving average with value 19.12%. The disclosure for this sale can be found here. 20,671 shs were sold by Goeckeler David, worth $940,559.
Cisco Systems, Inc.'s insider ownership stands at 0.1 percent, while its insider transaction is -10.98 percent. (NASDAQ:CSCO). Delta Cap Management Limited reported 2.21% stake. In Tuesday, February 13 report Citigroup maintained it with "Buy" rating and $46 target. Finally, ValuEngine upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Cisco Systems from a "hold" rating to a "buy" rating and set a $50.00 target price on the stock in a research note on Wednesday, February 21st.
In total 23 analysts cover Cisco Systems (NASDAQ:CSCO). The company has an average rating of "Buy" and an average price target of $44.26. CSCO has also 15.55M shares volume. The company has a current ratio of 2.43, a quick ratio of 2.38 and a debt-to-equity ratio of 0.49. Funds hold 3.54 billion shares thus 1.52% less from 2017Q3's 3.60 billion shares. Cisco Systems has a 1-year low of $45.14 and a 1-year high of $45.54. 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.Last it reported negative earnings.
Cisco Systems, Inc. registered $10.28 million net activity with 0 buys and 5 insider sales since December 14, 2017.
Cisco also reported a profit of 56 cents a share, or 66 cents before certain items such as stock compensation and tax benefits, up 10 percent from past year. This repurchase authorization authorizes the network equipment provider to reacquire shares of its stock through open market purchases. Investors of record on Thursday, April 5th will be paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, April 4th.
Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 14th.
Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. 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.now it has negative earnings.