A number of other large investors have recently changed their equity positions. First Merchants Corp increased its position in Cisco Systems equities by 1.6% in the third quarter. First Merchants Corp. now owns 133,446 shares in the network equipment supplier worth $ 6,492,000 after acquiring an additional 2,155 shares during the period. Moloney Securities Asset Management LLC increased its position in Cisco Systems shares by 4.5% in the third quarter. Moloney Securities Asset Management LLC now holds 30,577 shares in the network equipment supplier valued at $ 1,488,000 after acquiring 1,319 additional shares during the period. Capital Advisors Ltd. LLC increased its position in Cisco Systems shares by 1,321.3% in the third quarter. Capital Advisors Ltd. LLC now owns 6,282 shares of a network equipment supplier worth $ 306,000 after acquiring 5,840 additional shares during the period. AMG National Trust Bank increased its Cisco Systems equity position by 1.2% in the third quarter. AMG National Trust Bank now holds 99,538 shares in the network equipment supplier, valued at $ 4,843,000, following the acquisition of 1,157 additional shares during the period. Finally, Fisher Asset Management LLC increased its position in Cisco Systems shares by 11.9% in the third quarter. Fisher Asset Management LLC now holds 20,099,819 shares in the network equipment supplier, worth $ 977,856,000, following the acquisition of an additional 2,129,952 shares during the period. Hedge funds and other institutional investors hold 69.25% of the shares of the company.
A number of research companies have recently published reports on CSCO. Nomura downgraded Cisco Systems shares from a "buy" rating to a "neutral" rating and set a target price of $ 50.00 for the company. in a research report on Friday, December 14th. Wolfe Research began hedging Cisco Systems shares in a research note on Tuesday, December 11th. They established the ranking of "defeat" for society. Robert W. Baird reissued a "maximum performance" rating and set a target price of $ 53.00 in Cisco Systems shares in a research note on Thursday, November 29th. Raymond James has raised its Cisco Systems stock price target from $ 50.00 to $ 52.00 On Thursday, November 15, KeyCorp raised its Cisco Systems stock price target from $ 52.00 to $ 53.00 $ and attributed to these shares an "overweight" rating in a research note Thursday, November 15th. Eight analysts assigned a retention rating to the title, twenty-three rated the purchase, and one rated the purchase high. The stock has a "buy" consensus rating and an average target price of $ 51.05.
In another Cisco Systems news, CFO Kelly A. Kramer sold 70,000 shares of Cisco Systems in a transaction on Thursday, Nov. 29. The shares were sold at an average price of $ 47.44, for a total value of $ 3,320,800.00. After the transaction, the CFO now holds 492,301 shares of the company, valued at approximately $ 23,354,759.44. The sale was made public in a document filed with the SEC, accessible via the SEC's website. In addition, the EVP Mark D. Chandler sold 4,373 shares of Cisco Systems shares in a transaction that took place on Friday, November 23. The shares were sold at an average price of $ 44.89, for a total of $ 196,303.97. The disclosure of this sale can be found here. During the last quarter, members of the Company sold 166,067 shares of the Company for a value of $ 7,804,662. 0.03% of the shares belong to members of the company.
CSCO shares opened at $ 43.49 on Friday. The company has a market capitalization of $ 208.69 billion, a price / earnings ratio of 18.59, a PEG ratio of 2.54 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.11 and a fast ratio of 2.05. Cisco Systems, Inc. has a minimum of one year of 37.35 USD and a maximum of one year of 49.47 USD.
Cisco Systems (NASDAQ: CSCO) released its financial results on Wednesday, November 14. The network equipment provider reported EPS of $ 0.75 for the quarter, exceeding Thomson Reuters consensus estimate of $ 0.72 to $ 0.03. The company generated $ 13,070 million in revenue in the quarter, compared to $ 12,860 million expected by analysts. Cisco Systems had a net margin of 2.52% and a return on capital of 25.58%. Cisco Systems revenue for the quarter increased 7.7% year-over-year. During the same period last year, the company had EPS of $ 0.61. As a group, sales analysts expect Cisco Systems, Inc. to publish 2.7 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 23. Shareholders of record on Friday, January 4 will receive a dividend of $ 0.33. The ex-dividend date of this dividend is Thursday, January 3. This represents a dividend of $ 1.32 on an annualized basis and a return of 3.04%. The Cisco Systems Dividend Payment Index (DPR) is currently 56.41%.
Cisco Systems Profile
Cisco Systems, Inc. designs, manufactures, and sells Internet protocol-based networks and other products related to the communications and information technology sector worldwide. The company offers switching products; Routing products interconnecting public and private wired and mobile networks; data center products; and wireless access points for use in voice, video and data applications.
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