Short traders are more bullish on the company lately if you pay attention to the change in short interest. Its stake was worth $566,575,000 an increase of 6.4% according to the filing. (NASDAQ:CSCO). Pinebridge Invests LP holds 0.37% of its portfolio in Cisco Systems, Inc.
Other institutional investors and hedge funds also recently bought and sold shares of the company.
Cisco Systems, Inc. value Change from Open was at 0.27% with a Gap of -0.38%. Fisher Asset Management LLC now owns 16,076,117 shares of the network equipment provider's stock worth $503,182,000 after acquiring an additional 382,211 shares in the last quarter. Boston Partners increased its holdings in shares of Cisco Systems by 304.2% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Harel Insurance Investments & Financial Services Ltd. raised its stake in Cisco Systems by 2.0% in the second quarter. Ltd. now owns 4,300 shares of the network equipment provider's stock valued at $145,000 after buying an additional 560 shares during the period. Pioneer Investment Management Inc. now owns 9,068,611 shares of the network equipment provider's stock worth $283,847,000 after buying an additional 809,863 shares in the last quarter. Davenport & Company Llc acquired 80,826 shares as Csco (CSCO)'s stock declined 7.50%. It is positive, as 90 investors sold CSCO shares while 594 reduced holdings. The legal version of this story can be read at https://stocknewstimes.com/2017/11/14/duff-phelps-investment-management-co-sells-3900-shares-of-cisco-systems-inc-csco.html. Finally, Berenberg Bank set a $33.00 price target on Cisco Systems and gave the stock a "hold" rating in a research report on Thursday, August 17th. Deutsche Bank AG reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Cisco Systems in a research note on Wednesday, September 6th. BMO Capital Markets reiterated a "hold" rating and issued a $32.00 price target on shares of Cisco Systems in a research report on Thursday, September 28th.
On November 3 Cowen and Company held the stock rating at "Buy" targeting a price of $38.00.
On October 31 Oppenheimer Holdings made no change to the company rating of "Buy" projecting a price of $36.00. Also, SVP Karen Walker sold 23,110 shares of the firm's stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.43, for a total transaction of $2,107,950.00. Following the transaction, the insider now owns 729,305 shares in the company, valued at $22,710,557.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The disclosure for this sale can be found here. During the same period a year ago, the company earned $0.59 earnings per share.
Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.75. (NASDAQ:CSCO) has "Buy" rating given on Tuesday, October 10 by Piper Jaffray. The company has market cap of $911.76 million. Garrison Corp holds 0.22% in Cisco Systems, Inc. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since November 14, 2016 and is uptrending. As of the last earnings report the EPS was $1.90 with 4.95B shares presently outstanding. The company had revenue of $12.13 billion during the quarter, compared to analysts' expectations of $12.07 billion.
The 20-day Simple Moving average for Cisco Systems, Inc. The business's quarterly revenue was down 4.0% compared to the same quarter previous year. During the same period in the prior year, the business posted $0.63 EPS. sell-side analysts anticipate that Cisco Systems, Inc. will post 2.18 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Thursday, October 5th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.42%. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: "Cisco: What Matters Most Ahead Of Earnings" published on November 08, 2017 as well as Fool.com's news article titled: "Oracle vs. Cisco by the numbers" with publication date: October 17, 2017. Cisco Systems's payout ratio is 60.73%. (NASDAQ:CSCO) has "Buy" rating given on Monday, August 7 by Robert W. Baird.
Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Firm operates through three geographic divisions: Americas; Europe, the Middle East and Africa, and Asia Pacific, Japan and China (APJC).