Investors Catching Stocks Cisco Systems, Inc. (CSCO)
17 May, 2017, 12:57 | Author: Alicia Barber
The company presently has an average rating of "Buy" and a consensus price target of $35.22. The Laffer Investments holds 32,332 shares with $977,000 value, down from 139,694 last quarter. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 6.26% since October 6, 2016 and is uptrending. The stock was sold at an average price of $34.12, for a total value of $1,180,449.64. Most recently Cisco Systems, Inc. (NASDAQ:CSCO), and cloud firm salesforce.com, inc. It has underperformed by 4.39% the S&P500. Therefore 61% are positive. It's important to note that analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Equity research analysts have given opinions on where they foresees the stock level. Cisco Systems Inc. has $160 highest and $16 lowest target. The company was downgraded on Tuesday, April 5 by Bank of America. Cisco Systems, Inc. (NASDAQ:CSCO)'s price to free cash flow for trailing twelve months is 24.41. See Mercer International Inc.
Investors sentiment decreased to 1.07 in 2016 Q4. In terms of recent volatility, the average for the month is 0.99% and 1.22% for the past week.
Several other institutional investors have also recently modified their holdings of CSCO. Following the sale, the insider now owns 1,220,581 shares of the company's stock, valued at $41,572,988.86. Cannell Peter B reported 0.25% stake. Bancshares Of Ny Mellon Corp holds 0.99% or 113.42M shares in its portfolio. 37,030 were accumulated by Mirador Partners Ltd Partnership. This is a positive change from Cisco Systems's previous quarterly dividend of $0.26. (NASDAQ:CSCO). Cim Investment Mangement owns 29,876 shares for 0.33% of their portfolio. Cardinal Mgmt invested in 1.49% or 129,081 shares. Along with the company's push toward software, this could help the Cisco gain market share going forward. Texas-based Shamrock Asset Limited Liability Corp has invested 0% in Cisco Systems, Inc. (NASDAQ:CSCO) for 604,902 shares. Hennessy Advisors has 322,855 shares. Vetr lowered shares of Cisco Systems from a "strong-buy" rating to a "buy" rating and set a $37.03 price objective on the stock.in a report on Wednesday, April 26th. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. Cisco shares were trading at $30.54 at the beginning of 2017. CHAMBERS JOHN T also sold $10.07 million worth of Cisco Systems, Inc. The company was maintained on Thursday, May 19 by Credit Suisse. As per Wednesday, October 14, the company rating was initiated by Barclays Capital. Cisco Systems (NASDAQ:CSCO) opened at 33.45 on Monday. Stock's weekly performance expressed down trend of -2.73%. Citigroup maintained Cisco Systems, Inc. They now have a United States dollars 40 price target on the stock. (NASDAQ:CSCO) on Wednesday, November 23. On Friday, December 23 Walker Karen sold $54,525 worth of Cisco Systems, Inc. The insider Dedicoat Chris sold $1.18M.
In other Cisco Systems news, SVP Mark D. Chandler sold 16,000 shares of the firm's stock in a transaction on Thursday, March 9th. Cisco Sys Inc now has $175.42 billion valuation. 10,000 shares were sold by MCGEARY RODERICK C, worth $340,700. $102,679 worth of Cisco Systems, Inc.
Hexavest Inc increased Pinnacle West Cap (NYSE:PNW) stake by 12,141 shares to 347,416 valued at $27.11M in 2016Q4. Vaneck Vectors Co L was raised too. Cisco Systems, Inc. P/E (price to earnings) ratio is 17.22 and Forward P/E ratio of 13.41. (NASDAQ:CSCO) during the fourth quarter, according to its most recent disclosure with the SEC. This represents a year-on-year increase of earning per share of $0 from corresponding quarter of last year. Jackson Grant Investment Advisers Inc. now owns 4,250 shares of the network equipment provider's stock worth $128,000 after buying an additional 4,150 shares during the last quarter. "Overall, 31% of revenues are now recurring, the vast majority of which are from the services business", Tim Long of BMO Capital Markets wrote in an earnings preview. The Firm also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It has a 17.68 P/E ratio.
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