Cisco Systems, Inc. (CSCO)
- Author: Fernando Stephens May 17, 2017,
May 17, 2017, 12:59
Similar statistics are true for the second largest owner, Blackrock Inc., which owns 339,316,584 shares of the stock are valued at $11.35 billion. TX's holdings in Cisco Systems were worth $16,607,000 as of its most recent filing with the SEC. State Street Corp increased its stake in Cisco Systems by 2.8% in the fourth quarter. FMR LLC boosted its stake in Cisco Systems by 1.4% in the fourth quarter. Finally, Northern Trust Corp boosted its stake in Cisco Systems by 1.1% in the third quarter. Institutional investors and hedge funds own 75.24% of the company's stock.
On 15 May 2017, Icahn Enterprises L.P. (NASDAQ:IEP) shares moved to $51.61 after starting the day at $49.80. The stock has a market cap of $171.77 billion, a price-to-earnings ratio of 17.68 and a beta of 1.36.
Let's also take a brief look at the stock price in relation to some highs/lows and moving averages. (NASDAQ:CSCO) to report earnings on May, 17 after the close. The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 1.8%. (NASDAQ:CSCO)'s revenue estimates for the current quarter are $11.9B meanwhile the company has high revenue estimates of $12.13B in contradiction of low revenue estimates of $11.78B. During the same period past year, the firm posted $0.57 earnings per share. Vetr cut Cisco Systems from a "hold" rating to a "sell" rating and set a $31.80 price target on the stock.in a research note on Thursday, February 16th. Cisco also pays a dividend. Shareholders of record on Thursday, April 6th were given a dividend of $0.29 per share.
Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $35.84 on the stock, this valuation is based on 29 number of opinions with standard deviation of 2.79. Moreover, Fragasso Grp Incorporated has 0.51% invested in Cisco Systems, Inc. As per Tuesday, April 26, the company rating was initiated by Standpoint Research.
"ILLEGAL ACTIVITY NOTICE: "[[title]]" was first reported by [[site]] and is the property of of [[site]]. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and worldwide trademark and copyright laws. (NASDAQ:CSCO), with 13 analysts believing it is a strong buy. Barclays Capital maintained Cisco Systems, Inc.
While looking at the Stock's Performance, Cisco Systems, Inc. now shows a Weekly Performance of -2.73%, where Monthly Performance is 2.54%, Quarterly performance is 7.08%, 6 Months performance is 8.52% and yearly performance percentage is 29.83%.
Analysts are also projecting an Average Revenue Estimate for Cisco Systems, Inc.as $27000 in the Current Quarter. The correct version of this story can be accessed at https://transcriptdaily.com/2017/05/17/canal-insurance-co-continues-to-hold-stake-in-cisco-systems-inc-csco-updated-updated.html.
With these kinds of figures it is worthy to note that Cisco Systems, Inc. Deutsche Bank maintained the stock with "Buy" rating in Monday, January 4 report. The median target of analyst views collected by Yahoo Finance was as much as $1.77 below CSCO's recent stock price.
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.
In the transaction dated February 23, 2017, the great number of shares disposed came courtesy the Director; SARIN ARUN disposed a total of 13,869 shares at an average price of $34.06, amounting to approximately $472,378. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Laffer Investments increased Home Depot Inc (NYSE:HD) stake by 3,190 shares to 30,770 valued at $4.13 million in 2016Q4.
"As the IDC independent customer survey results show, the combination of SAP HANA on Cisco UCS offers our enterprise customers powerful business applications, analytics, and ERP", said Liz Centoni, senior vice president and general manager for Cisco's Computing Systems Group. Following the transaction, the director now owns 3,700 shares of the company's stock, valued at approximately $125,504. The disclosure for this purchase can be found here. Insiders have sold a total of 371,807 shares of company stock worth $12,668,893 over the last 90 days.