Cisco Systems, Inc. (NASDAQ:CSCO) reported Market Capitalization of 168.58 Billion

Marco Green
October 9, 2017

Cisco Systems, Inc. designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. (NASDAQ:CSCO) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company.

Valuation Ratios of Cisco Systems, Inc.

Mitsubishi Ufj Trust & Bk holds 10.78M shares. Seven Eight Capital LP acquired a new stake in shares of Cisco Systems during the fourth quarter valued at about $112,000. The institutional investor owned 215,045 shares of the network equipment provider's stock after selling 12,792 shares during the quarter. Pioneer Investment Management Inc. lifted its position in Cisco Systems by 5.2% during the first quarter. Curbstone Financial Management Corp bolstered its holdings by buying 37,327 shares an increase of 100.7% in the quarter. Riggs Asset Managment Co.

Cisco Systems, Inc. (NASDAQ:CSCO) has a 20-day RSI of 62.08%. The Matrix Asset Advisors Inc holds 266,252 shares with $21.42M value, up from 252,182 last quarter. Finally, Thompson Davis & CO. Wells Fargo maintained Cisco Systems, Inc. Swedbank now owns 6,744,329 shares of the network equipment provider's stock worth $211,097,000 after purchasing an additional 778,863 shares in the last quarter. (NASDAQ:CSCO) opened at 33.75 on Friday. The stock has a 50 day moving average price of $32.39 and a 200 day moving average price of $32.37.

The company now has a P/E ratio of 17.76 and the market value is 167.13B. The value of the company's investment in Cisco Systems, Inc. increased from $835,000 to $918,000 a change of 9.9% quarter to quarter. They expect $-0.08 EPS, down 60.00% or $0.03 from last year's $-0.05 per share.

14 number of analysts have estimated the sales of the company for the quarter ending Nov 15, 2017, analysts estimated mean sale target of 12242.8 million while high and low sale targets are estimated at 12790 million and 11786 million respectively. The company's revenue for the quarter was down 4.0% compared to the same quarter a year ago. The company's revenue for the quarter was down 4.0% on a year-over-year basis. As of the last earnings report the EPS was $1.90 and is estimated to be $2.43 for the current year with 4,951,956,000 shares now outstanding. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: "Cisco Systems: Bulls, Here It Comes" on September 22, 2017, also Finance.Yahoo.com with their article: "Cisco Systems Completes Springpath Acquisition, Eyes NetApp" published on September 25, 2017, Finance.Yahoo.com published: "Cisco Systems, Inc". Hsbc Hldgs Pcl invested in 0.54% or 9.41M shares. The dividend will be $0.290 per share for the quarter or $1.16 annualized. The ex-dividend date of this dividend is Wednesday, October 4th. Cisco Systems's payout ratio is now 60.73%. UBS maintained Cisco Systems, Inc. "(CSCO) Shares Bought by Steinberg Global Asset Management" was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of USA and global copyright & trademark legislation. The legal version of this piece can be read at https://www.dispatchtribunal.com/2017/10/09/cisco-systems-csco-hold-rating-reiterated-at-credit-suisse-group.html. Also, SVP Karen Walker sold 23,110 shares of the firm's stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction of $821,954.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The stock was sold at an average price of $32.43, for a total value of $2,107,950.00. The disclosure for this sale can be found here. Traders use price and volume data to predict performance and time their positions. The stock has been active on the tape, now trading at $33.75, up from yesterday's close by 0.48%. It improved, as 90 investors sold CSCO shares while 594 reduced holdings. Drexel Hamilton reaffirmed a "buy" rating and set a $39.00 price objective on shares of Cisco Systems in a research note on Sunday, June 25th. Berenberg Bank set a $33.00 target price on Cisco Systems and gave the stock a "hold" rating in a report on Saturday, July 1st. Oppenheimer maintained it with "Outperform" rating and $160 target in Friday, February 12 report. Finally, Vetr lowered Cisco Systems from a "buy" rating to a "hold" rating and set a $34.13 target price on the stock.in a report on Monday, September 25th.

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