This will happen in the third quarter of 2018, and the company will benefit from recent changes in USA tax law. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider's stock valued at $11,021,378,000 after acquiring an additional 7,411,891 shares during the period. Cisco Systems comprises about 1.5% of Olstein Capital Management L.P.'s investment portfolio, making the stock its 16th biggest position. Cobblestone Capital Advisors LLC NY's holdings in Cisco Systems were worth $1,087,000 at the end of the most recent quarter.
Institutional investors and hedge funds have recently bought and sold shares of the business. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Cisco Systems in a research note on Tuesday, October 24th. Sg Americas Securities Ltd Limited Liability Company owns 1,226 shares or 0% of their U.S. portfolio.
Webster Bank, which manages about $688.03 million US Long portfolio, upped its stake in Pacific Investment Management Co Llc (MINT) by 8,041 shares to 8,048 shares, valued at $819,000 in 2017Q3, according to the filing. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since February 14, 2017 and is uptrending. Stratos Wealth Partners LTD. raised its holdings in shares of Cisco Systems by 10.4% in the second quarter.
CSCO has been the topic of several research analyst reports.
Analyst's ratings determines the future of any company. Jefferies maintained the shares of CSCO in report on Friday, October 6 with "Buy" rating. UBS maintained it with "Buy" rating and $39.0 target in Thursday, November 16 report. The company now has a consensus rating of "Buy" and an average price target of $42.63. BMO Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Foundation Res Management Inc has 1.92% invested in Cisco Systems, Inc.
The company's shares increased their value by 7.1% to 45.09 Dollars per share during the post-trade. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. Cisco Systems now has an average rating of "Buy" and an average target price of $40.47. The company has a market capitalization of $219,270.00, a PE ratio of -136.59, a price-to-earnings-growth ratio of 3.71 and a beta of 1.23.
Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 14th. They expect $0.60 EPS, up 30.43% or $0.14 from last year's $0.46 per share. Pinebridge Investments Lp who had been investing in Rogers Corp Com for a number of months, seems to be less bullish one the $2.86 billion market cap company.
Cisco Systems Inc (NASDAQ:CSCO) reported its first rise in quarterly revenue in more than two years, which also topped analysts' estimates, as the network gear maker's years-long efforts to transition to a software-focused company begins to take hold. It announced a 14 percent increase in its quarterly dividend to 33 cents a share. Stockholders of record on Thursday, April 5th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.14%. Cambridge Advsr Inc holds 0.45% of its portfolio in Cisco Systems, Inc.
Among 38 analysts covering Cisco Systems Inc. Second, it boosted its share buyback by $25 billion, to $31 billion. LSV Asset Management now owns 27,453,460 shares of the network equipment provider's stock valued at $859,293,000 after purchasing an additional 134,162 shares in the last quarter. Following the completion of the transaction, the senior vice president now directly owns 257,476 shares in the company, valued at $9,892,227.92. The shares were sold at an average price of $36.49, for a total transaction of $95,092.94.
Cisco Systems (NASDAQ:CSCO) has insider ownership of 0.05% and institutional ownership of 75.42%.
On 11/22/2017 Karen Walker, SVP, sold 5,786 with an average share price of $36.49 per share and the total transaction amounting to $211,131.14. A stock's Average True Range (ATR) is the difference between the high and low price on any given day. The disclosure for this sale can be found here.
Its share price has risen 45.61% in three months and is up 32.15% for the last five trades.
Product revenue was up 3%, while service revenue also gained 3%.