November 29, 2016 - By Louis Casey
As discovered in a legal report that was filled with the Washington-based Security and Exchange Commission on November 28, 2016, John Chambers an insider in Cisco Systems Inc and currently Executive Chairman, sold shares worth $7,429,875 U.S. Dollars in the public company. He sold 250,000 shares, at average $29.7 per share. John Chambers currently has in hand 1.57 million shares which make up about 0.03% of the California-based company’s total market cap.
Out of 30 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 18 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 60% are positive. $160 is the highest target while $16 is the lowest. The $37 average target is 23.75% above today’s ($29.9) stock price. Cisco Systems Inc. has been the topic of 64 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, August 17 by Jefferies. Drexel Hamilton maintained the stock with “Buy” rating in Thursday, August 18 report. On Thursday, August 18 the stock rating was maintained by Pacific Crest with “Overweight”. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Thursday, August 18 report. On Wednesday, September 14 the stock rating was maintained by Deutsche Bank with “Buy”. The stock has “Buy” rating given by Citigroup on Thursday, August 18. The rating was maintained by Goldman Sachs with “Buy” on Thursday, August 13. The rating was maintained by Pacific Crest on Wednesday, January 13 with “Overweight”. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Outperform” rating by RBC Capital Markets on Friday, November 13. As per Monday, February 8, the company rating was upgraded by Macquarie Research.
Insitutional Activity: The institutional sentiment is 1.09 in 2016 Q2. Its the same as in 2016Q1. The ratio has no change, as 63 funds sold all Cisco Systems, Inc. shares owned while 598 reduced positions. only 69 funds bought stakes while 652 increased positions. They now own 3.58 billion shares or 4.03% less from 3.73 billion shares in 2016Q1.
Millennium Limited Company, a New York-based fund reported 3.78 million shares. Breton Hill Capital Ltd, a Ontario – Canada-based fund reported 29,752 shares. Cleararc Capital accumulated 223,231 shares or 1.24% of the stock. Legacy Private Co has invested 0.26% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Stanley has 52,681 shares for 0.59% of their US portfolio. Loomis Sayles & L P has 2.82% invested in the company for 36.16 million shares. Princeton Capital Inc has 172,938 shares for 3.42% of their US portfolio. Pring Turner Cap Group last reported 74,474 shares in the company. California State Teachers Retirement Systems reported 10.99 million shares or 0.68% of all its holdings. Pub Employees Retirement Association Of Colorado has invested 0.25% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). The California-based Shelton Cap Mgmt has invested 0.93% in Cisco Systems, Inc. (NASDAQ:CSCO). Barrington Strategic Wealth Grp Ltd Liability accumulated 0.16% or 9,784 shares. Moreover, Horizon Investment Svcs Limited Liability Corp has 0.16% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 10,986 shares. Mechanics Bancorporation Tru Department has 59,862 shares for 0.63% of their US portfolio. Franklin Street Advsr Nc has 349,077 shares for 1.9% of their US portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 15 sales for $32.11 million net activity. Walker Karen also sold $319,305 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares. 90,000 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $2.61M were sold by Jacoby Rebecca. $4.61M worth of shares were sold by Robbins Charles on Sunday, September 11. BARTZ CAROL had sold 15,000 shares worth $468,785 on Thursday, August 25. CHANDLER MARK D had sold 25,024 shares worth $761,731 on Monday, August 22. BHATT PRAT sold $797,480 worth of stock. $465,000 worth of shares were sold by HALLA BRIAN on Monday, November 7.
About 21.47M shares traded hands. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 6.59% since April 25, 2016 and is uptrending. It has outperformed by 0.57% the S&P500.
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 company has a market cap of $152.11 billion. The Firm operates through three geographic divisions: Americas; Europe, the Middle East and Africa , and Asia Pacific, Japan and China (APJC). It has a 14.28 P/E ratio. The Firm groups its products and technologies into various categories, such as Switching; Next-Generation Network (NGN) Routing; Collaboration; Data Center; Wireless; Service Provider Video; Security, and Other Products.
According to Zacks Investment Research, “Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco’s Internet Protocol-based networking solutions are the foundation of the Internet and most corporate, education, and government networks around the world. Cisco provides the broadest line of solutions for transporting data, voice and video within buildings, across campuses, or around the world.”
Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on February, 15 after the close. They expect $0.50 EPS, down 5.66% or $0.03 from last year’s $0.53 per share. CSCO’s profit will be $2.54 billion for 14.95 P/E if the $0.50 EPS becomes a reality. After $0.55 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts -9.09% negative EPS growth.
More important recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Profitconfidential.com which released: “Cisco Systems, Inc.: This Trigger Could Send CSCO Stock Soaring” on November 19, 2016, also Investorplace.com published article titled: “Cisco Systems, Inc. (CSCO) Stock Is Screeching to a Halt”, Investorplace.com published: “2 Post-Trump Trades for Cisco Systems, Inc. (CSCO) Earnings” on November 15, 2016. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) was released by: Profitconfidential.com and their article: “Cisco Systems, Inc.: CSCO Stock Is Setting up to Test Price Support” with publication date: November 06, 2016.
Cisco Systems, Inc. (Cisco), incorporated on December 10, 1984, creates 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 (EMEA), and Asia Pacific, Japan and China (APJC). The Firm groups its products and technologies into the various categories, such as Switching; Next-Generation Network (NGN) Routing; Collaboration; Data Center; Wireless; Service Provider Video; Security, and Other Products. In addition to its product offerings, the Company provides a range of service offerings, including technical support services and advanced services. The Firm delivers its technology and services to its clients as solutions for their priorities, including cloud, video, mobility, security, collaboration and analytics. The Firm helps its clients build networks and automate, orchestrate, integrate and digitize information technology (IT) services and products. It serves customers, including businesses of all sizes, public institutions, governments and service providers.
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By Louis Casey