Economy

Monarch Capital Management Inc. Sells 6300 Shares of Cisco Systems, Inc. (CSCO)

(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. Boston Partners now owns 30,563,666 shares of the network equipment provider's stock worth $1,033,052,000 after purchasing an additional 23,002,159 shares in the last quarter.

In recent action, Cisco Systems, Inc. However, the institutional investors are observed to own 77.70% of the total shares. Raymond James Financial, Inc. restated an "outperform" rating on shares of Cisco Systems in a research report on Friday, February 17th. TN raised its stake in shares of Cisco Systems by 1.8% in the 1st quarter. The institutional investor owned 215,045 shares of the network equipment provider's stock after selling 12,792 shares during the quarter. Achmea Investment Management B.V. purchased a new stake in Cisco Systems during the 1st quarter worth about $31,170,000. Finally, Jackson Grant Investment Advisers Inc. raised its stake in shares of Cisco Systems by 4,150.0% in the fourth quarter. Riggs Asset Managment Co.

Cisco Systems, Inc. (Cisco), launched on December 10, 1984, designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Becker Capital Management Inc holds 1.39M shares with $43.41 million value, up from 1.35M last quarter. Finally, Thompson Davis & CO. Fisher Asset Management LLC now owns 16,076,117 shares of the network equipment provider's stock worth $503,182,000 after purchasing an additional 382,211 shares during the period. (NASDAQ:CSCO). Bryn Mawr Trust reported 1.21% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) opened at 33.75 on Friday.

It is trading at $33.75 just above $32.39, the 50 day moving average and which is slightly above the 200 day moving average of $32.37. The company has market cap of $167.13 billion. The value of the total investment in Cisco Systems, Inc. increased from $2,090,000 to $2,354,000 increasing 12.6% quarter to quarter. Next quarter's EPS is forecasted to be $0.58 with next year's EPS projected to be $2.55. Cisco Systems had a return on equity of 17.50% and a net margin of 21.73%. The mean target price as estimated by the analysts for the company has been recorded at $35.73. During the same quarter past year, the company earned $0.63 EPS. Cisco Systems's quarterly revenue was down 4.0% compared to the same quarter past year. On average, analysts anticipate that Cisco Systems, Inc. will post $2.43 EPS for the current year. Additionally Cisco Systems, Inc. declared a dividend for shareholders payable on Wednesday the 25th of October 2017. 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 on an annualized basis. (CSCO) Ex-Dividend Date Scheduled for October 04, 2017" published on October 03, 2017 as well as Seekingalpha.com's news article titled: "Cisco Systems: "Bulls, Here It Comes" with publication date: "September 22, 2017. Hoertkorn Richard Charles has invested 1% in Cisco Systems, Inc.

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In related news, insider John T. Chambers sold 250,000 shares of the company's stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $32.43, for a total transaction of $2,107,950.00. Following the transaction, the chief accounting officer now owns 119,996 shares in the company, valued at approximately $3,847,071.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. With 25.93M shares average volume, it will take short sellers 2 days to cover their CSCO's short positions.

In other Cisco Systems news, SVP Prat Bhatt sold 15,672 shares of Cisco Systems stock in a transaction on Wednesday, March 15th.

In the market the company is trading up by 0.48% percent from yesterday's close.

A number of analysts recently commented on CSCO shares. On Thursday, August 18 the stock rating was maintained by Morgan Stanley with "Equal-Weight". Robert W. Baird reiterated a "buy" rating and set a $38.00 price objective on shares of Cisco Systems in a research report on Monday, September 11th. Drexel Hamilton restated a "buy" rating and issued a $40.00 target price on shares of Cisco Systems in a research report on Tuesday.

Since May 24, 2017, it had 0 buys, and 3 insider sales for $12.50 million activity.



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