Economy

AT Bancorp Sells 24817 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Fisher Asset Management LLC now owns 16,076,117 shares of the network equipment provider's stock worth $503,182,000 after acquiring an additional 382,211 shares in the last quarter.

Cisco Systems, Inc. most recently reported earnings per share (EPS) of $0.61 for the July 2017 versus $0.63 in the same quarter past year, representing -3% growth. It closed at $34.41 lastly.

About 63,459 shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since November 7, 2016 and is uptrending. It has outperformed by 190.44% the S&P500. Company insiders own 0.05% of the company's stock. California Employees Retirement Systems accumulated 9,600 shares. Cisco Systems Inc. now has $170.39B valuation. Moreover, Raymond James Fin Svcs Advsrs has 0.01% invested in Terra Nitrogen Company, L.P. (NYSE:TNH) for 10,966 shares.

Cisco Systems, Inc. (CSCO) reported earning per shares for the quarter ending Nov 15 AMC at 0.61, whereas, 26 number of analysts estimated the mean EPS at 0.61. It has underperformed by 3.50% the S&P500.

Jw Asset Management Llc holds 3.43% of its portfolio in Antares Pharma Inc for 1.67 million shares. It also increased its holding in Twitter Inc (NYSE:TWTR) by 28,000 shares in the quarter, for a total of 56,005 shares, and has risen its stake in Orbotech Ltd (NASDAQ:ORBK). During the same period last year, the company earned $0.63 EPS. analysts anticipate that Cisco Systems, Inc. will post 2.18 earnings per share for the current year. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have issued a buy rating to the stock. Therefore 65% are positive. Cisco Systems Inc. had 115 analyst reports since August 4, 2015 according to SRatingsIntel. (NASDAQ:CSCO) by 31.7% in the second quarter, according to its most recent 13F filing with the SEC. OTR Global downgraded the shares of CSCO in report on Monday, October 31 to "Mixed" rating. Barclays PLC reissued a buy rating and issued a $34.00 price objective on shares of Cisco Systems in a report on Thursday, November 17th. As per Tuesday, October 24, the company rating was maintained by Needham. On Tuesday, September 5 the stock rating was maintained by Cowen & Co with "Buy". Walker Karen also sold $244,125 worth of Cisco Systems, Inc. (NASDAQ:CSCO) has "Buy" rating given on Friday, June 23 by Drexel Hamilton.

Since May 24, 2017, it had 0 insider buys, and 3 sales for $12.50 million activity. The insider CHAMBERS JOHN T sold $9.31M.

On a similar note, analysts expect EPS of $0.55 in October 2017 quarter and $0.52 in January 2018 quarter, representing 0% and -1.89% growth, respectively. The Beta for the company stands at 1.18 and its Average True Range (ATR) shows a value of 0.41. In the last 90 days, insiders sold 485,138 shares of company stock worth $15,347,574.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. Boston Rech & Mngmt Inc accumulated 140,516 shares or 2.38% of the stock. Boston Partners boosted its position in shares of Cisco Systems by 304.2% in the 1st quarter. (NASDAQ:CSCO) or 6.05M shares. Lowe Brockenbrough Com invested in 346,998 shares. United Kingdom-based Royal Natl Bank Of Scotland Grp Public Ltd Com has invested 4.04% in Cisco Systems, Inc. Zacks Investment Research raised Cisco Systems from a "sell" rating to a "hold" rating in a research report on Tuesday, July 18th. (NASDAQ:CSCO) for 365,963 shares. Heathbridge Limited owns 838,600 shares or 5.65% of their US portfolio. Citadel Advsr Lc holds 0.03% in Cisco Systems, Inc. About 1.14M shares traded. Atlantic Tru Group Limited holds 0.96% of its portfolio in Cisco Systems, Inc. Blackhill Cap holds 4,600 shares or 0.13% of its portfolio. Pacific Crest reaffirmed a buy rating on shares of Cisco Systems in a report on Thursday, November 17th. The shares were sold at an average price of $32.43, for a total value of $2,107,950.00.

The company last reported its quarterly results on Nov 15 AMC. After $0.55 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Analysts await Cisco Systems, Inc. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Investorplace.com and their article: "Cisco Systems, Inc". The ex-dividend date was Wednesday, October 4th.

Investors sentiment decreased to 1.24 in Q2 2017. Its up 0.14, from 1.04 in 2017Q1. 35 funds opened positions while 21 raised stakes. Spark Mngmt Limited Liability Corporation owns 0.01% invested in SunOpta, Inc. (USA) (NASDAQ:STKL) for 16,000 shares. Bridgecreek Inv Management Ltd invested in 49,185 shares or 1.13% of the stock. Daiwa Sb Ltd holds 580 shares. Strategic Advsrs Ltd Llc invested in 0.88% or 61,815 shares. Benjamin F Edwards owns 41,765 shares for 0.17% of their portfolio. Jupiter Asset Mgmt Limited holds 0.17% or 479,825 shares. (USA) (NASDAQ:STKL) for 252,362 shares. The network equipment provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.59 by $0.02. Ardsley Advisory stated it has 2.33 million shares or 4.24% of all its holdings. Mairs And reported 27,851 shares stake. First Trust Advisors LP boosted its stake in shares of Cisco Systems by 5.9% during the 2nd quarter.

Looking forward, the company's quarterly earnings are expected to come at $0.17 in the three months through December 2017 and $0.18 in the quarter ending March 2018, reflecting -10.53% and 5.88% growth, respectively. (USA) (NASDAQ:STKL) was bought by Bolles Albert D.

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