A variety of other institutional investors also lately included to or decreased their stakes in CSCO. JJJ Advisors Inc. acquired a new stake in shares of Cisco Devices in the 2nd quarter valued at approximately $a hundred and ten,000. Trustcore Fiscal Providers LLC improved its holdings in Cisco Devices by 143.five% through the 1st quarter. Trustcore Fiscal Providers LLC now owns three,294 shares of the network products provider’s stock worth $141,000 just after paying for an extra 1,941 shares through the time period. Intelligent Portfolios LLC procured a new posture in Cisco Devices through the 1st quarter worth $146,000. Legacy Advisors LLC improved its holdings in Cisco Devices by 597.six% through the 2nd quarter. Legacy Advisors LLC now owns three,432 shares of the network products provider’s stock worth $148,000 just after paying for an extra 2,940 shares through the time period. Lastly, Stelac Advisory Providers LLC procured a new posture in Cisco Devices through the 1st quarter worth $149,000. seventy one.fifty two% of the stock is presently owned by institutional investors and hedge resources.
In other Cisco Devices information, EVP David Goeckeler marketed 63,050 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was marketed at an typical price tag of $forty seven.57, for a total transaction of $2,999,288.50. Next the transaction, the executive vice president now owns 547,019 shares of the company’s stock, valued at $26,021,693.eighty three. The sale was disclosed in a filing with the SEC, which is available by the SEC website. Also, EVP Mark D. Chandler marketed 31,842 shares of the stock in a transaction dated Thursday, September 13th. The stock was marketed at an typical price tag of $forty seven.twenty, for a total transaction of $1,502,942.40. The disclosure for this sale can be located below. Insiders marketed 450,620 shares of business stock worth $21,322,282 in the past 3 months. .03% of the stock is presently owned by company insiders.
A variety of brokerages have lately issued experiences on CSCO. Zacks Expenditure Analysis downgraded Cisco Devices from a “buy” score to a “hold” score in a report on Thursday, August 2nd. Piper Jaffray Providers established a $50.00 target price tag on Cisco Devices and gave the stock a “buy” score in a analysis observe on Tuesday, September 11th. BidaskClub downgraded Cisco Devices from a “buy” score to a “hold” score in a analysis observe on Wednesday, July 11th. Goldman Sachs Team reaffirmed a “buy” score and established a $fifty six.00 price tag target on shares of Cisco Devices in a analysis report on Thursday, August 16th. Lastly, Credit history Suisse Team lifted their price tag target on Cisco Devices from $41.00 to $forty three.00 and gave the stock a “hold” score in a analysis report on Thursday, August 16th. 8 analysis analysts have rated the stock with a maintain score, 20-3 have supplied a obtain score and a single has supplied a potent obtain score to the company’s stock. The business has a consensus score of “Buy” and an typical price tag target of $48.76.
Shares of NASDAQ CSCO traded up $.54 through mid-working day investing on Thursday, hitting $48.44. The business experienced a investing quantity of twenty,852,807 shares, compared to its typical quantity of 23,933,281. The stock has a sector cap of $224.01 billion, a P/E ratio of twenty.70, a PEG ratio of 2.75 and a beta of 1.eleven. The business has a latest ratio of 2.29, a speedy ratio of 2.22 and a credit card debt-to-equity ratio of .forty seven. Cisco Devices, Inc. has a 1-year very low of $33.67 and a 1-year higher of $forty nine.forty seven.
Cisco Devices (NASDAQ:CSCO) past posted its earnings results on Wednesday, August fifteenth. The network products supplier reported $.70 EPS for the quarter, beating the consensus estimate of $.69 by $.01. The business experienced revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.76 billion. Cisco Devices experienced a return on equity of 22.12% and a internet margin of .22%. Cisco Systems’s revenue for the quarter was up five.9% compared to the same quarter past year. In the course of the same quarter in the prior year, the business posted $.61 earnings for each share. On typical, equities analysts forecast that Cisco Devices, Inc. will write-up 2.67 EPS for the latest fiscal year.
The business also lately declared a quarterly dividend, which was paid on Wednesday, October twenty fourth. Investors of record on Friday, October 5th had been issued a $.33 dividend. This represents a $1.32 annualized dividend and a produce of 2.seventy three%. The ex-dividend date was Thursday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is presently fifty six.41%.
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About Cisco Devices
Cisco Devices, Inc designs, manufactures, and sells Online Protocol based networking and other solutions similar to the communications and information and facts engineering business around the world. The business offers switching solutions routing solutions that interconnect general public and non-public wireline and mobile networks information middle solutions and wi-fi obtain details for use in voice, online video, and information programs.
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