Cisco Systems Company Profile
Cisco Systems designs and markets a range of products, services and integrated solutions to develop and connect networks around the world. The Company operates three regional divisions: the Americas; EMEA and APJC.
In its recent Form 13F filing with the Securities and Exchange Commission, Neuberger Berman Group LLC said Cisco Systems Inc. (NASDAQ: CSCO) fell 5.3% in the second quarter. The company owns 13,098,419 shares of network equipment suppliers after it sold 730,051 shares during the period. Cisco Systems accounted for about 0.5% of Neuberger Berman Group LLC’s portfolio, making it 23rd. As of the most recent filing with the Securities and Exchange Commission (SEC), Neuberger Berman Group LLC owns approximately 0.26% of Cisco Systems, Inc., for a consideration of US $ 409,981,000.
Other hedge funds also recently changed their controlling stake in the company. Pacer Advisors Inc. added 20.8% of Cisco Systems shares in the second quarter. Pacer Advisors Inc. now owns 245,866 shares of network equipment providers worth US $ 7,696,000 and 42,355 shares in the previous quarter.
Windsor Capital Management LLC rose 4.2% in Cisco Systems in the second quarter. Windsor Capital Management LLC currently holds 12,363 shares of network equipment suppliers worth $ 386,000 and 499 shares last quarter. In the second quarter, BDO Wealth Advisors LLC acquired a new share of Cisco Systems, valued at $ 1,521,000. Fjarde AP Fonden Fourth quarter Swedish national pension fund rose 15.6% in Cisco Systems in the second quarter.
Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,168,299 shares of network equipment providers for a total value of $ 36,568,000 and received another 157,669 shares in the previous quarter. Finally, Andra AP Fonden rose 0.6% in Cisco Systems in the second quarter. Andra AP fonden now owns 400,929 shares of network equipment providers for a total of $ 12,549,000 and received another 2,229 shares last quarter. Institutional investors and hedge funds own 75.79% of the company’s shares.
Several analysts published a report on the company. JMP Securities reiterated its “Market Performance” rating on Cisco Systems shares in a research note Friday, August 18. Stifel Nicolaus set a target price of $ 34 on Cisco Systems and gave the company a “hold” rating in a research note on Tuesday, Aug. 15. On Friday, August 18, Bank of America re-released the “Neutral” rating and posted a price target of $ 35.00 on the Cisco Systems stock price target.
On Wednesday, August 16, BidaskClub raised the Cisco system from “Sell” to “Hold” in a research note. Finally, Vetr downgraded Cisco Systems from “Buy” to “Hold” rating and set the company a price target of $ 33.18. In a research note on Wednesday, Aug. 16. The two analysts rated the stock, fourteen received a holding rating, and another twenty-one had a buy rating on the company’s stock. The stock is currently rated “Buy” with a consensus price of $ 36.90.
Related news, insiders John T. Chambers sold 250,000 shares of Cisco Systems shares on Wednesday, November 22nd. The average price of this stock is 36.50 dollars, the total value is 9,125,000.00 dollars. After the disposal, the insider directly owns 712,736 shares of the Company, valued at approximately US $ 26,014,864.
The transaction is disclosed in legal documents filed with the Securities and Exchange Commission. In addition, chief executive Charles Robbins sold 121,390 shares in a deal that took place on Wednesday, September 13th. The average price of this stock is 32.06 dollars, the total value is 3,891,763.40 dollars. Upon completion of the transaction, the chief executive now owns 552,694 shares of the company, valued at US $ 17,719,369.64. The disclosure of this sale can be found here. In the last quarter, insiders sold a total of 493,530 shares of the company valued at $ 16,993,798. 0.05% of the stock is currently owned by insiders.
Cisco Systems Inc. (CSCO) rose 0.21 US dollars to 37.61 US dollars during the trading hours on Friday. The volume is 13,777,371 shares, while the average volume is 24,019,734 shares. Cisco Systems Inc. has a 52-week low of 29.73 and a 52-week high of 38.03. The company’s debt-to-equity ratio was 0.39, its current ratio was 2.87 and its quick ratio was 2.81. The company’s market capitalization of 185,929.63 US dollars, price-earnings ratio of 17.33, price-earnings ratio of 3.40, price-earnings ratio of 1.19.
Cisco Systems Inc. (NASDAQ: CSCO) recently announced its earnings on Wednesday, November 15. Network equipment suppliers reported earnings per share for the quarter of $ 0.61, exceeding the market expectations of $ 0.60 for Zacks for $ 0.01. The return on equity of Cisco Systems was 16.64% with a net margin of 20.26%. The company’s revenue for the quarter was 12.14 billion U.S. dollars, while analysts expected it to be 12.1 billion U.S. dollars. The same period last year, the company earnings per share of 0.61 US dollars. The company’s quarterly revenue fell 1.7%. Stock market research analysts expect Cisco Systems Inc. earnings per share this year to 2.21 US dollars.