Shares Holding Above Moving Averages: Cisco Systems, Inc. (NASDAQ:CSCO)


Shares Holding Above Moving Averages: Cisco Systems, Inc. (NASDAQ:CSCO)

The Company 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.

In other news, SVP Prat Bhatt sold 15,672 shares of Cisco Systems stock in a transaction on Wednesday, March 15th. Seven Eight Capital LP acquired a new stake in Cisco Systems during the fourth quarter worth $112,000. LLC acquired a new stake in Cisco Systems during the fourth quarter valued at $166,000.

Previously on Tuesday May 09, 2017, BMO Capital Markets reported on Cisco Systems, Inc. BlackRock Inc. now owns 339,316,584 shares of the network equipment provider's stock valued at $11,468,902,000 after buying an additional 325,856,721 shares in the last quarter.

04/04/2017 - Berenberg Bank began new coverage on Cisco Systems, Inc. giving the company a "hold" rating.

Many analysts have provided their estimated foresights on Cisco Systems, Inc. (NASDAQ:CSCO) traded up 2.795% during trading on Monday, reaching $34.385. Institutional investors and hedge funds own 75.24% of the company's stock.

Cisco Systems, Inc. has a 50 day moving average of 33.50 and a 200 day moving average of 31.92.

Cisco Systems, Inc. (NASDAQ:CSCO) is now trading 3.32% below its 52-week-high, 26.3% above its 52-week-low and in the range of $32.42-$34.6 over the past month. BlackRock Investment Management LLC now owns 664,027 shares of the 3D printing company's stock valued at $11,919,000 after buying an additional 2,954 shares during the last quarter. Jackson Grant Investment Advisers Inc. now owns 4,250 shares of the network equipment provider's stock valued at $128,000 after buying an additional 4,150 shares in the last quarter. That's up $0.01 compared to the third quarter of previous year. On average, analysts predict that 3D Systems will post $0.52 EPS for the current fiscal year. Vetr raised Cisco Systems from a "buy" rating to a "strong-buy" rating and set a $37.32 target price for the company in a report on Tuesday, April 11th. This is a boost from Cisco Systems's previous quarterly dividend of $0.26. The stock gained a consensus recommendation of 1.67 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. The ex-dividend date of this dividend was Tuesday, April 4th. Cisco Systems's payout ratio is 49.52%.

"ILLEGAL ACTIVITY NOTICE: "[[title]]" was first reported by [[site]] and is the property of of [[site]]. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law. Finally, OTR Global upgraded Cisco Systems from a "mixed" rating to a "positive" rating in a research report on Thursday, February 2nd.

CSCO has been the subject of several research analyst reports. The stock now has a consensus rating of "Buy" and a consensus price target of $35.08. The 1-year range for the stock is $26.49-$34.6. Stock has got OUTPERFORM rating from 9 analysts of Thomson Reuters, 15 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. Sanford C. Bernstein set a $37.00 price objective on Cisco Systems and gave the company a "buy" rating in a report on Thursday, February 23rd. ABR value is precisely based on brokerage recommendations, where out of 21 brokerage recommendations 13 rate Cisco Systems, Inc.

Shares outstanding are recorded as 5018.11 M and total shares floated are 5003.56 M. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 3.70. Following the sale, the senior vice president now owns 77,174 shares of the company's stock, valued at $2,644,752.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below.