Published: Thu, May 17, 2018
Markets | By Otis Pena

Cisco Systems (CSCO) Shares Obtained by AGF Investments Inc

Cisco Systems (CSCO) Shares Obtained by AGF Investments Inc

During the same quarter in the prior year, the firm posted $0.57 earnings per share. sell-side analysts predict that Cisco Systems will post 2.33 EPS for the current year. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, May 16th. The titles are as follows: "Walmart, Cisco, Macy's and More Major Earnings Coming This Week" published on May 13, 2018, "Research Report Identifies Cisco, Denbury Resources, EMCOR Group, Control4, Yext, and Liberty TripAdvisor with ..." on May 15, 2018, "Cisco Completes Acquisition of Accompany" with a publish date: May 10, 2018, "Cisco Still Holds Rank as Top Performing Dow Stock" and the last "Cisco Expects Another Quarter of Growth" with publication date: May 15, 2018. Stonebridge Capital Advsr Lc holds 0.73% of its capital in Cisco Systems, Inc. On Thursday, February 15 the stock of Cisco Systems, Inc. The network equipment provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04.

Cisco Systems, Inc. registered $10.28 million net activity with 0 buys and 5 insider sales since December 14, 2017. During the same quarter in the previous year, the business earned $0.57 EPS.

Several analysts have weighed in on CSCO shares. They noted that the move was a valuation call. Royal Bank of Canada increased their price target on shares of Cisco Systems to $50.00 and gave the stock an "outperform" rating in a report on Thursday, February 15th. UBS maintained it with "Buy" rating and $29 target in Thursday, February 11 report. Cisco repurchased roughly 140 million shares of common stock for an average price of $42.83 per share for an aggregate purchase price of $6.0 billion. Goldman Sachs raised shares of Cisco Systems from a "buy" rating to a "conviction-buy" rating in a report on Friday, March 23rd. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. The stock was sold at an average price of $45.50, for a total value of $940,530.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

In related news, Director Arun Sarin sold 14,189 shares of the firm's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $45.37, for a total transaction of $550,156.62. Following the completion of the transaction, the director now directly owns 74,479 shares of the company's stock, valued at approximately $3,379,112.23. The disclosure for this sale can be found here.

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734 hedge funds increased and opened new equity positions, while 711 reduced and sold positions in Cisco Systems Inc so the sentiment improved. Also 145 funds bought new Cisco Systems Inc stakes. Overall the numbers were good, especially compared to last quarter's. Stifel Financial Corp now owns 8,147,775 shares of the network equipment provider's stock worth $273,977,000 after purchasing an additional 8,016,561 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Cisco Systems by 23.6% in the third quarter. The fund owned 259,134 shares of the network equipment provider's stock after selling 9,128 shares during the period. Geode Capital Management LLC boosted its stake in Cisco Systems by 1.7% in the fourth quarter. Boston Partners now owns 33,799,233 shares of the network equipment provider's stock worth $1,294,510,000 after purchasing an additional 3,397,848 shares during the last quarter. Delphi Private Advisors LLC raised its stake in shares of Cisco Systems by 307.8% during the 4th quarter. The institutional investor owned 986,231 shares of the network equipment provider's stock after purchasing an additional 229,286 shares during the period.

CSCO is hitting $45.2 during the last trading session, after decreased 0.62%.Cisco Systems, Inc. has volume of 15.55M shares. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.38 and a current ratio of 2.43. (NASDAQ:CSCO). Finemark Commercial Bank And Tru has invested 1.13% in Cisco Systems, Inc.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. This represents a $1.32 dividend on an annualized basis and a yield of 2.98%. (NASDAQ:CSCO). Canal Ins Communications stated it has 1.6% of its capital in Cisco Systems, Inc.

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