PartnerRe Asset Management reduced its stake in Cisco Systems, Inc. (NASDAQ: CSCO) by 62.8% in the fourth quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The company had 34,230 shares of network equipment provider after selling 57,815 shares during the period. The assets of PartnerRe Asset Management in Cisco Systems worth $ 930,000 at the end of the last reporting period.
Other hedge funds and other institutional investors hold shares in the company recently bought and sold. Fisher Asset Management has strengthened its position in Cisco Systems 0.9% in the fourth quarter. Fisher Asset Management now has 15,485,889 shares of stock provider network equipment worth $ 420 519 000 to 134 268 after purchasing additional shares in the last quarter. Eagle Asset Management has strengthened its position in Cisco Systems by 184.7% in the third quarter. Eagle Asset Management now has 9,788,064 shares of stock provider network equipment worth $ 256,936,000 after the purchase of an additional 6,350,552 shares in the last quarter. Jennison Associates, has strengthened its position in Cisco Systems 0.3% in the third quarter. Jennison Associates, now owns 7,341,364 shares of the supplier network equipment stock worth $ 192,711,000 to 24,930 after purchasing additional shares in the last quarter. ING Group has strengthened its position in Cisco Systems 15.1% in the third quarter. ING Groep now has 3,578,748 shares of stock provider network equipment valued at $ 93,907,000 after buying an additional 469,636 shares in the last quarter. Finally, Factory Mutual Insurance Company has strengthened its position in Cisco Systems 1.6% in the fourth quarter. Factory Mutual Insurance Company now has $ 3,274,400 of shares of the provider network equipment worth 88.916 million dollars after purchasing 50,000 additional shares in the last quarter.
Cisco Systems, Inc. (NASDAQ: CSCO) is opened at 23.79 on Friday. 50-day moving average of the firm is $ 25.47 and its 200-day moving average is $ 26.90 on. The company has a market capitalization of $ 120.76 billion and a price-earnings ratio of 12.65. Cisco Systems, Inc. has a 1-year low of $ 22.47 and a maximum of $ 30.31 one year.
Cisco Systems (NASDAQ: CSCO) in the latest issue of its quarterly earnings data on Thursday 12 November. The network equipment provider reported $ 0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of Thomson Reuters of $ 0.56 to $ 0.03. During the same period last year, the company posted $ 0.54 earnings per share. The company had revenues of $ 12,680,000 for the quarter, compared to the consensus estimate of $ 12.65 billion. Quarterly sales of Cisco Systems rose 3.6% in a year based on one year. On average, analysts predict that the shares of Cisco Systems, Inc. will post $ 2.27 EPS for the current year.
The company also recently unveiled a quarterly dividend, which was paid on January 20. Investors registered Wednesday, January 6 received a dividend of $ 0.21 per share. This represents an annualized dividend of $ 0.84 and a dividend yield of 3.53%. The ex-dividend date for this dividend on Monday January 4th.
CSCO has been a number of reports of research analysts. Guggenheim reiterated a "hold" on shares of Cisco Systems in a report on Sunday November 15. MKM Partners reiterated its "hold" and issued a target price of $ 29.00 ($ 32.00 against) of the shares of Cisco Systems on a Saturday report by 14 November. KeyBanc reaffirmed the rating of "overweight" and issued a goal of $ 36.00 on shares of Cisco Systems in a report on Saturday November 14 price. Citigroup Inc. initiated coverage on shares of Cisco Systems in a report on Tuesday, October 6. It issued a "buy" rating and a target of $ 30.00 to the enterprise. Finally, Vetr lifted shares of Cisco Systems from a "buy" to a "strong-buy" rating and set a $ 31.68 price target for the company in a report on Tuesday 20 October. Four financial analysts evaluated the action with a rating of sales, eight were keeping score twenty gave a buy recommendation and awarded an excellent rating for the purchase of the company. the company has a consensus rating "Buy" and a target of an average price of $ 32.03.
The new CEO Charles Robbins sold 6,000 shares of the company in a transaction on Thursday 19 November. The shares were sold at an average price of $ 27.14, for a total transaction of $ 162,840.00. After completion of the transaction, the CEO now directly 498,180 shares of the company, worth around $ 13,520,605.20. The transaction was announced in a filing with the SEC, available at the website of the SEC. In addition, SVP Mark D. Chandler has sold 88,331 shares of the company in a deal on Wednesday 18 November. The shares were sold at an average price of $ 26.87, for a total transaction of $ 2,373,453.97. Following this transaction, the senior vice president now owns 228,959 shares of company stock with a value of $ 6,152,128.33. The disclosure of this sale can be found here.
Cisco Systems, Inc. (NASDAQ: CSCO) designs and sells product lines, provides services and provides integrated tools for developing and connecting networks worldwide solutions, the construction of the Internet. The company specializes in the design, manufacture and sale of Internet Protocol (IP) -based networking and other technology-related industry communications and information (IT) and provides associated with these products and their use services products. The company operates in three segments: the Americas; Europe, Middle East and Africa (EMEA) and Asia-Pacific, Japan and China (APJC) East. Groups its products and technologies in different categories, such as switching, next-generation networks (NGN) routing, collaboration, enterprise video services, data centers, wireless, security and other products. In addition to its product line, which offers a wide range of service offerings, including technical support services and advanced services.
