Cisco Systems (NASDAQ:CSCO) Shares Sold by Motco

Big Money Sentiment Indicator of Cisco Systems Inc (NASDAQ:CSCO) Improves in 2017 Q4 to 1.03

Network gear maker Cisco Systems Inc (CSCO.O) reported third-quarter profit and revenue that topped analysts' estimates on Wednesday, but shares fell 4 percent after dour current-quarter forecasts indicated that the transition to a software-focused business remained a work in progress. The company saw a GAAP net income of $2.7 billion or a gain of $0.56 earnings per share. The business is scheduled to report its next earnings results after the market closes on Wednesday, May 16th. Analysts were expecting revenue of $12.73 billion. Yacktman Asset Management Lp reported 19.70 million shares. Zacks' sales calculations are an average based on a survey of sell-side research firms that follow Cisco Systems. The firm offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.Last it reported negative earnings.

Total revenue rose to $12.46 billion from $11.94 billion, vs. $12.43 billion as expected by analysts, according to Thomson Reuters. During the same period in the prior year, the firm posted $0.57 earnings per share. Since November 17, 2017 according to StockzIntelligence Inc Cisco Systems has 32 analyst reports. BidaskClub upgraded Cisco Systems from a "buy" rating to a "strong-buy" rating in a research note on Friday, January 5th. The stock rating was maintained by Deutsche Bank with "Buy" on Thursday, February 15. The stock of Cisco Systems, Inc. Vetr downgraded Cisco Systems from a "buy" rating to a "hold" rating and set a $45.60 price target for the company.in a report on Monday, March 26th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. Drexel Hamilton initiated the stock with "Buy" rating in Friday, October 9 report. On Monday, February 26 BURNS M MICHELE sold $550,153 worth of Cisco Systems, Inc. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Goeckeler David sold $940,559 worth of stock or 20,671 shares. The disclosure for this sale can be found here.

Several institutional investors and hedge funds have recently modified their holdings of CSCO. Stonehearth Capital Management LLC purchased a new stake in Cisco Systems in the 4th quarter valued at about $102,000. Overall the numbers were good, especially compared to last quarter's.

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"Big money sentiment for Cisco Systems Inc (NASDAQ:CSCO) in Q4 2017 increased to 1.03, revealed SEC filings". The United Kingdom-based fund Edinburgh Partners Ltd have invested about 6.7% of the fund's stock portfolio in Cisco Systems Inc. Goodman Financial Corp acquired a new stake in Cisco Systems in the 4th quarter worth about $115,000.

"Like other old smoke stack tech companies - MSFT, INTC, ORCL - this has been a somewhat of a slow process", said Dan Morgan, portfolio manager at Synovus Trust Company, who owns 362,980 shares of Cisco. The Sc China Holding Ltd holds 4.50M shares with $208.26M value, down from 6.00 million last quarter.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. They had declined 0.7 percent, to $45.16, in regular trading. 31,146,190 shares of the company traded hands, compared to its average volume of 27,168,168. (NASDAQ:CSCO). Bragg Fincl Advsr Inc has invested 1.35% in Cisco Systems, Inc. The company has a current ratio of 2.43, a quick ratio of 2.38 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $220.16 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 3.26 and a beta of 1.14. Moreover, Wealth Architects Limited has 0.11% invested in Cisco Systems, Inc. The stock increased 2.98% or $1.93 during the last trading session, reaching $66.71. On Wednesday, April 18 the stock of Cisco Systems, Inc. Cisco Systems's dividend payout ratio (DPR) is presently 61.40%. This repurchase authorization authorizes the network equipment provider to reacquire shares of its stock through open market purchases. 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.

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