Wedge Capital Administration L L P NC lowered its holdings in Cisco Techniques, Inc. (NASDAQ:CSCO – Free Report) by 3.1% in the course of the third quarter, Holdings Channel.com reviews. The agency owned 7,426 shares of the community tools supplier’s inventory after promoting 238 shares in the course of the interval. Wedge Capital Administration L L P NC’s holdings in Cisco Techniques have been price $395,000 on the finish of the newest reporting interval.
Different giant buyers additionally just lately made modifications to their positions within the firm. Cypress Wealth Companies LLC raised its place in Cisco Techniques by 1.7% within the third quarter. Cypress Wealth Companies LLC now owns 12,161 shares of the community tools supplier’s inventory price $647,000 after buying a further 198 shares over the past quarter. Baker Boyer Nationwide Financial institution elevated its place in Cisco Techniques by 2.6% within the first quarter. Baker Boyer Nationwide Financial institution now owns 8,237 shares of the community tools supplier’s inventory price $411,000 after buying a further 210 shares in the course of the interval. Holland Advisory Companies Inc. raised its holdings in Cisco Techniques by 5.3% in the course of the 1st quarter. Holland Advisory Companies Inc. now owns 4,231 shares of the community tools supplier’s inventory price $211,000 after buying a further 213 shares over the past quarter. WealthPLAN Companions LLC lifted its place in Cisco Techniques by 3.0% in the course of the 1st quarter. WealthPLAN Companions LLC now owns 7,385 shares of the community tools supplier’s inventory valued at $369,000 after buying a further 213 shares in the course of the interval. Lastly, Ruedi Wealth Administration Inc. boosted its stake in shares of Cisco Techniques by 17.6% within the 1st quarter. Ruedi Wealth Administration Inc. now owns 1,454 shares of the community tools supplier’s inventory valued at $73,000 after buying a further 218 shares over the past quarter. Institutional buyers personal 73.33% of the corporate’s inventory.
Insider Exercise at Cisco Techniques
In different information, SVP Maria Victoria Wong bought 3,379 shares of Cisco Techniques inventory in a transaction dated Wednesday, August twenty eighth. The shares have been bought at a mean worth of $50.36, for a complete worth of $170,166.44. Following the completion of the transaction, the senior vice chairman now owns 47,182 shares of the corporate’s inventory, valued at $2,376,085.52. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the SEC, which is on the market at this hyperlink. In associated information, EVP Thimaya Okay. Subaiya bought 1,328 shares of the enterprise’s inventory in a transaction dated Thursday, September twelfth. The inventory was bought at a mean worth of $48.92, for a complete worth of $64,965.76. Following the completion of the transaction, the manager vice chairman now owns 132,910 shares of the corporate’s inventory, valued at $6,501,957.20. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which is on the market by way of this hyperlink. Additionally, SVP Maria Victoria Wong bought 3,379 shares of the inventory in a transaction that occurred on Wednesday, August twenty eighth. The inventory was bought at a mean worth of $50.36, for a complete transaction of $170,166.44. Following the sale, the senior vice chairman now owns 47,182 shares within the firm, valued at $2,376,085.52. This represents a 0.00 % lower of their place. The disclosure for this sale will be discovered right here. During the last three months, insiders bought 70,529 shares of firm inventory valued at $3,509,049. 0.02% of the inventory is owned by company insiders.
Wall Road Analyst Weigh In
A number of equities analysts just lately weighed in on CSCO shares. HSBC upgraded shares of Cisco Techniques from a “maintain” ranking to a “purchase” ranking and elevated their worth goal for the corporate from $46.00 to $58.00 in a report on Friday, August sixteenth. Tigress Monetary raised their worth goal on Cisco Techniques from $76.00 to $78.00 and gave the inventory a “purchase” ranking in a analysis report on Monday. Deutsche Financial institution Aktiengesellschaft upped their worth goal on Cisco Techniques from $52.00 to $53.00 and gave the corporate a “maintain” ranking in a report on Thursday, August fifteenth. Needham & Firm LLC restated a “maintain” ranking on shares of Cisco Techniques in a report on Thursday, August fifteenth. Lastly, Jefferies Monetary Group lowered their worth goal on Cisco Techniques from $56.00 to $53.00 and set a “purchase” ranking for the corporate in a analysis notice on Thursday, August fifteenth. One funding analyst has rated the inventory with a promote ranking, 13 have issued a maintain ranking, 9 have assigned a purchase ranking and one has given a robust purchase ranking to the corporate. Primarily based on knowledge from MarketBeat, the inventory presently has a mean ranking of “Maintain” and a mean worth goal of $56.74.
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Cisco Techniques Inventory Up 0.0 %
Shares of CSCO inventory opened at $56.40 on Friday. The agency’s fifty day shifting common worth is $50.95 and its two-hundred day shifting common worth is $48.56. The corporate has a present ratio of 0.91, a fast ratio of 0.83 and a debt-to-equity ratio of 0.43. Cisco Techniques, Inc. has a 1 12 months low of $44.50 and a 1 12 months excessive of $56.58. The agency has a market capitalization of $227.23 billion, a P/E ratio of 18.99, a PEG ratio of 4.22 and a beta of 0.83.
Cisco Techniques (NASDAQ:CSCO – Get Free Report) final launched its earnings outcomes on Wednesday, August 14th. The community tools supplier reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Cisco Techniques had a return on fairness of 27.83% and a web margin of 19.18%. The enterprise had income of $13.64 billion for the quarter, in comparison with the consensus estimate of $13.53 billion. Throughout the identical quarter within the earlier 12 months, the enterprise earned $1.01 earnings per share. Cisco Techniques’s quarterly income was down 10.3% on a year-over-year foundation. On common, equities analysts predict that Cisco Techniques, Inc. will put up 2.9 EPS for the present fiscal 12 months.
Cisco Techniques Pronounces Dividend
The corporate additionally just lately introduced a quarterly dividend, which will likely be paid on Wednesday, October twenty third. Buyers of report on Wednesday, October 2nd will likely be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.60 annualized dividend and a dividend yield of two.84%. Cisco Techniques’s dividend payout ratio is presently 53.87%.
About Cisco Techniques
Cisco Techniques, Inc designs, manufactures, and sells Web Protocol based mostly networking and different merchandise associated to the communications and knowledge expertise business within the Americas, Europe, the Center East, Africa, the Asia Pacific, Japan, and China. The corporate additionally provides switching portfolio encompasses campus switching in addition to knowledge middle switching; enterprise routing portfolio interconnects private and non-private wireline and cellular networks, delivering extremely safe, and dependable connectivity to campus, knowledge middle and department networks; wi-fi merchandise embody wi-fi entry factors and controllers; and compute portfolio together with the cisco unified computing system, hyperflex, and software program administration capabilities, which mix computing, networking, and storage infrastructure administration and virtualization.
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