Cisco Systems (NASDAQ:CSCO) Shares Sold by Motco

Lloyd Doyle
May 17, 2018

EPS Estimate for the next Quarter is 0.65. The fund owned 259,134 shares of the network equipment provider's stock after selling 9,128 shares during the period. Moreover, Zpr Investment Management has 0.4% invested in the company for 57,213 shares. Finally, Tarbox Family Office Inc. increased its stake in Cisco Systems by 67.9% in the 4th quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Saratoga Mgmt has 5.21% invested in Cisco Systems, Inc.

Cisco Systems Inc. may finally be turning the corner, but not fast enough for its investors. The Saratoga Research & Investment Management holds 1.94 million shares with $74.44 million value, up from 14,380 last quarter. Edinburgh Partners Ltd revealed 661,814 shares position in Cisco Systems Inc. The Michigan-based fund Managed Asset Portfolios Llc holds 544,922 shares or 6.61% of their fund's portfolio.

Revenue in the company's closely watched security business, which offers firewall protection and breach detection systems, rose 11 percent to $583 million in the third quarter. 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 it has negative earnings.

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 25th. (CSCO) declined -0.48% and closed its last trading session at $45.48.

A number of research firms have weighed in on CSCO. The stock outperformed the S&P 500 by 14.02%. Insiders own 0.05% of the company's stock. Neumann Cap Limited Liability Co invested 0.4% of its capital in Cisco Systems, Inc. (NASDAQ:CSCO) for 83,831 shs. Garland Capital holds 138,011 shs or 3.47% of its capital. Gargoyle Invest Advisor Lc reported 45,304 shares. King Luther Mngmt Corp owns 579,753 shs for 0.18% of their capital. (NASDAQ:CSCO). Wellington Grp Llp stated it has 0.76% of its portfolio in Cisco Systems, Inc. The relative volume of the stock is 0.95. Zacks Investment Research lowered shares of Cisco Systems from a "buy" rating to a "hold" rating in a research report on Monday, February 5th. (NASDAQ:CSCO). Wetherby Asset reported 110,892 shares. Palladium Prtnrs Ltd Liability holds 448,858 shares. Garland Cap Management accumulated 138,011 shs or 3.47% of the stock. Goelzer Invest owns 165,330 shs.

Annual Sales Growth in the past 5 years was 0.8 percent. SARIN ARUN had sold 14,189 shs worth $625,751 on Tuesday, February 20. 20,671 shs were sold by Goeckeler David, worth $940,559. BARTZ CAROL sold $7.59 million worth of Cisco Systems, Inc. Brown Brothers Harriman And owns 0.02% invested in Cisco Systems, Inc. (NASDAQ:CSCO) shs were sold by MCGEARY RODERICK C.

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide.

Among 39 analysts covering Cisco Systems Inc. (NASDAQ:CSCO) has "Buy" rating given by Argus Research. The firm has "Buy" rating given on Thursday, February 15 by Bank of America. On Monday, May 14 the stock of Cisco Systems, Inc. (NASDAQ:CSCO) rating. Raymond James has "Buy" rating and $50.0 target. The ratio improved, as 32 investment professionals started new or increased stock positions, while 22 sold and reduced their positions in Goldfield Corp. (NASDAQ:CSCO) earned "Underperform" rating by Credit Suisse on Thursday, August 18. RBC Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) earned "Buy" rating by KeyBanc Capital Markets. (NASDAQ:CSCO) has "Outperform" rating given on Friday, February 12 by Oppenheimer. As per Tuesday, September 5, the company rating was maintained by Jefferies. The stock presently has an average rating of "Buy" and an average target price of $45.20. The titles are as follows: "Walmart, Cisco, Macy's and More Major Earnings Coming This Week" announced on May 13, 2018, "Cisco Systems Remains Top-Performing Dow Stock" on May 12, 2018, "Cisco Systems Remains Top-Performing Dow Stock in 2018" with a publish date: April 28, 2018, "Cisco Completes Acquisition of Accompany" and the last "Research Report Identifies Cisco, Denbury Resources, EMCOR Group, Control4, Yext, and Liberty TripAdvisor with ..." with publication date: May 15, 2018.

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