First Trust Advisors LP Raises Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Arizona State Retirement System reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 163,114 shares of the network equipment provider's stock after purchasing an additional 4,109 shares during the quarter. Mitsubishi UFJ Securities Holdings Co.

A number of institutional investors have recently made changes to their positions in CSCO.

American International Group Inc lowered its stake in Cisco Systems Inc shares by 1.0% in the quarter ending 09/30/2017. Lsv Asset Management added to its position by buying 521,245 shares an increase of 1.9% in the quarter. Schwab Charles Investment Management Inc. now owns 17,004,668 shares of the network equipment provider's stock worth $532,247,000 after buying an additional 558,915 shares in the last quarter. LLC raised its stake in shares of Cisco Systems by 0.3% in the 2nd quarter. J.Safra Asset Management Corp now owns 66,598 shares of the network equipment provider's stock valued at $1,896,000 after buying an additional 21,346 shares during the period. Great West Life Assurance Co. Legal & General Group Plc grew its position in Cisco Systems by 2.4% in the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider's stock valued at $101,000 after purchasing an additional 3,023 shares during the last quarter. The value of the total investment in Cisco Systems Inc went from $742,636,000 to $752,079,000 a change of $9,443,000 for the reporting period. Ubs Asset Management Americas Inc now owns 13,542 shares worth $455,417,000.

Cisco Systems, Inc. has a one year low of $29.12 and a one year high of $34.75. (NASDAQ:CSCO) news were published by: which released: "Cisco: An Undervalued Dividend Stock Jewel" on November 09, 2017, also with their article: "Cisco: What Matters Most Ahead Of Earnings" published on November 08, 2017, published: "Cisco: Those Who Lie In Wait" on October 16, 2017. The company has a market capitalization of $168,311.06, a PE ratio of 15.66, a PEG ratio of 2.97 and a beta of 1.15. Pitcairn Company reported 0.11% in Cisco Systems, Inc. Citigroup maintained the stock with "Buy" rating in Tuesday, August 9 report. The business earned $12.60 billion during the quarter, compared to the consensus estimate of $12.57 billion.

Looking at some ROIC (Return on Invested Capital) numbers, Cisco Systems, Inc. Cisco Systems's quarterly revenue was down 4.0% compared to the same quarter a year ago.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Thursday, October 5th were given a dividend of $0.29 per share. As per Wednesday, October 18, the company rating was maintained by RBC Capital Markets. This represents a $1.16 annualized dividend and a yield of 3.40%.

The current ratio for Cisco Systems, Inc.

COPYRIGHT VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & worldwide copyright & trademark legislation. The correct version of this news story can be read at The stock was sold at an average price of $32.06, for a total transaction of $740,906.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Karen Walker sold 23,110 shares of the firm's stock in a transaction on Wednesday, September 13th. CHAMBERS JOHN T sold 295,537 shares worth $9.31M. Following the completion of the transaction, the senior vice president now owns 192,774 shares of the company's stock, valued at approximately $6,180,334.44. The disclosure for this sale can be found here. Following the transaction, the director now directly owns 23,104 shares of the company's stock, valued at $722,000.

Several equities research analysts recently issued reports on CSCO shares. Cowen & Co has "Buy" rating and $58.0 target.

Baird reiterated their buy rating on shares of Cisco Systems, Inc. Vetr raised shares of Cisco Systems from a "hold" rating to a "buy" rating and set a $35.02 target price on the stock in a research note on Wednesday, September 6th. Lodestar Investment Counsel Llc bought 128,909 shares as the company's stock declined 7.50% while stock markets rallied. Finally, Berenberg Bank set a $33.00 price target on Cisco Systems and gave the stock a "hold" rating in a research report on Thursday, August 17th. Oppenheimer Holdings Inc.'s price target suggests a potential upside of 12.14% from the company's current price.

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Firm operates through three geographic divisions: Americas; Europe, the Middle East and Africa, and Asia Pacific, Japan and China (APJC).

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