Here is a rundown on some insider market activity for Cisco Systems, Inc. (NASDAQ:CSCO). Karen Walker, Sr VP sold $740,907 worth of shares at an average price of $32.06 on Wed the 13th. That brings Walker’s holdings to $4,540,273 per an SEC filing yesterday. CEO Charles Robbins sold 121,390 shares at an average price of $32.06 on Wed the 13th. That brings the CEO’s holdings to $9,874,993 as reported to the SEC.
Sr VP Prat Bhatt sold 25,638 shares at an average price of $32.06 on September 13th. Bhatt now owns $2,320,631 of stock as recorded in a recent Form 4 SEC filing.
Cisco Systems, Inc. (Cisco), launched on December 10, 1984, designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East, and Africa (EMEA), and Asia Pacific, Japan and China (APJC). The Company groups its products and technologies into the various categories, such as Switching; Next-Generation Network (NGN) Routing; Collaboration; Data Center; Wireless; Service Provider Video; Security, and Other Products. In addition to its product offerings, the Company provides a range of service offerings, including technical support services and advanced services. The Company delivers its technology and services to its customers as solutions for their priorities, including cloud, video, mobility, security, collaboration and analytics. The Company helps its customers build networks and automate, orchestrate, integrate and digitize information technology (IT)-based products and services. It serves customers, including businesses of all sizes, public institutions, governments and service providers..
Additionally, here are a few investment firms who have increased or decreased their stake in (CSCO). Perigon Wealth Management, LLC grew its investment by buying 6,394 shares an increase of 3.7% from 03/31/2017 to 06/30/2017. Perigon Wealth Management, LLC currently owns 179,705 shares valued at $5,625,000. The total value of its holdings decreased 4.0%. Gwm Advisors LLC expanded its position by buying 28,242 shares an increase of 14.9% in the quarter. Gwm Advisors LLC claims 217,809 shares worth $6,747,716,000. The value of the position overall is up by 107,811.7%.
As of quarter end Cantab Capital Partners Llp had bought a total of 15,519 shares growing its stake by 17.3%. The value of the company’s investment in Cisco Systems, Inc. increased from $3,032,000 to $3,293,000,000 increasing 108,508.2% since the last quarter. Next Financial Group, Inc added to its ownership by buying 3,394 shares an increase of 7.8%. Next Financial Group, Inc now holds 46,992 shares with a value of $1,471,000,000. The value of the position overall is up by 98,957.2%.
The company is now down since yesterday’s close of 32.41. The company announced a dividend for shareholders which was paid on Wednesday July 26th, 2017. The dividend was $0.290 per share for the quarter or $1.16 annualized. This dividend represents a yeild of $3.68 which is the dividend as a percentage of the current share price. The ex-dividend date was Wednesday the 5th of July 2017.
The stock last traded at $32.16 a tad higher than the 50 day moving average of $31.62 and a tad below the 200 day moving average of $32.48. The 50 day moving average was up $0.54 and the 200 day average moved down $-0.32.
Cisco Systems, Inc.’s P/E ratio is 16.93 and market capitalization is 159.25B. As of the last earnings report the EPS was $1.90 and is expected to be $2.43 for the current year with 4,951,956,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.58 and the next full year EPS is anticipated to be $2.55.
Traders are feeling more bearish on shares of the company lately at least if you consider the increase in short interest. The company had a rise in short interest of 4.24% as of August 15, 2017 from the last reporting period. Short interest increased from 39,009,266 to 40,664,338 over that timeframe. With short interest at 40,664,338 and short average daily volume at 17,713,928, days to cover is 2.0 and the percentage of shorted shares is 0.02% as of August 15.