Cisco to acquire software developer Springpath for United States dollars 320 mln

23 August, 2017, 18:54 | Author: Leticia Walters
  • Cisco to buy Springpath for $320M-plus

(NASDAQ:CSCO) puts the stock on today's active list. The United States Steel & Carnegie Pension Fund holds 1.83 million shares with $55.27 million value, down from 2.46 million last quarter. Tudor Inv Et Al reported 0.01% of its portfolio in Cisco Systems, Inc. The stock rose 0.26% or $0.08 reaching $31.35. (NASDAQ:CSCO) on Tuesday, May 9 to "Market Perform" rating. The network equipment provider reported $0.61 EPS for the quarter, meeting the consensus estimate of $0.61. The company's stock had a trading volume of 5,867,027 shares. About 680 shares traded. (NYSE:RRC) has declined 36.05% since August 23, 2016 and is downtrending. It has underperformed by 32.15% the S&P500.

Cisco invested in Springpath in January 2016, at which point Springpath's total funding was around $34m. Dynamic Advisors Solutions LLC boosted its stake in shares of Cisco Systems by 0.8% in the first quarter. Sold All: 81 Reduced: 635 Increased: 651 New Position: 117.

Kaustubh Das, Cisco's vice president of product management for HyperFlex, an integrated hyperconverged infrastructure system, tells Channel Partners the acquisition is expected to have minimal impact on existing Cisco partners. (NASDAQ:CSCO) for 92,421 shares. It turned negative, as 6 investors sold Arbor Realty Trust Inc shares while 20 reduced holdings. The Kentucky-based Stock Yards Bancorp And Tru Communication has invested 0.26% in Cisco Systems, Inc.

Shares of Cisco Systems, Inc. The investment managers in our partner's database now have: 3.60 billion shares, up from 3.58 billion shares in 2016Q3. Aviance Capital Ltd Llc accumulated 327,889 shares. Finally, WealthTrust Axiom LLC boosted its stake in shares of Cisco Systems by 10.1% in the first quarter.

Cisco Systems, Inc. (CSCO) has been given an average price target of $35.8 from analysts, according to data collected by Finviz. (NASDAQ:CSCO) for 300,784 shares. Lynch & Associates IN's holdings in Cisco Systems were worth $3,166,000 as of its most recent filing with the SEC. Now the P/E of Cisco Systems, Inc.

Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. Therefore 64% are positive.

Yet another important factor while evaluating a good buy/sell decision for Cisco Systems, Inc. The legal version of this article can be viewed at https://weekherald.com/2017/08/23/dowling-yahnke-llc-has-7-12-million-position-in-cisco-systems-inc-csco.html. The firm has "Buy" rating given on Thursday, June 29 by Robert W. Baird. Bernstein maintained the shares of CSCO in report on Tuesday, September 1 with "Buy" rating. Alphaone Inv Svcs Limited Liability Corp stated it has 3.01% in Cisco Systems, Inc. (NASDAQ:CSCO), 23 have Buy rating, 0 Sell and 13 Hold. The firm has "Underperform" rating given on Thursday, August 18 by Credit Suisse. The firm has "Hold" rating given on Friday, November 18 by Stifel Nicolaus. The company was maintained on Thursday, February 11 by Deutsche Bank. The rating was maintained by BMO Capital Markets with "Outperform" on Thursday, May 19.

Since February 24, 2017, it had 0 insider purchases, and 5 sales for $13.58 million activity. $2.94 million worth of Cisco Systems, Inc. 295,538 shares valued at $10.07M were sold by CHAMBERS JOHN T on Thursday, February 23. $544,640 worth of Cisco Systems, Inc. The stock is now showing its Return on Assets (ROA) value of 7.6 Percent. BHATT PRAT sold $537,050 worth of stock or 15,672 shares.

Investors sentiment decreased to 0.68 in 2016 Q4. Its down 0.81, from 2.01 in 2016Q3. Salem Invest Counselors Inc accumulated 0% or 500 shares. (NASDAQ:CSCO) for 331,089 shares. 84,414 were reported by Geode Cap Llc. Bluemountain Capital Mngmt Ltd Liability, a New York-based fund reported 71,300 shares. Tci Wealth Incorporated reported 5,394 shares. Hartford Investment Mgmt Co has invested 0.16% in McKesson Corporation (NYSE:MCK). (NASDAQ:FARM). Geduld E E has 0.21% invested in Farmer Brothers Co. (NYSE:RRC). Nomura Asset Mngmt Ltd owns 23,810 shares for 0.01% of their portfolio. Shelton Management stated it has 370,568 shares or 1.02% of all its holdings.

Since March 1, 2017, it had 0 buys, and 8 selling transactions for $21.55 million activity. The insider Walker Karen sold $244,125.

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