Cisco Systems, Inc. (CSCO): Pankaj Patel , EVP, Chief Development Officer of Cisco Systems, Inc. sold 125,000 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $28.60 per share for a total value of $3,578,720.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 24, 2016, Chris Dedicoat (EVP, Worldwide Sales) sold 31,800 shares at $27.93 per share price.On Mar 24, 2016, Prat Bhatt (SVP, Corp Controller & CAO) sold 50,000 shares at $28.24 per share price.Also, On Mar 24, 2016, Pankaj Patel (EVP, Chief Development Officer) sold 35,814 shares at $28.08 per share price.On Mar 21, 2016, Kristina M Johnson (director) sold 5,000 shares at $28.28 per share price.
Cisco Systems: On Wednesday, May 25, 2016 heightened volatility was witnessed in Cisco Systems which led to swings in the share price. The shares opened for trading at $28.58 and hit $29 on the upside , eventually ending the session at $28.92, with a gain of 1.58% or 0.45 points. The heightened volatility saw the trading volume jump to 2,57,29,608 shares. The 52-week high of the share price is $29.62 and the company has a market cap of $145,529 M . The 52-week low of the share price is at $22.46.
Company has been under the radar of several Street Analysts.Cisco Systems is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 33 from a previous price target of $31 .The Rating was issued on May 19, 2016.Cisco Systems is Reiterated by Wunderlich to Hold and the brokerage firm has raised the Price Target to $ 27 from a previous price target of $24 .The Rating was issued on May 19, 2016.Cisco Systems is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 31 from a previous price target of $29 .The Rating was issued on May 19, 2016.Cisco Systems is Upgraded by JP Morgan to Neutral and the brokerage firm has raised the Price Target to $ 27.50 from a previous price target of $17 .Earlier the firm had a rating of Underweight on the company shares. The Rating was issued on Apr 6, 2016.Cisco Systems is Downgraded by BofA/Merrill to Neutral and the brokerage firm has raised the Price Target to $ 30 from a previous price target of $27 .Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 5, 2016.
Cisco System Inc. (Cisco) designs and sells lines of products provides services and delivers integrated solutions to develop and connect networks around the world building the Internet. The Company is engaged in designing manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. The Company operates its business through three segments: The Americas; Europe Middle East and Africa (EMEA) and Asia Pacific Japan and China (APJC). It groups its products and technologies into the various categories such as Switching Next-Generation Network (NGN) Routing Collaboration Service Provider Video Data Center Wireless Security and Other Products. In addition to its product offerings it provides a range of service offerings including technical support services and advanced services.