Cisco Systems, Inc. (CSCO) Files Form 4 Insider Selling : John L Hennessy Sells 15,000 Shares

Cisco Systems, Inc. (CSCO): John L Hennessy , director of Cisco Systems, Inc. sold 15,000 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $31.25 per share for a total value of $468,787.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 23, 2016, Mark D Chandler (SVP, LglSrvs & General Counsel) sold 62,910 shares at $31.40 per share price.On Sep 22, 2016, Karen Walker (SVP & Chief Marketing Officer) sold 10,244 shares at $31.17 per share price.Also, On Sep 16, 2016, Chris Dedicoat (EVP, Worldwide Sales & Fld Ops) sold 60,000 shares at $30.87 per share price.On Sep 13, 2016, Charles Robbins (Chief Executive Officer) sold 148,800 shares at $31.01 per share price.

Cisco Systems: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Cisco Systems which led to swings in the share price. The shares opened for trading at $31.5 and hit $31.8 on the upside , eventually ending the session at $31.66, with a gain of 0.96% or 0.3 points. The heightened volatility saw the trading volume jump to 2,02,61,859 shares. The 52-week high of the share price is $31.95 and the company has a market cap of $158,754 M . The 52-week low of the share price is at $22.46.

Cisco Systems Money Flow Index Chart

On Sep 9, 2016, Cisco Systems announced a cash dividend of $0.2600. The company’s management has announced Oct 3, 2016 as the ex-dividend date and fixed the record date on Oct 5, 2016. The payable date has been fixed on Oct 26, 2016.

Company has been under the radar of several Street Analysts.Cisco Systems is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 37 from a previous price target of $35 .The Rating was issued on Sep 14, 2016.Cisco Systems is Reiterated by Jefferies to Buy and the brokerage firm has raised the Price Target to $ 35 from a previous price target of $30.75 .The Rating was issued on Aug 17, 2016.Cisco Systems is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 35 from a previous price target of $33 .The Rating was issued on Jul 28, 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.

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