Cisco Systems, Inc. (CSCO) Files Form 4 Insider Selling : Chris Dedicoat Sells 34,597 Shares

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Cisco Systems, Inc. (CSCO): Chris Dedicoat , EVP, Worldwide Sales & Fld Ops of Cisco Systems, Inc. sold 34,597 shares on Feb 24, 2017. The Insider selling transaction was reported by the company on Feb 24, 2017 to the Securities and Exchange Commission. The shares were sold at $34.12 per share for a total value of $1,180,453.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 24, 2017, Arun Sarin (director) sold 13,869 shares at $34.06 per share price.On Feb 24, 2017, Roderick C Mcgeary (director) sold 10,000 shares at $34.07 per share price.Also, On Feb 24, 2017, John T Chambers (Executive Chairman) sold 295,538 shares at $34.05 per share price.On Feb 24, 2017, Steven M West (director) purchased 3,027 shares at $33.92 per share price.

Shares of Cisco Systems (CSCO) ended Wednesday, Feb 22, 2017 session in red amid volatile trading. The shares closed down -0.04 points or -0.12% at $34.09 with 2,66,32,725 shares getting traded. Post opening the session at $34.04, the shares hit an intraday low of $33.66 and an intraday high of $34.1485 and the price vacillated in this range throughout the day. The company has a market cap of $171,124 M and the number of outstanding shares has been calculated to be 5,01,97,58,900 shares. The 52-week high of Cisco Systems is $34.21 and the 52-week low is $25.65.

Cisco Systems Money Flow Index Chart

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 $ 37 from a previous price target of $35 .The Rating was issued on Feb 16, 2017.

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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Elaine Donovan

For any feedback contact Elaine Donovan at Elaine.Donovan@themarketdigest.org

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