Cisco to acquire software developer Springpath for Dollars 320 mln

Cisco to buy Springpath for $320M-plus

The Arete Wealth Advisors Llc holds 3,861 shares with $2.90M value, up from 701 last quarter. Williams Clayton Energy Inc now has $2.34 billion valuation. The stock is now trading -0.88% below its SMA 50 and -1.96% below its SMA 200. Moreover, Jupiter Asset Management Ltd has 8.31% invested in the company for 7.37 million shares. It has outperformed by 20.71% the S&P500. Cisco Systems, Inc. (CSCO) maintained activity of 20.86 million shares that trade hands on average basis while its relative volume is 1.15. The Broderick Brian C holds 66,519 shares with $2.01M value, down from 77,284 last quarter.

Cisco (NASDAQ:CSCO) announced its intent to acquire Springpath, Inc., a Sunnyvale-based leader in hyperconvergence software. "(CSCO) Stock Dips on Toothless Q4 Earnings" on August 16, 2017.

About 869,545 shares traded.

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Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 16th. It has underperformed by 3.50% the S&P500. The combination of Springpath's software with the Cisco Unified Computing System led to the launch of the company's Hyperflex platform in 2016, which has attracted over 1,800 customers in the past year. (CSCO) is 0.61 while the analysts predicted the EPS of the stock to be 0.61 suggesting the company fell short of the analysts' expectations. CSCO was included in 105 notes of analysts from August 4, 2015. The firm has "Buy" rating given on Thursday, February 11 by Deutsche Bank.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) on Friday, May 26 with "Buy" rating. The firm's revenue was down 4.0% compared to the same quarter a year ago. Jefferies maintained the shares of CSCO in report on Thursday, August 13 with "Hold" rating. Barclays Capital maintained it with "Overweight" rating and $31 target in Thursday, May 19 report. Cisco Systems's dividend payout ratio (DPR) is presently 60.73%. The mean rating score for this stock is at 2.20.

Investors sentiment decreased to 1.07 in 2016 Q4. Sold All: 81 Reduced: 635 Increased: 651 New Position: 117. Finally, Manchester Capital Management LLC raised its position in Cisco Systems by 10.7% in the second quarter. Holt Capital Limited Liability Corporation Dba Holt Capital Prtn Lp holds 0.34% or 30,725 shares in its portfolio. Following the completion of the sale, the senior vice president now owns 178,577 shares of the company's stock, valued at approximately $5,587,674.33. BMO Capital Markets maintained the shares of CSCO in report on Wednesday, June 28 with "Hold" rating. Tcw accumulated 6.90M shares. "11" Analysts notified the investors of the company to "Hold" stock. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider's stock worth $113,000 after buying an additional 350 shares during the period. Dixon Hubard Feinour Brown Va owns 63,972 shares. Marsico Mngmt Ltd Liability Co reported 377,027 shares stake. While looking the figure depicted by the Price to Earning we can suggest that the shares of Cisco Systems, Inc. Also, the number of investment managers holding Cisco Systems Inc in their top 10 equity positions decreased from 202 to 138 for a decrease of 64. (NASDAQ:CSCO). 45,700 are held by Dorsey Whitney Trust Limited Liability. The ex-dividend date was Wednesday, July 5th. Cincinnati Financial Corp has 3.93% invested in Cisco Systems, Inc. Duncker Streett And Com accumulated 53,308 shares or 0.54% of the stock. (NASDAQ:CSCO). Sol Cap Management Co reported 0.52% in Cisco Systems, Inc. (NASDAQ:CSCO) or 383,477 shares. The insider CHAMBERS JOHN T sold 295,537 shares worth $9.31M. Cleararc Incorporated reported 174,089 shares. Pfizer Inc Com (NYSE:PFE) was raised too. During the same quarter past year, the firm posted $0.63 earnings per share. Therefore 93% are positive. Shareholders of record on Friday, July 7th were given a $0.29 dividend. Robert W. Baird reaffirmed a "buy" rating on shares of Cisco Systems in a report on Monday, May 1st. The rating was maintained by Bernstein on Wednesday, June 21 with "Buy". William Blair has a "Outperform" rating on the stock.

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