Cisco to acquire Springpath in $320 million deal

24 August, 2017, 03:06 | Author: Manuel Hopkins
  • PM ET Cisco Puts Up $320M for Springpath Says deal factors into its software-focused next-gen data center product strategy

Shareholders of record on Friday, July 7th were given a dividend of $0.29 per share. It is down 21.94% since August 23, 2016 and is uptrending. It has outperformed by 20.71% the S&P500.

Notis-Mcconarty Edward decreased Cisco Sys Inc (CSCO) stake by 22.63% reported in 2016Q4 SEC filing.

Tweedy Browne Co Llc holds 10.85% of its portfolio in Cisco Systems, Inc. for 11.49 million shares. Cisco Syst now has $156.35B valuation.

This article is being republished as part of our daily reproduction of articles that also appeared in the USA print edition of The Wall Street Journal (August 22, 2017).

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Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 16th. It has underperformed by 3.50% the S&P500. The Springpath team will become part of Cisco's Computing Systems Product Group. Fourteen research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Therefore 64% are positive. Jackson Grant Investment Advisers Inc. raised its position in shares of Cisco Systems by 4,150.0% in the fourth quarter. Vetr downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating and set a $37.03 target price for the a research report on Wednesday, April 26th. St Germain D J Inc invested 1.81% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm has "Buy" rating given on Tuesday, August 4 by Zacks. FBR Capital maintained the stock with "Mkt Perform" rating in Friday, August 5 report. The company was maintained on Thursday, August 13 by Goldman Sachs. The firm earned "Equal-Weight" rating on Thursday, August 18 by Morgan Stanley.

Cisco Systems (CSCO) traded up 2.0512% during trading on Monday, reaching $31.3093.

Investors sentiment decreased to 1.07 in Q4 2016. The stock's short float is around of 0.79% and short ratio is 1.87. It worsened, as 81 investors sold CSCO shares while 635 reduced holdings. Finally, Manchester Capital Management LLC raised its position in Cisco Systems by 10.7% in the second quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider's stock worth $104,000 after buying an additional 878 shares during the period. Southeast Asset Advisors owns 9,189 shares. Cs Mckee Ltd Partnership accumulated 1.98% or 858,365 shares. It fall, as 87 investors sold Harman International Industries Inc shares while 161 reduced holdings. Pax World Mngmt Ltd Liability has invested 0.01% in McKesson Corporation (NYSE:MCK). Dalton Greiner Hartman Maher And Communications owns 724,373 shares. Dixon Hubard Feinour Brown Va owns 63,972 shares. Bristol John W Co Incorporated Ny reported 2.18% stake. (NASDAQ:CSCO) on Wednesday, March 15. The ex-dividend date was Wednesday, July 5th. Springpath's advanced storage technology is well suited for high-volume storage applications, such as the Cisco Tetration Analytics platform, and opens up the possibility of improved orchestration capabilities for containers and virtual machines, an area where Cisco has little experience, he said. Its up 1.48% from 20.72M shares previously. (NASDAQ:CSCO) for 1.07M shares. (NASDAQ:CSCO) or 12.98M shares. 178.60 million shares or 5.89% less from 189.78 million shares in 2016Q3 were reported. It also upped Vanguard Index Fds (VNQ) stake by 9,727 shares and now owns 16,537 shares. Pfizer Inc Com (NYSE:PFE) was raised too. Horan Mngmt holds 324,826 shares. The stock presently has an average rating of "Buy" and a consensus price target of $35.47. The firm has "Buy" rating given on Thursday, June 29 by Robert W. Baird. The stock of, Inc. The rating was maintained by Jefferies on Wednesday, August 17 with "Buy".


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