Hot On The Charts: Arrowhead Pharmaceuticals, Inc. (ARWR), Cisco Systems, Inc. (CSCO)

Raymond James Financial Inc. increased their price objective on Cisco Systems from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Friday, September 23rd. Grove Bank & Trust now owns 3,620 shares of the network equipment provider's stock valued at $113,000 after purchasing an additional 2,120 shares during the last quarter. Cisco Systems comprises 0.8% of Arizona State Retirement System's holdings, making the stock its 21st largest holding.

Several other institutional investors have also bought and sold shares of CSCO. Foundry Partners LLC purchased a new stake in Cisco Systems in the second quarter valued at approximately $12,460,000.

Historically speaking, the stock's post-earnings reactions have tended to be lackluster, with CSCO closing lower the next day in five out of the last eight quarters - including a 4% dip in August and a 7.2% drop in May. Amf Pensionsforsakring Ab bolstered its investment by buying 586,059 shares an increase of 14.3% in the quarter. Great West Life Assurance Co. BlackRock Japan Co. Ltd raised its position in shares of Cisco Systems by 1.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,620 shares of the network equipment provider's stock valued at $927,000 after purchasing an additional 573 shares in the last quarter. Barnett & Company Inc. lifted its position in Cisco Systems by 1,511.5% in the 2nd quarter. Baystate Wealth Management LLC now owns 7,537 shares of the network equipment provider's stock valued at $146,000 after buying an additional 1,484 shares during the period. The Dow stock started the month off strong, touching a 16-year high of $34.75 on November 1. (NASDAQ:CSCO) has "Buy" rating given on Tuesday, October 10 by Piper Jaffray. Cisco Systems, Inc. The stock has a market capitalization of $168,311.06, a P/E ratio of 15.66, a P/E/G ratio of 2.97 and a beta of 1.15. Cisco Systems's quarterly revenue was down 4.0% on a year-over-year basis. equities analysts predict that Cisco Systems, Inc. will post 2.18 earnings per share for the current fiscal year. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since November 14, 2016 and is uptrending. Legal & General Group Plc now owns 26,334,633 shares of the network equipment provider's stock worth $824,310,000 after acquiring an additional 618,346 shares in the last quarter. The firm had revenue of $12.13 billion for the quarter, compared to analysts' expectations of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. Cisco Systems's quarterly revenue was down 4.0% compared to the same quarter a year ago. OLD Dominion Capital Management Inc. raised its stake in Cisco Systems by 1.2% in the second quarter. Investors of record on Thursday, October 5th were given a dividend of $0.29 per share. Howard Weil downgraded PBF Energy Inc (NYSE:PBF) on Wednesday, October 19 to "Sector Outperform" rating. This represents a $1.04 annualized dividend and a dividend yield of 3.43%. Cisco Systems's dividend payout ratio (DPR) is presently 60.73%.

COPYRIGHT VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was illegally copied and republished in violation of USA & global copyright & trademark legislation. The correct version of this news story can be read at The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Prat Bhatt sold 25,638 shares of the business's stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $821,954.28. The disclosure for this sale can be found here.

The stock decreased 1.66% or $0.52 during the last trading session, reaching $30.77. It is positive, as 90 investors sold CSCO shares while 594 reduced holdings. Credit Suisse Group reissued a "buy" rating on shares of Cisco Systems in a research note on Thursday, August 10th. On Thursday, June 1 the stock rating was maintained by RBC Capital Markets with "Hold". (NASDAQ:CSCO) has "Buy" rating given on Wednesday, September 6 by RBC Capital Markets. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-two have issued a buy rating to the company.

On October 31 Oppenheimer Holdings made no change to the company rating of "Buy" projecting a price of $36.00.

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world.