NTV Asset Management LLC boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 16.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,907 shares of the network equipment provider’s stock after purchasing an additional 11,062 shares during the period. NTV Asset Management LLC’s holdings in Cisco Systems were worth $2,469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CSCO. Dowling & Yahnke LLC lifted its holdings in Cisco Systems by 0.3% during the 1st quarter. Dowling & Yahnke LLC now owns 210,778 shares of the network equipment provider’s stock worth $7,124,000 after buying an additional 681 shares during the last quarter. Lourd Capital LLC lifted its holdings in Cisco Systems by 16.1% during the 1st quarter. Lourd Capital LLC now owns 19,244 shares of the network equipment provider’s stock worth $650,000 after buying an additional 2,670 shares during the last quarter. Verity & Verity LLC lifted its holdings in Cisco Systems by 5.2% during the 1st quarter. Verity & Verity LLC now owns 241,712 shares of the network equipment provider’s stock worth $8,169,000 after buying an additional 11,972 shares during the last quarter. Greenleaf Trust lifted its holdings in Cisco Systems by 1.2% during the 1st quarter. Greenleaf Trust now owns 35,247 shares of the network equipment provider’s stock worth $1,191,000 after buying an additional 417 shares during the last quarter. Finally, Cedar Wealth Management LLC lifted its holdings in Cisco Systems by 3.0% during the 1st quarter. Cedar Wealth Management LLC now owns 12,785 shares of the network equipment provider’s stock worth $432,000 after buying an additional 370 shares during the last quarter. 75.66% of the stock is owned by hedge funds and other institutional investors.

In other news, CAO Prat Bhatt sold 2,606 shares of Cisco Systems stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $95,092.94. Following the transaction, the chief accounting officer now directly owns 89,184 shares in the company, valued at approximately $3,254,324.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Karen Walker sold 23,110 shares of Cisco Systems stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $740,906.60. Following the transaction, the senior vice president now owns 192,774 shares in the company, valued at $6,180,334.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 493,530 shares of company stock worth $16,993,798. 0.05% of the stock is owned by insiders.

A number of research analysts have commented on the company. Vetr downgraded Cisco Systems from a “hold” rating to a “sell” rating and set a $35.93 target price on the stock. in a report on Wednesday. Credit Suisse Group reaffirmed a “buy” rating on shares of Cisco Systems in a report on Thursday, August 10th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $38.00 target price on shares of Cisco Systems in a report on Sunday, August 20th. BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 target price on shares of Cisco Systems in a report on Thursday, September 28th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Cisco Systems in a report on Friday, August 18th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $36.80.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) opened at $37.60 on Friday. Cisco Systems, Inc. has a 1 year low of $29.12 and a 1 year high of $38.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. The company has a market capitalization of $184,397.09, a P/E ratio of 17.19, a P/E/G ratio of 3.37 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The firm had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same period last year, the firm earned $0.61 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. equities analysts anticipate that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.

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Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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