Private Ocean LLC continued to hold its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,508 shares of the network equipment provider’s stock at the end of the 2nd quarter. Private Ocean LLC’s holdings in Cisco Systems were worth $141,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Southeast Asset Advisors Inc. raised its holdings in Cisco Systems by 0.5% during the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock worth $312,000 after purchasing an additional 44 shares in the last quarter. Ronald Blue & Co. LLC grew its position in Cisco Systems by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock worth $561,000 after buying an additional 57 shares during the last quarter. Banced Corp grew its position in Cisco Systems by 0.4% in the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock worth $442,000 after buying an additional 59 shares during the last quarter. Delta Asset Management LLC TN grew its position in Cisco Systems by 0.4% in the second quarter. Delta Asset Management LLC TN now owns 17,489 shares of the network equipment provider’s stock worth $547,000 after buying an additional 72 shares during the last quarter. Finally, Telemus Capital LLC grew its position in Cisco Systems by 0.6% in the second quarter. Telemus Capital LLC now owns 12,235 shares of the network equipment provider’s stock worth $383,000 after buying an additional 72 shares during the last quarter. 75.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cisco Systems, Inc. (CSCO) opened at $37.60 on Monday. The stock has a market cap of $185,880.19, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 3.40 and a beta of 1.19. Cisco Systems, Inc. has a 52 week low of $29.12 and a 52 week high of $38.03. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. equities research analysts expect that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

In other Cisco Systems news, CAO Prat Bhatt sold 25,638 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 transaction of $821,954.28. Following the completion of the sale, the chief accounting officer now owns 119,996 shares of the company’s stock, valued at approximately $3,847,071.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark D. Chandler sold 65,000 shares of Cisco Systems stock in a transaction on Monday, September 18th. The shares were sold at an average price of $32.43, for a total transaction of $2,107,950.00. The disclosure for this sale can be found here. Insiders have sold a total of 493,530 shares of company stock valued at $16,993,798 in the last three months. Company insiders own 0.05% of the company’s stock.

Several research analysts have issued reports on the stock. Vetr lowered shares of Cisco Systems from a “hold” rating to a “sell” rating and set a $35.93 price target on the stock. in a research report on Wednesday, November 29th. Sanford C. Bernstein restated a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a research report on Monday, November 27th. Robert W. Baird restated a “buy” rating on shares of Cisco Systems in a research report on Thursday, November 16th. UBS restated a “buy” rating and issued a $39.00 price target on shares of Cisco Systems in a research report on Thursday, November 16th. Finally, MKM Partners lifted their price target on shares of Cisco Systems to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. Cisco Systems presently has a consensus rating of “Buy” and a consensus target price of $36.80.

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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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