Brandywine Global Investment Management LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,750,485 shares of the network equipment provider’s stock after selling 254,105 shares during the quarter. Cisco Systems accounts for 1.7% of Brandywine Global Investment Management LLC’s portfolio, making the stock its 6th largest position. Brandywine Global Investment Management LLC owned about 0.18% of Cisco Systems worth $273,891,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Cisco Systems by 2.2% during the second quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock valued at $11,021,378,000 after purchasing an additional 7,411,891 shares during the period. American Century Companies Inc. lifted its position in Cisco Systems by 54.2% during the second quarter. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider’s stock valued at $449,544,000 after purchasing an additional 5,049,326 shares during the period. Parametric Portfolio Associates LLC lifted its position in Cisco Systems by 36.1% during the second quarter. Parametric Portfolio Associates LLC now owns 13,415,432 shares of the network equipment provider’s stock valued at $419,903,000 after purchasing an additional 3,559,275 shares during the period. Nordea Investment Management AB lifted its position in Cisco Systems by 12.1% during the second quarter. Nordea Investment Management AB now owns 31,396,260 shares of the network equipment provider’s stock valued at $982,703,000 after purchasing an additional 3,384,768 shares during the period. Finally, Karp Capital Management Corp bought a new position in Cisco Systems during the first quarter valued at approximately $109,564,000. Hedge funds and other institutional investors own 75.79% of the company’s stock.

Shares of Cisco Systems, Inc. (CSCO) opened at $37.61 on Friday. Cisco Systems, Inc. has a twelve month low of $29.73 and a twelve month high of $38.03. The firm has a market cap of $184,940.91, a PE ratio of 17.24, a P/E/G ratio of 3.38 and a beta of 1.19. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39.

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

In other news, CAO Prat Bhatt sold 25,638 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $821,954.28. Following the completion of the sale, the chief accounting officer now owns 119,996 shares in the company, valued at approximately $3,847,071.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Charles Robbins sold 121,390 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction of $3,891,763.40. Following the completion of the sale, the chief executive officer now owns 552,694 shares of the company’s stock, valued at approximately $17,719,369.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 493,530 shares of company stock valued at $16,993,798. Company insiders own 0.05% of the company’s stock.

Several research analysts have weighed in on the stock. Robert W. Baird reiterated a “buy” rating and issued a $41.00 price target on shares of Cisco Systems in a research report on Tuesday. Vetr downgraded 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 reiterated a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a research report on Monday, November 27th. Argus increased their price target on shares of Cisco Systems from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Finally, Cowen reiterated a “buy” rating on shares of Cisco Systems in a research report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Cisco Systems currently has an average rating of “Buy” and an average target price of $36.90.

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Cisco Systems 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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