Watchman Group Inc. lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 15.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,301 shares of the network equipment provider’s stock after selling 770 shares during the quarter. Watchman Group Inc.’s holdings in Cisco Systems were worth $222,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Costello Asset Management INC purchased a new position in shares of Cisco Systems in the fourth quarter worth $26,000. Navis Wealth Advisors LLC bought a new stake in Cisco Systems in the fourth quarter worth $30,000. Better Money Decisions LLC bought a new stake in Cisco Systems in the first quarter worth $30,000. Goodwin Investment Advisory bought a new stake in Cisco Systems in the fourth quarter worth $31,000. Finally, Defined Wealth Management LLC bought a new stake in Cisco Systems in the fourth quarter worth $34,000. 70.62% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:CSCO traded up $0.41 during trading hours on Friday, reaching $52.90. 14,789,375 shares of the stock were exchanged, compared to its average volume of 20,934,221. The stock has a market capitalization of $223.33 billion, a P/E ratio of 21.50, a P/E/G ratio of 2.54 and a beta of 0.95. Cisco Systems, Inc. has a 52 week low of $35.28 and a 52 week high of $54.14. The company has a quick ratio of 1.54, a current ratio of 1.59 and a debt-to-equity ratio of 0.25. The firm has a 50 day simple moving average of $51.98 and a 200-day simple moving average of $46.30.
In other Cisco Systems news, CEO Charles Robbins sold 8,497 shares of Cisco Systems stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $46.20, for a total transaction of $392,561.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director M Michele Burns sold 13,982 shares of Cisco Systems stock in a transaction on Friday, March 26th. The shares were sold at an average price of $51.55, for a total value of $720,772.10. Following the sale, the director now directly owns 70,468 shares in the company, valued at approximately $3,632,625.40. The disclosure for this sale can be found here. Insiders have sold a total of 28,479 shares of company stock worth $1,393,294 in the last ninety days. 0.02% of the stock is owned by company insiders.
Cisco Systems Company Profile
Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.
Further Reading: How is diluted EPS different from basic EPS?
Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO).
Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.