Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Cadence Capital Management LLC

Cadence Capital Management LLC boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 401,686 shares of the network equipment provider’s stock after acquiring an additional 14,174 shares during the period. Cisco Systems accounts for 0.9% of Cadence Capital Management LLC’s portfolio, making the stock its 15th largest position. Cadence Capital Management LLC’s holdings in Cisco Systems were worth $12,573,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Richard Bernstein Advisors LLC boosted its holdings in Cisco Systems by 21.2% during the second quarter. Richard Bernstein Advisors LLC now owns 269,441 shares of the network equipment provider’s stock worth $8,434,000 after buying an additional 47,211 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Cisco Systems by 10.4% during the second quarter. Stratos Wealth Partners LTD. now owns 152,990 shares of the network equipment provider’s stock worth $4,789,000 after purchasing an additional 14,395 shares during the period. Eads & Heald Investment Counsel raised its position in shares of Cisco Systems by 15.7% during the second quarter. Eads & Heald Investment Counsel now owns 42,453 shares of the network equipment provider’s stock worth $1,329,000 after purchasing an additional 5,765 shares during the period. Washington Trust Bank raised its position in shares of Cisco Systems by 2.5% during the second quarter. Washington Trust Bank now owns 113,153 shares of the network equipment provider’s stock worth $3,542,000 after purchasing an additional 2,726 shares during the period. Finally, Holderness Investments Co. raised its position in shares of Cisco Systems by 12.1% during the first quarter. Holderness Investments Co. now owns 66,740 shares of the network equipment provider’s stock worth $2,256,000 after purchasing an additional 7,186 shares during the period. Institutional investors and hedge funds own 75.79% of the company’s stock.

Cisco Systems, Inc. (NASDAQ:CSCO) traded up $0.10 on Wednesday, reaching $37.41. The company had a trading volume of 16,519,297 shares, compared to its average volume of 20,414,002. The company has a market cap of $186,473.44, a P/E ratio of 17.38, a PEG ratio of 3.41 and a beta of 1.19. Cisco Systems, Inc. has a twelve month low of $29.32 and a twelve month 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.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The business had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. sell-side analysts predict that Cisco Systems, Inc. will post 2.21 EPS for the current 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 stock was sold at an average price of $32.06, for a total value of $821,954.28. Following the completion of the transaction, the chief accounting officer now directly owns 119,996 shares of the company’s stock, valued at approximately $3,847,071.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Robbins sold 121,390 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 $3,891,763.40. Following the completion of the transaction, the chief executive officer now directly owns 552,694 shares of the company’s stock, valued at $17,719,369.64. The disclosure for this sale can be found here. Insiders sold a total of 493,530 shares of company stock valued at $16,993,798 over the last ninety days. Insiders own 0.05% of the company’s stock.

A number of research firms have recently commented on CSCO. Vetr lowered 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 reaffirmed a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a research report on Monday, November 27th. Robert W. Baird reaffirmed a “buy” rating and set a $41.00 price target on shares of Cisco Systems in a research report on Tuesday. UBS reaffirmed a “buy” rating and set a $39.00 price target on shares of Cisco Systems in a research report on Thursday, November 16th. Finally, MKM Partners raised their price target on Cisco Systems to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, fourteen have given 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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