Sentry Investments Corp. Has $43.23 Million Stake in Cisco Systems, Inc. (CSCO)

Sentry Investments Corp. grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 20.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,381,000 shares of the network equipment provider’s stock after buying an additional 238,300 shares during the quarter. Sentry Investments Corp.’s holdings in Cisco Systems were worth $43,225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CSCO. Barnett & Company Inc. lifted its position in shares of Cisco Systems by 1,511.5% during the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after purchasing an additional 3,023 shares in the last quarter. Tortoise Investment Management LLC lifted its position in shares of Cisco Systems by 36.1% during the second quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after purchasing an additional 878 shares in the last quarter. Watermark Asset Management Inc. bought a new position in shares of Cisco Systems during the first quarter valued at about $122,000. Grove Bank & Trust lifted its position in shares of Cisco Systems by 141.3% during the second quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock valued at $113,000 after purchasing an additional 2,120 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. lifted its position in shares of Cisco Systems by 23.1% during the first quarter. Riggs Asset Managment Co. Inc. now owns 4,393 shares of the network equipment provider’s stock valued at $148,000 after purchasing an additional 823 shares in the last quarter. Hedge funds and other institutional investors own 75.79% of the company’s stock.

A number of research analysts recently weighed in on CSCO shares. Deutsche Bank reissued a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a research report on Tuesday, August 8th. Credit Suisse Group reissued a “buy” rating on shares of Cisco Systems in a research report on Thursday, August 10th. Drexel Hamilton reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Cisco Systems in a research report on Tuesday, August 15th. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price objective on the stock. in a research report on Wednesday, August 16th. Finally, BidaskClub raised shares of Cisco Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Two research 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. Cisco Systems presently has an average rating of “Buy” and a consensus target price of $36.80.

In other news, CAO Prat Bhatt sold 2,606 shares of Cisco Systems stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $95,092.94. Following the completion of the transaction, the chief accounting officer now owns 89,184 shares in the company, valued at $3,254,324.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the completion of the transaction, the insider now owns 712,736 shares of the company’s stock, valued at approximately $26,014,864. The disclosure for this sale can be found here. Insiders sold 493,530 shares of company stock valued at $16,993,798 in the last quarter. Corporate insiders own 0.05% of the company’s stock.

Cisco Systems, Inc. (NASDAQ CSCO) opened at $37.31 on Wednesday. The firm has a market cap of $185,510.00, a PE ratio of 17.33, a PEG ratio of 3.40 and a beta of 1.19. 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, Inc. has a 12 month low of $29.24 and a 12 month high of $38.03.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The firm had revenue of $12.14 billion during the quarter, compared to the consensus estimate 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 was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. equities research analysts expect that Cisco Systems, Inc. will post 2.21 EPS for the current fiscal year.

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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).

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

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