Blue Fin Capital Inc. boosted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,073 shares of the network equipment provider’s stock after buying an additional 130 shares during the period. Blue Fin Capital Inc.’s holdings in Cisco Systems were worth $1,050,000 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. Fisher Asset Management LLC boosted its stake in shares of Cisco Systems by 0.7% in the first quarter. Fisher Asset Management LLC now owns 15,693,906 shares of the network equipment provider’s stock valued at $530,454,000 after buying an additional 108,056 shares during the last quarter. Strs Ohio boosted its stake in shares of Cisco Systems by 11.8% in the first quarter. Strs Ohio now owns 5,991,681 shares of the network equipment provider’s stock valued at $202,518,000 after buying an additional 634,331 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Cisco Systems by 0.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 4,762,685 shares of the network equipment provider’s stock valued at $160,978,000 after buying an additional 38,249 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Cisco Systems by 0.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 4,475,000 shares of the network equipment provider’s stock valued at $151,255,000 after buying an additional 12,000 shares during the last quarter. Finally, Hexavest Inc. boosted its stake in shares of Cisco Systems by 5.3% in the first quarter. Hexavest Inc. now owns 4,169,482 shares of the network equipment provider’s stock valued at $140,928,000 after buying an additional 211,677 shares during the last quarter. Hedge funds and other institutional investors own 74.68% of the company’s stock.

Cisco Systems, Inc. (CSCO) traded up 0.2013% during mid-day trading on Monday, reaching $31.5033. The company’s stock had a trading volume of 2,618,127 shares. Cisco Systems, Inc. has a 12-month low of $29.12 and a 12-month high of $34.60. The firm has a market cap of $157.30 billion, a PE ratio of 16.5807 and a beta of 1.24. The company has a 50-day moving average price of $31.47 and a 200-day moving average price of $32.56.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.61. The company had revenue of $12.13 billion during the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. On average, equities research analysts expect that Cisco Systems, Inc. will post $2.43 earnings per share for the current year.

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Several brokerages have recently weighed in on CSCO. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $36.00 price target on shares of Cisco Systems in a research note on Sunday, August 20th. Sanford C. Bernstein reissued an “outperform” rating and issued a $38.00 price target on shares of Cisco Systems in a research note on Sunday, August 20th. Bank of America Corporation reissued a “neutral” rating and issued a $35.00 price target on shares of Cisco Systems in a research note on Friday, August 18th. William Blair reissued an “outperform” rating on shares of Cisco Systems in a research note on Saturday, August 19th. Finally, JMP Securities reissued a “market perform” rating on shares of Cisco Systems in a research note on Friday, August 18th. Fourteen analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $35.47.

In related news, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the completion of the transaction, the insider now directly owns 729,305 shares in the company, valued at $22,710,557.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rebecca Jacoby sold 92,840 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $31.71, for a total transaction of $2,943,956.40. Following the transaction, the senior vice president now owns 271,725 shares of the company’s stock, valued at $8,616,399.75. The disclosure for this sale can be found here. Insiders have sold 350,642 shares of company stock valued at $10,973,081 over the last 90 days. 0.11% of the stock is currently owned by insiders.

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).

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

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