SSI Investment Management Inc. reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,437 shares of the network equipment provider’s stock after selling 188 shares during the period. SSI Investment Management Inc.’s holdings in Cisco Systems were worth $452,000 at the end of the most recent quarter.

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

In other Cisco Systems news, CEO Charles Robbins sold 121,390 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 552,694 shares in the company, valued at $17,719,369.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Prat Bhatt sold 25,638 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 493,530 shares of company stock worth $16,993,798 in the last 90 days. 0.05% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on CSCO. Vetr lowered shares of Cisco Systems from a “hold” rating to a “sell” rating and set a $35.93 target price on the stock. in a research note on Wednesday, November 29th. Credit Suisse Group restated a “buy” rating on shares of Cisco Systems in a research note on Thursday, August 10th. Sanford C. Bernstein restated an “outperform” rating and issued a $38.00 target price on shares of Cisco Systems in a research note on Sunday, August 20th. BMO Capital Markets restated a “hold” rating and issued a $32.00 target price on shares of Cisco Systems in a research note on Thursday, September 28th. Finally, JMP Securities restated a “market perform” rating on shares of Cisco Systems in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have given a buy rating to the stock. Cisco Systems presently has a consensus rating of “Buy” and a consensus target price of $36.90.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) opened at $37.40 on Friday. Cisco Systems, Inc. has a 12 month low of $29.73 and a 12 month high of $38.03. The company has a market cap of $185,290.00, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 3.37 and a beta of 1.19. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $12.11 billion. During the same quarter last year, the business earned $0.61 earnings per share. Cisco Systems’s revenue was down 1.7% compared to the same quarter last year. equities research analysts forecast that Cisco Systems, Inc. will post 2.21 EPS for the current fiscal year.

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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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