Mutual of America Capital Management LLC grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 578,248 shares of the network equipment provider’s stock after acquiring an additional 4,598 shares during the period. Mutual of America Capital Management LLC’s holdings in Cisco Systems were worth $22,731,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Flossbach Von Storch AG boosted its holdings in Cisco Systems by 128.7% during the first quarter. Flossbach Von Storch AG now owns 6,540,666 shares of the network equipment provider’s stock worth $257,114,000 after buying an additional 3,681,180 shares in the last quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its holdings in Cisco Systems by 14.6% during the first quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 200,210 shares of the network equipment provider’s stock worth $7,870,000 after buying an additional 25,550 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Cisco Systems by 7.2% during the first quarter. Sequoia Financial Advisors LLC now owns 55,399 shares of the network equipment provider’s stock worth $2,178,000 after buying an additional 3,729 shares in the last quarter. MainStreet Investment Advisors LLC boosted its holdings in Cisco Systems by 105.0% during the first quarter. MainStreet Investment Advisors LLC now owns 59,964 shares of the network equipment provider’s stock worth $2,357,000 after buying an additional 30,720 shares in the last quarter. Finally, Banco Santander S.A. boosted its holdings in Cisco Systems by 33.6% during the first quarter. Banco Santander S.A. now owns 573,909 shares of the network equipment provider’s stock worth $22,560,000 after buying an additional 144,212 shares in the last quarter. 70.94% of the stock is currently owned by institutional investors and hedge funds.

CSCO stock traded up $0.26 on Friday, hitting $44.90. 12,395,086 shares of the company were exchanged, compared to its average volume of 23,230,478. Cisco Systems, Inc. has a twelve month low of $32.40 and a twelve month high of $58.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.59 and a quick ratio of 1.55. The business’s fifty day moving average is $42.08 and its two-hundred day moving average is $44.21. The stock has a market capitalization of $188.48 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 2.89 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, May 13th. The network equipment provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.69 by $0.10. Cisco Systems had a net margin of 21.32% and a return on equity of 36.47%. The firm had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.87 billion. During the same quarter in the prior year, the business posted $0.78 earnings per share. Equities research analysts expect that Cisco Systems, Inc. will post 2.86 earnings per share for the current year.

In other Cisco Systems news, CFO Kelly A. Kramer sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $41.17, for a total transaction of $2,881,900.00. Following the completion of the sale, the chief financial officer now directly owns 308,241 shares in the company, valued at $12,690,281.97. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

CSCO has been the topic of several recent research reports. KeyCorp downgraded shares of Cisco Systems from an “overweight” rating to a “sector weight” rating in a report on Friday, April 17th. Credit Suisse Group upped their price target on shares of Cisco Systems from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. BidaskClub raised shares of Cisco Systems from a “sell” rating to a “hold” rating in a report on Tuesday. Oppenheimer reduced their price target on shares of Cisco Systems from $55.00 to $46.00 in a report on Thursday, March 12th. Finally, William Blair reaffirmed a “market perform” rating on shares of Cisco Systems in a report on Thursday, February 13th. Sixteen investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $50.13.

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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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