Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX trimmed its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 12.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,245 shares of the network equipment provider’s stock after selling 1,120 shares during the period. Cypress Asset Management Inc. TX’s holdings in Cisco Systems were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Home Federal Bank of Tennessee grew its holdings in Cisco Systems by 9.4% in the second quarter. Home Federal Bank of Tennessee now owns 5,278 shares of the network equipment provider’s stock valued at $225,000 after purchasing an additional 455 shares during the period. Nadler Financial Group Inc. lifted its position in shares of Cisco Systems by 5.7% in the second quarter. Nadler Financial Group Inc. now owns 9,004 shares of the network equipment provider’s stock valued at $384,000 after acquiring an additional 487 shares in the last quarter. LVZ Inc. lifted its position in shares of Cisco Systems by 22.9% in the second quarter. LVZ Inc. now owns 7,852 shares of the network equipment provider’s stock valued at $335,000 after acquiring an additional 1,464 shares in the last quarter. Aurora Private Wealth Inc. purchased a new position in shares of Cisco Systems in the second quarter valued at approximately $170,000. Finally, Bison Wealth LLC lifted its position in shares of Cisco Systems by 7.7% in the second quarter. Bison Wealth LLC now owns 13,343 shares of the network equipment provider’s stock valued at $569,000 after acquiring an additional 958 shares in the last quarter. 71.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Jeffery S. Sharritts sold 637 shares of Cisco Systems stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $44.69, for a total value of $28,467.53. Following the completion of the sale, the executive vice president now directly owns 166,370 shares of the company’s stock, valued at $7,435,075.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Jeffery S. Sharritts sold 637 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $44.69, for a total transaction of $28,467.53. Following the completion of the transaction, the executive vice president now directly owns 166,370 shares of the company’s stock, valued at approximately $7,435,075.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Prat Bhatt sold 19,168 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $44.28, for a total value of $848,759.04. Following the transaction, the senior vice president now directly owns 38,158 shares of the company’s stock, valued at $1,689,636.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,262 shares of company stock valued at $2,422,160. 0.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CSCO shares. Deutsche Bank Aktiengesellschaft decreased their target price on Cisco Systems from $54.00 to $52.00 and set a “hold” rating on the stock in a research report on Friday, November 18th. Barclays downgraded Cisco Systems from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $56.00 to $46.00 in a research report on Wednesday, September 21st. KGI Securities upgraded Cisco Systems from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 31st. Raymond James reduced their price objective on Cisco Systems from $63.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, August 18th. Finally, Cowen lifted their price objective on Cisco Systems from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, November 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.63.

Cisco Systems Trading Up 0.4 %

Shares of NASDAQ CSCO traded up $0.19 during trading on Thursday, reaching $48.57. The stock had a trading volume of 12,065,557 shares, compared to its average volume of 20,935,968. Cisco Systems, Inc. has a fifty-two week low of $38.60 and a fifty-two week high of $64.29. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.34 and a current ratio of 1.45. The business’s 50-day moving average price is $43.15 and its 200-day moving average price is $44.35. The company has a market cap of $199.57 billion, a P/E ratio of 17.53, a PEG ratio of 2.35 and a beta of 1.00.

Cisco Systems (NASDAQ:CSCOGet Rating) last issued its quarterly earnings data on Wednesday, November 16th. The network equipment provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Cisco Systems had a return on equity of 31.68% and a net margin of 22.00%. The business had revenue of $13.63 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts predict that Cisco Systems, Inc. will post 3.17 EPS for the current fiscal year.

Cisco Systems Profile

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Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

Further Reading

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

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