Chicago Equity Partners LLC reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 14.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 865,485 shares of the network equipment provider’s stock after selling 143,880 shares during the period. Cisco Systems accounts for approximately 0.8% of Chicago Equity Partners LLC’s holdings, making the stock its 18th largest position. Chicago Equity Partners LLC’s holdings in Cisco Systems were worth $29,253,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC boosted its position 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 in the last quarter. Strs Ohio boosted its position 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 in the last quarter. Chevy Chase Trust Holdings Inc. boosted its position 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 in the last quarter. State of New Jersey Common Pension Fund D boosted its position 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 in the last quarter. Finally, Hexavest Inc. boosted its position 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 in the last quarter. 74.68% of the stock is owned by institutional investors.

Shares of Cisco Systems, Inc. (CSCO) traded down 0.587% during midday trading on Tuesday, reaching $31.355. 2,512,908 shares of the company traded hands. Cisco Systems, Inc. has a 12 month low of $29.12 and a 12 month high of $34.60. The firm has a market capitalization of $156.56 billion, a P/E ratio of 16.503 and a beta of 1.24. The company has a 50 day moving average of $31.47 and a 200 day moving average of $32.56.

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

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Several equities analysts have commented on CSCO shares. Instinet reissued a “neutral” rating and issued a $29.00 price target on shares of Cisco Systems in a research report on Monday, July 3rd. J P Morgan Chase & Co reissued a “neutral” rating on shares of Cisco Systems in a research report on Monday, June 26th. Morgan Stanley raised shares of Cisco Systems from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $33.45 to $39.00 in a research report on Monday, May 15th. Vetr raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $33.39 price target for the company in a research report on Monday, July 17th. Finally, Zacks Investment Research cut shares of Cisco Systems from a “hold” rating to a “sell” rating in a research report on Monday, May 15th. Fifteen research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $35.47.

In other news, SVP Rebecca Jacoby sold 92,840 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $31.71, for a total value of $2,943,956.40. Following the completion of the sale, the senior vice president now directly owns 271,725 shares of the company’s stock, valued at approximately $8,616,399.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $31.14, for a total value of $7,785,000.00. Following the completion of the sale, the insider now directly owns 729,305 shares of the company’s stock, valued at $22,710,557.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 350,642 shares of company stock valued at $10,973,081. 0.11% of the stock is currently owned by company 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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