Thompson Investment Management Inc. lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 273,626 shares of the network equipment provider’s stock after selling 5,813 shares during the period. Cisco Systems accounts for about 1.8% of Thompson Investment Management Inc.’s holdings, making the stock its 9th largest position. Thompson Investment Management Inc.’s holdings in Cisco Systems were worth $9,249,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. boosted its position in Cisco Systems by 17.7% in the first quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock worth $118,000 after buying an additional 635 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its position in Cisco Systems by 23.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 4,393 shares of the network equipment provider’s stock worth $148,000 after buying an additional 823 shares during the last quarter. Norway Savings Bank boosted its position in Cisco Systems by 8.3% in the first quarter. Norway Savings Bank now owns 4,858 shares of the network equipment provider’s stock worth $164,000 after buying an additional 373 shares during the last quarter. West Oak Capital LLC boosted its position in Cisco Systems by 26.1% in the first quarter. West Oak Capital LLC now owns 5,028 shares of the network equipment provider’s stock worth $170,000 after buying an additional 1,040 shares during the last quarter. Finally, REDW Stanley Financial Advisors LLC bought a new position in Cisco Systems during the first quarter worth $202,000. 74.68% of the stock is owned by hedge funds and other institutional investors.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) traded up 0.19% during mid-day trading on Monday, hitting $31.50. 2,619,252 shares of the stock traded hands. Cisco Systems, Inc. has a 12-month low of $29.12 and a 12-month high of $34.60. The stock has a market cap of $157.28 billion, a P/E ratio of 16.58 and a beta of 1.24. The firm’s 50 day moving average price is $31.47 and its 200-day moving average price is $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. Analysts predict that Cisco Systems, Inc. will post $2.43 earnings per share for the current year.

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A number of equities analysts recently weighed in on the stock. Berenberg Bank set a $33.00 price objective on shares of Cisco Systems and gave the stock a “hold” rating in a research report on Saturday, July 1st. Sanford C. Bernstein set a $38.00 price objective on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Saturday, July 1st. William Blair reissued an “outperform” rating on shares of Cisco Systems in a research report on Saturday, August 19th. Credit Suisse Group reissued a “buy” rating on shares of Cisco Systems in a research report on Thursday, August 10th. Finally, Stifel Nicolaus set a $34.00 price target on shares of Cisco Systems and gave the company a “hold” rating in a research report on Tuesday, August 15th. Fourteen analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $35.47.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total transaction 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 approximately $22,710,557.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Karen Walker sold 7,802 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $31.29, for a total value of $244,124.58. Following the sale, the senior vice president now directly owns 178,577 shares of the company’s stock, valued at $5,587,674.33. The disclosure for this sale can be found here. Insiders have sold a total of 350,642 shares of company stock valued at $10,973,081 over the last three months. Company insiders own 0.11% of the company’s stock.

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).

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

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