Edmond DE Rothschild Holding S.A. Has $11.87 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Edmond DE Rothschild Holding S.A. reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,965 shares of the network equipment provider’s stock after selling 11,574 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Cisco Systems were worth $11,870,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CSCO. Mackenzie Financial Corp increased its holdings in shares of Cisco Systems by 2.2% during the second quarter. Mackenzie Financial Corp now owns 2,142,326 shares of the network equipment provider’s stock worth $113,543,000 after buying an additional 46,403 shares in the last quarter. Washington Capital Management Inc. increased its holdings in shares of Cisco Systems by 0.7% during the second quarter. Washington Capital Management Inc. now owns 24,265 shares of the network equipment provider’s stock worth $1,286,000 after buying an additional 180 shares in the last quarter. Baxter Bros Inc. increased its holdings in shares of Cisco Systems by 2.4% during the second quarter. Baxter Bros Inc. now owns 9,560 shares of the network equipment provider’s stock worth $507,000 after buying an additional 222 shares in the last quarter. Vaughan David Investments LLC IL increased its holdings in shares of Cisco Systems by 0.8% during the second quarter. Vaughan David Investments LLC IL now owns 938,401 shares of the network equipment provider’s stock worth $49,735,000 after buying an additional 7,781 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Cisco Systems by 1.7% during the second quarter. BlackRock Inc. now owns 340,829,610 shares of the network equipment provider’s stock worth $18,063,968,000 after buying an additional 5,849,767 shares in the last quarter. Institutional investors and hedge funds own 71.92% of the company’s stock.

CSCO opened at $55.26 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.49 and a quick ratio of 1.43. Cisco Systems, Inc. has a fifty-two week low of $35.28 and a fifty-two week high of $60.27. The firm has a market capitalization of $233.07 billion, a PE ratio of 22.10, a P/E/G ratio of 3.01 and a beta of 0.91. The company’s 50-day moving average is $56.66 and its 200 day moving average is $53.72.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Tuesday, August 17th. The network equipment provider reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.01. Cisco Systems had a net margin of 21.26% and a return on equity of 30.82%. The company had revenue of $13.13 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same quarter in the prior year, the business posted $0.80 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. As a group, analysts expect that Cisco Systems, Inc. will post 3.08 EPS for the current year.

Several analysts recently weighed in on the stock. Morgan Stanley cut shares of Cisco Systems from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $57.00 to $59.00 in a research note on Thursday, September 9th. Oppenheimer boosted their price objective on shares of Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, August 19th. Wells Fargo & Company boosted their price objective on shares of Cisco Systems from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, September 9th. Robert W. Baird boosted their price objective on shares of Cisco Systems from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, September 16th. Finally, JMP Securities reaffirmed a “hold” rating on shares of Cisco Systems in a research report on Thursday, September 16th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $58.90.

In related news, SVP Prat Bhatt sold 468 shares of the company’s stock in a transaction dated Monday, September 13th. The shares were sold at an average price of $58.35, for a total value of $27,307.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Geraldine Elliott sold 50,000 shares of the stock in a transaction dated Wednesday, August 25th. The shares were sold at an average price of $59.40, for a total transaction of $2,970,000.00. The disclosure for this sale can be found here. Insiders sold a total of 64,529 shares of company stock worth $3,827,391 in the last 90 days. 0.02% of the stock is currently owned by company insiders.

Cisco Systems Company Profile

Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.

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

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