Edmond DE Rothschild Holding S.A. raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.8% during the first quarter, Holdings Channel reports. The institutional investor owned 2,251,787 shares of the network equipment provider’s stock after buying an additional 39,021 shares during the period. Cisco Systems accounts for approximately 2.0% of Edmond DE Rothschild Holding S.A.’s portfolio, making the stock its 9th largest position. Edmond DE Rothschild Holding S.A.’s holdings in Cisco Systems were worth $76,111,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CSCO. Dodge & Cox acquired a new position in Cisco Systems during the fourth quarter worth approximately $1,950,935,000. Norges Bank acquired a new position in Cisco Systems during the fourth quarter worth approximately $1,306,395,000. Boston Partners increased its position in Cisco Systems by 304.2% in the first quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock worth $1,033,052,000 after buying an additional 23,002,159 shares in the last quarter. Macquarie Group Ltd. increased its position in Cisco Systems by 5.7% in the fourth quarter. Macquarie Group Ltd. now owns 25,418,669 shares of the network equipment provider’s stock worth $768,153,000 after buying an additional 1,365,708 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Cisco Systems by 3.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 16,445,753 shares of the network equipment provider’s stock worth $555,867,000 after buying an additional 506,489 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) traded up 1.113% during mid-day trading on Friday, reaching $31.345. 5,598,268 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $31.55 and a 200 day moving average price of $32.52. The firm has a market cap of $156.73 billion, a P/E ratio of 15.911 and a beta of 1.24. Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.60. Cisco Systems also was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 21,024 call options on the company. This is an increase of approximately 113% compared to the typical daily volume of 9,855 call options.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The firm had revenue of $11.94 billion for the quarter, compared to analyst estimates of $11.90 billion. Cisco Systems had a net margin of 20.61% and a return on equity of 17.31%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS. Analysts forecast that Cisco Systems, Inc. will post $2.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Friday, July 7th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Wednesday, July 5th. Cisco Systems’s payout ratio is 58.29%.

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CSCO has been the subject of several recent analyst reports. Instinet reiterated a “neutral” rating and issued a $29.00 target price on shares of Cisco Systems in a research note on Monday, July 3rd. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Cisco Systems in a research note on Monday, June 26th. Vetr downgraded shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $37.03 target price for the company. in a research note on Wednesday, April 26th. Morgan Stanley upgraded shares of Cisco Systems from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $33.45 to $39.00 in a research note on Monday, May 15th. Finally, Zacks Investment Research downgraded shares of Cisco Systems from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $35.31.

In other news, SVP Rebecca Jacoby sold 92,840 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were 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 owns 271,725 shares of the company’s stock, valued at approximately $8,616,399.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John T. Chambers sold 295,537 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $31.52, for a total transaction of $9,315,326.24. The disclosure for this sale can be found here. Insiders sold a total of 396,179 shares of company stock worth $12,503,407 in the last three months. 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).

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

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