Page Arthur B reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 14.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,695 shares of the network equipment provider’s stock after selling 1,775 shares during the period. Page Arthur B’s holdings in Cisco Systems were worth $335,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. Boston Partners increased its stake 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. Schwab Charles Investment Management Inc. increased its stake 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. Fisher Asset Management LLC increased its stake in Cisco Systems by 2.4% in the second quarter. Fisher Asset Management LLC now owns 16,076,117 shares of the network equipment provider’s stock worth $503,182,000 after buying an additional 382,211 shares in the last quarter. Pioneer Investment Management Inc. increased its stake in Cisco Systems by 5.2% in the first quarter. Pioneer Investment Management Inc. now owns 8,258,748 shares of the network equipment provider’s stock worth $279,146,000 after buying an additional 408,875 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in Cisco Systems by 0.8% in the first quarter. Jupiter Asset Management Ltd. now owns 7,420,522 shares of the network equipment provider’s stock worth $250,814,000 after buying an additional 55,395 shares in the last quarter. 74.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) traded up 0.84% during midday trading on Thursday, reaching $32.26. 11,851,153 shares of the company’s stock were exchanged. The company’s 50-day moving average is $31.47 and its 200-day moving average is $32.56. The stock has a market cap of $161.07 billion, a P/E ratio of 16.98 and a beta of 1.24. Cisco Systems, Inc. has a one year low of $29.12 and a one year high of $34.60.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.61. The business 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 business’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. Equities analysts expect that Cisco Systems, Inc. will post $2.43 earnings per share for the current fiscal year.

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CSCO has been the topic of a number of recent research reports. Instinet reaffirmed a “neutral” rating and issued a $29.00 target price on shares of Cisco Systems in a research report on Monday, July 3rd. J P Morgan Chase & Co reaffirmed 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 upped their target price for the stock 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 target price on the stock in a research report on Monday, July 17th. Finally, Zacks Investment Research downgraded 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 issued a buy rating to the company’s stock. Cisco Systems presently has an average rating of “Buy” and a consensus price target of $35.47.

In other news, SVP Rebecca Jacoby sold 92,840 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $8,616,399.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction that occurred on 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 owns 729,305 shares of the company’s stock, valued at $22,710,557.70. The disclosure for this sale can be found here. Insiders sold 350,642 shares of company stock valued at $10,973,081 over the last 90 days. 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).

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

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