Robecosam AG lowered its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,374 shares of the network equipment provider’s stock after selling 21,892 shares during the period. Robecosam AG’s holdings in Cisco Systems were worth $13,097,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Braun Bostich & Associates Inc. bought a new position in shares of Cisco Systems in the 1st quarter valued at about $722,000. Millennium Management LLC grew its position in shares of Cisco Systems by 33.9% in the 1st quarter. Millennium Management LLC now owns 2,803,775 shares of the network equipment provider’s stock valued at $120,254,000 after acquiring an additional 709,442 shares during the period. Sandler Capital Management grew its position in shares of Cisco Systems by 2,041.2% in the 1st quarter. Sandler Capital Management now owns 207,700 shares of the network equipment provider’s stock valued at $8,908,000 after acquiring an additional 198,000 shares during the period. Unio Capital LLC bought a new position in shares of Cisco Systems in the 1st quarter valued at about $270,000. Finally, Blue Chip Wealth Management Inc. bought a new position in shares of Cisco Systems in the 1st quarter valued at about $475,000. 72.65% of the stock is owned by institutional investors and hedge funds.

In other Cisco Systems news, EVP David Goeckeler sold 35,000 shares of Cisco Systems stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $43.27, for a total value of $1,514,450.00. Following the completion of the sale, the executive vice president now owns 490,458 shares in the company, valued at approximately $21,222,117.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is owned by insiders.

NASDAQ CSCO opened at $46.32 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. The stock has a market cap of $221.56 billion, a PE ratio of 19.32, a P/E/G ratio of 2.74 and a beta of 1.07. Cisco Systems, Inc. has a 52-week low of $31.19 and a 52-week high of $46.44.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 15th. The network equipment provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. Cisco Systems had a net margin of 0.22% and a return on equity of 22.12%. The business had revenue of $12.84 billion during the quarter, compared to analysts’ expectations of $12.76 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The business’s revenue was up 5.9% on a year-over-year basis. equities research analysts expect that Cisco Systems, Inc. will post 2.65 earnings per share for the current year.

CSCO has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on shares of Cisco Systems from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, July 19th. Zacks Investment Research raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Tuesday, July 17th. JPMorgan Chase & Co. initiated coverage on shares of Cisco Systems in a research report on Thursday, May 3rd. They issued an “overweight” rating and a $57.00 price objective for the company. Piper Jaffray Companies set a $50.00 price objective on shares of Cisco Systems and gave the company a “buy” rating in a research report on Monday, July 9th. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $56.00 price objective on shares of Cisco Systems in a research report on Thursday, August 16th. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Cisco Systems currently has a consensus rating of “Buy” and a consensus price target of $47.65.

Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.

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

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