Stanley Laman Group Ltd. boosted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 87,286 shares of the network equipment provider’s stock after purchasing an additional 760 shares during the period. Stanley Laman Group Ltd.’s holdings in Cisco Systems were worth $2,732,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dowling & Yahnke LLC lifted its stake in Cisco Systems by 0.3% in the 1st quarter. Dowling & Yahnke LLC now owns 210,778 shares of the network equipment provider’s stock valued at $7,124,000 after buying an additional 681 shares in the last quarter. Lourd Capital LLC lifted its stake in Cisco Systems by 16.1% in the 1st quarter. Lourd Capital LLC now owns 19,244 shares of the network equipment provider’s stock valued at $650,000 after buying an additional 2,670 shares in the last quarter. Verity & Verity LLC lifted its stake in Cisco Systems by 5.2% in the 1st quarter. Verity & Verity LLC now owns 241,712 shares of the network equipment provider’s stock valued at $8,169,000 after buying an additional 11,972 shares in the last quarter. Greenleaf Trust lifted its stake in Cisco Systems by 1.2% in the 1st quarter. Greenleaf Trust now owns 35,247 shares of the network equipment provider’s stock valued at $1,191,000 after buying an additional 417 shares in the last quarter. Finally, Sterling Investment Management Inc. lifted its stake in Cisco Systems by 2.0% in the 1st quarter. Sterling Investment Management Inc. now owns 87,553 shares of the network equipment provider’s stock valued at $2,959,000 after buying an additional 1,685 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

In related news, CEO Charles Robbins sold 121,390 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $3,891,763.40. Following the completion of the sale, the chief executive officer now directly owns 552,694 shares of the company’s stock, valued at $17,719,369.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Mark D. Chandler sold 65,000 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $32.43, for a total transaction of $2,107,950.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 235,138 shares of company stock valued at $7,562,574. Insiders own 0.05% of the company’s stock.

Cisco Systems, Inc. (CSCO) opened at $36.49 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. The company has a market cap of $180,195.03, a price-to-earnings ratio of 16.80, a P/E/G ratio of 3.30 and a beta of 1.15. Cisco Systems, Inc. has a 12 month low of $29.12 and a 12 month high of $36.97.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. analysts expect that Cisco Systems, Inc. will post 2.21 EPS for the current year.

A number of brokerages recently weighed in on CSCO. Stifel Nicolaus set a $34.00 price target on shares of Cisco Systems and gave the company a “hold” rating in a research note on Tuesday, August 15th. JMP Securities reaffirmed a “market perform” rating on shares of Cisco Systems in a research note on Friday, August 18th. Deutsche Bank AG reissued a “buy” rating and issued a $40.00 target price on shares of Cisco Systems in a research note on Tuesday, August 8th. BidaskClub raised shares of Cisco Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 target price on the stock. in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $36.73.

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About Cisco Systems

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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