Vicus Capital boosted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 31.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,307 shares of the network equipment provider’s stock after buying an additional 10,742 shares during the period. Vicus Capital’s holdings in Cisco Systems were worth $1,418,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in CSCO. Paradigm Financial Advisors LLC increased its stake in Cisco Systems by 2.6% in the first quarter. Paradigm Financial Advisors LLC now owns 43,410 shares of the network equipment provider’s stock valued at $1,467,000 after buying an additional 1,116 shares during the period. Hefty Wealth Partners increased its stake in Cisco Systems by 15,679.3% in the first quarter. Hefty Wealth Partners now owns 68,482 shares of the network equipment provider’s stock valued at $2,314,000 after buying an additional 68,048 shares during the period. Cardinal Capital Management Inc. increased its stake in Cisco Systems by 3.2% in the first quarter. Cardinal Capital Management Inc. now owns 441,149 shares of the network equipment provider’s stock valued at $14,911,000 after buying an additional 13,565 shares during the period. West Oak Capital LLC increased its stake in Cisco Systems by 26.1% in the first quarter. West Oak Capital LLC now owns 5,028 shares of the network equipment provider’s stock valued at $170,000 after buying an additional 1,040 shares during the period. Finally, Fulton Bank N.A. increased its stake in Cisco Systems by 31.3% in the first quarter. Fulton Bank N.A. now owns 75,648 shares of the network equipment provider’s stock valued at $2,557,000 after buying an additional 18,038 shares during the period. 74.68% of the stock is currently owned by institutional investors.

Cisco Systems, Inc. (NASDAQ:CSCO) traded up 0.1275% on Tuesday, hitting $31.5802. The stock had a trading volume of 5,398,840 shares. The company has a market cap of $157.68 billion, a P/E ratio of 16.6212 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. The stock’s 50-day moving average is $31.47 and its 200-day moving average is $32.56.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, hitting analysts’ consensus estimates of $0.61. The firm had revenue of $12.13 billion during the quarter, compared to analysts’ expectations of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 EPS. Analysts expect that Cisco Systems, Inc. will post $2.43 earnings per share for the current year.

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Several research firms recently weighed in on CSCO. BMO Capital Markets downgraded Cisco Systems from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $37.00 to $35.00 in a report on Tuesday, May 9th. Drexel Hamilton reissued a “buy” rating and set a $40.00 price objective on shares of Cisco Systems in a report on Tuesday, May 16th. Robert W. Baird reissued a “buy” rating on shares of Cisco Systems in a report on Monday, May 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $36.00 price objective (down previously from $37.00) on shares of Cisco Systems in a report on Thursday, May 18th. Finally, Zacks Investment Research downgraded Cisco Systems from a “hold” rating to a “sell” rating in a report on Monday, May 15th. Fifteen analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $35.47.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction dated 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 directly owns 729,305 shares of the company’s stock, valued at approximately $22,710,557.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Karen Walker sold 7,802 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $31.29, for a total transaction of $244,124.58. Following the completion of the sale, the senior vice president now directly owns 178,577 shares of the company’s stock, valued at $5,587,674.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 350,642 shares of company stock valued at $10,973,081. 0.11% of the stock is owned by corporate insiders.

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).

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

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