Vision Capital Management Inc. Has $1.13 Million Holdings in Cisco Systems, Inc. (CSCO)
Vision Capital Management Inc. boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 23.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,041 shares of the network equipment provider’s stock after acquiring an additional 6,811 shares during the quarter. Vision Capital Management Inc.’s holdings in Cisco Systems were worth $1,128,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CSCO. American Century Companies Inc. raised its position in shares of Cisco Systems by 54.2% in the second quarter. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider’s stock valued at $449,544,000 after purchasing an additional 5,049,326 shares during the period. Karp Capital Management Corp bought a new position in shares of Cisco Systems in the first quarter valued at about $109,564,000. TIAA CREF Investment Management LLC raised its position in shares of Cisco Systems by 11.6% in the second quarter. TIAA CREF Investment Management LLC now owns 27,570,250 shares of the network equipment provider’s stock valued at $862,949,000 after purchasing an additional 2,863,474 shares during the period. Acadian Asset Management LLC raised its position in shares of Cisco Systems by 202.3% in the second quarter. Acadian Asset Management LLC now owns 2,809,005 shares of the network equipment provider’s stock valued at $87,922,000 after purchasing an additional 1,879,688 shares during the period. Finally, Delta Lloyd Asset Management N.V. bought a new position in shares of Cisco Systems in the second quarter valued at about $57,023,000. 75.79% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on CSCO. Vetr lowered shares of Cisco Systems from a “hold” rating to a “sell” rating and set a $35.93 price objective on the stock. in a research report on Wednesday, November 29th. Credit Suisse Group reissued a “buy” rating on shares of Cisco Systems in a research report on Thursday, August 10th. Sanford C. Bernstein reissued an “outperform” rating and issued a $38.00 price objective on shares of Cisco Systems in a research report on Sunday, August 20th. BMO Capital Markets reissued a “hold” rating and issued a $32.00 price objective on shares of Cisco Systems in a research report on Thursday, September 28th. Finally, JMP Securities restated a “market perform” rating on shares of Cisco Systems in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have assigned a buy rating to the stock. Cisco Systems has an average rating of “Buy” and an average price target of $36.90.
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $37.40 on Friday. The stock has a market cap of $185,290.00, a PE ratio of 17.19, a price-to-earnings-growth ratio of 3.37 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. Cisco Systems, Inc. has a one year low of $29.73 and a one year high of $38.03.
Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $12.14 billion for 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 business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. equities analysts predict that Cisco Systems, Inc. will post 2.21 EPS for the current fiscal year.
In other Cisco Systems news, CAO Prat Bhatt sold 2,606 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $95,092.94. Following the sale, the chief accounting officer now directly owns 89,184 shares in the company, valued at $3,254,324.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John T. Chambers sold 250,000 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the sale, the insider now owns 712,736 shares in the company, valued at $26,014,864. The disclosure for this sale can be found here. Insiders have sold 493,530 shares of company stock worth $16,993,798 over the last quarter. Corporate insiders own 0.05% of the company’s stock.
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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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