Winch Advisory Services LLC raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 31,600 shares of the network equipment provider’s stock after buying an additional 822 shares during the period. Winch Advisory Services LLC’s holdings in Cisco Systems were worth $989,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CSCO. Barnett & Company Inc. boosted its position in shares of Cisco Systems by 1,511.5% in the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after purchasing an additional 3,023 shares during the last quarter. Tortoise Investment Management LLC boosted its position in shares of Cisco Systems by 36.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock worth $104,000 after purchasing an additional 878 shares during the last quarter. Watermark Asset Management Inc. bought a new position in shares of Cisco Systems in the 1st quarter worth $122,000. Grove Bank & Trust boosted its position in shares of Cisco Systems by 141.3% in the 2nd quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock worth $113,000 after purchasing an additional 2,120 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Cisco Systems by 15.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock worth $145,000 after purchasing an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

In other news, SVP Karen Walker sold 23,110 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $740,906.60. Following the completion of the transaction, the senior vice president now owns 192,774 shares in the company, valued at approximately $6,180,334.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Prat Bhatt sold 25,638 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $821,954.28. Following the completion of the transaction, the chief accounting officer now owns 119,996 shares of the company’s stock, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. Insiders sold a total of 235,138 shares of company stock valued at $7,562,574 in the last 90 days. 0.05% of the stock is owned by corporate insiders.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) opened at $36.49 on Friday. Cisco Systems, Inc. has a 12 month low of $29.12 and a 12 month high of $36.97. The stock has a market capitalization of $180,392.78, a PE ratio of 16.82, a price-to-earnings-growth ratio of 3.31 and a beta of 1.15. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. Cisco Systems’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. equities research analysts forecast that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

Several research firms have recently issued reports on CSCO. Cowen Inc restated a “buy” rating on shares of Cisco Systems in a research report on Friday, November 17th. Nomura raised their price target on Cisco Systems from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Credit Suisse Group restated a “buy” rating on shares of Cisco Systems in a research report on Thursday, August 10th. Sanford C. Bernstein restated an “outperform” rating and issued a $38.00 price target on shares of Cisco Systems in a research report on Sunday, August 20th. Finally, BMO Capital Markets restated a “hold” rating and issued a $32.00 price target on shares of Cisco Systems in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $36.73.

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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).

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

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