Cisco Systems, Inc. (CSCO) Stake Lowered by Ray Gerald L & Associates Ltd.

Ray Gerald L & Associates Ltd. decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 11.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,723 shares of the network equipment provider’s stock after selling 16,534 shares during the quarter. Ray Gerald L & Associates Ltd.’s holdings in Cisco Systems were worth $4,186,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in Cisco Systems by 54.2% during the second quarter. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider’s stock worth $449,544,000 after acquiring an additional 5,049,326 shares during the period. Karp Capital Management Corp bought a new position in Cisco Systems during the first quarter worth $109,564,000. Acadian Asset Management LLC increased its position in Cisco Systems by 202.3% during the second quarter. Acadian Asset Management LLC now owns 2,809,005 shares of the network equipment provider’s stock worth $87,922,000 after acquiring an additional 1,879,688 shares during the period. Sei Investments Co. increased its position in Cisco Systems by 62.6% during the second quarter. Sei Investments Co. now owns 3,679,903 shares of the network equipment provider’s stock worth $115,182,000 after acquiring an additional 1,416,225 shares during the period. Finally, Locust Wood Capital Advisers LLC bought a new position in Cisco Systems during the second quarter worth $31,483,000. 75.79% of the stock is currently owned by institutional investors.

In other 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 sale, the chief executive officer now owns 552,694 shares in the company, valued at approximately $17,719,369.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Prat Bhatt sold 25,638 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 transaction of $821,954.28. Following the completion of the sale, the chief accounting officer now owns 119,996 shares in the company, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. Insiders sold a total of 493,530 shares of company stock worth $16,993,798 in the last 90 days. 0.05% of the stock is owned by corporate insiders.

Shares of Cisco Systems, Inc. (CSCO) opened at $37.72 on Tuesday. Cisco Systems, Inc. has a 52 week low of $29.24 and a 52 week high of $38.03. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. The company has a market cap of $185,880.19, a price-to-earnings ratio of 17.33, a PEG ratio of 3.40 and a beta of 1.19.

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

A number of equities analysts recently issued reports on CSCO shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $36.00 target price on shares of Cisco Systems in a research report on Wednesday, November 15th. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 target price on the stock. in a research report on Monday, September 25th. Stifel Nicolaus set a $34.00 target price on shares of Cisco Systems and gave the stock a “hold” rating in a research report on Tuesday, August 15th. BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 target price on shares of Cisco Systems in a research report on Thursday, September 28th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Cisco Systems in a research report on Friday, August 18th. Two investment 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 currently has a consensus rating of “Buy” and an average price target of $36.80.

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

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