BT Investment Management Ltd Purchases Shares of 355,354 Cisco Systems, Inc. (CSCO)

BT Investment Management Ltd acquired a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 355,354 shares of the network equipment provider’s stock, valued at approximately $11,123,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Southeast Asset Advisors Inc. raised its position in shares of Cisco Systems by 0.5% in the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock valued at $312,000 after purchasing an additional 44 shares during the period. Opes Advisors Inc raised its position in shares of Cisco Systems by 0.6% in the second quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock valued at $236,000 after purchasing an additional 44 shares during the period. Leisure Capital Management raised its position in shares of Cisco Systems by 0.6% in the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock valued at $233,000 after purchasing an additional 48 shares during the period. Ronald Blue & Co. LLC raised its position in shares of Cisco Systems by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock valued at $561,000 after purchasing an additional 57 shares during the period. Finally, Banced Corp raised its position in shares of Cisco Systems by 0.4% in the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock valued at $442,000 after purchasing an additional 59 shares during the period. 75.79% of the stock is currently owned by institutional investors.

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 firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the completion of 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.

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.

Several equities analysts have recently weighed in on CSCO shares. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price objective on the stock. in a research report on Wednesday, August 30th. Credit Suisse Group restated an “outperform” rating on shares of Cisco Systems in a research note on Thursday, August 31st. Oppenheimer restated a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a research note on Friday, October 20th. Robert W. Baird restated a “buy” rating and issued a $38.00 price target on shares of Cisco Systems in a research note on Monday, September 11th. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $42.00 price target on shares of Cisco Systems in a research note on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $36.90.

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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).

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

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