Petrus Trust Company LTA Acquires 4,642 Shares of Cisco Systems, Inc. (CSCO)

Petrus Trust Company LTA lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,990 shares of the network equipment provider’s stock after buying an additional 4,642 shares during the quarter. Petrus Trust Company LTA’s holdings in Cisco Systems were worth $4,913,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Barnett & Company Inc. lifted its stake in 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 in the last quarter. Tortoise Investment Management LLC lifted its stake in 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 in the last quarter. Grove Bank & Trust lifted its stake in 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 in the last quarter. Manchester Capital Management LLC lifted its stake in Cisco Systems by 10.7% in the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after purchasing an additional 350 shares in the last quarter. Finally, Ffcm LLC lifted its stake in Cisco Systems by 2,025.0% in the 2nd quarter. Ffcm LLC now owns 3,740 shares of the network equipment provider’s stock worth $117,000 after purchasing an additional 3,564 shares in the last quarter. Institutional investors own 75.79% of the company’s stock.

In other news, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total value of $9,125,000.00. Following the completion of the sale, the insider now directly owns 712,736 shares of the company’s stock, valued at approximately $26,014,864. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Prat Bhatt sold 25,638 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 transaction of $821,954.28. Following the completion of the sale, the chief accounting officer now directly owns 119,996 shares of the company’s stock, valued at $3,847,071.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 493,530 shares of company stock worth $16,993,798. 0.05% of the stock is owned by insiders.

Cisco Systems, Inc. (CSCO) opened at $37.61 on Monday. The company has a market cap of $185,930.00, a price-to-earnings ratio of 17.33, a PEG ratio of 3.40 and a beta of 1.19. Cisco Systems, Inc. has a twelve month low of $29.73 and a twelve month 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.

Cisco Systems (NASDAQ:CSCO) last released 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 analyst estimates of $12.11 billion. During the same quarter last year, the firm earned $0.61 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. equities research analysts expect that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

CSCO has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a research note on Wednesday, November 15th. Vetr cut 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 note 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 note on Tuesday, August 15th. BMO Capital Markets reiterated a “hold” rating and issued a $32.00 target price on shares of Cisco Systems in a research note on Thursday, September 28th. Finally, JMP Securities reiterated 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 assigned a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus 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).

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

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