Cisco Systems, Inc. (CSCO) Holdings Decreased by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR decreased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,020 shares of the network equipment provider’s stock after selling 5,035 shares during the quarter. Cisco Systems comprises about 2.6% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 12th biggest holding. Pioneer Trust Bank N A OR’s holdings in Cisco Systems were worth $5,423,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of CSCO. Amundi Pioneer Asset Management Inc. increased its position in shares of Cisco Systems by 91.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 19,498,882 shares of the network equipment provider’s stock worth $746,806,000 after purchasing an additional 9,292,187 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Cisco Systems by 5,651.3% during the 4th quarter. Mackenzie Financial Corp now owns 4,910,280 shares of the network equipment provider’s stock worth $188,064,000 after purchasing an additional 4,824,903 shares during the last quarter. Summit Trail Advisors LLC increased its position in shares of Cisco Systems by 4,313.3% during the 1st quarter. Summit Trail Advisors LLC now owns 4,814,373 shares of the network equipment provider’s stock worth $4,814,000 after purchasing an additional 4,705,284 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Cisco Systems by 565.8% during the 1st quarter. SG Americas Securities LLC now owns 4,532,099 shares of the network equipment provider’s stock worth $194,382,000 after acquiring an additional 3,851,446 shares during the last quarter. Finally, Swedbank increased its holdings in shares of Cisco Systems by 43.5% during the 4th quarter. Swedbank now owns 12,425,302 shares of the network equipment provider’s stock worth $475,889,000 after acquiring an additional 3,768,806 shares during the last quarter. 71.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on CSCO. Piper Jaffray Companies set a $50.00 target price on Cisco Systems and gave the stock a “buy” rating in a report on Monday, July 9th. Zacks Investment Research lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. Credit Suisse Group boosted their target price on Cisco Systems from $41.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. BidaskClub lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, BMO Capital Markets boosted their target price on Cisco Systems from $43.00 to $48.00 and gave the stock a “market perform” rating in a report on Thursday, August 16th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $47.76.

CSCO opened at $47.40 on Monday. The firm has a market capitalization of $225.89 billion, a P/E ratio of 20.26, a PEG ratio of 2.79 and a beta of 1.06. Cisco Systems, Inc. has a 1 year low of $32.12 and a 1 year high of $48.06. The company has a quick ratio of 2.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.47.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 15th. The network equipment provider reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.01. The business had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $12.76 billion. Cisco Systems had a return on equity of 22.12% and a net margin of 0.22%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. research analysts expect that Cisco Systems, Inc. will post 2.65 EPS for the current fiscal year.

In other news, EVP Mark D. Chandler sold 31,842 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $47.20, for a total transaction of $1,502,942.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Goeckeler sold 35,000 shares of the company’s stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $43.27, for a total value of $1,514,450.00. Following the sale, the executive vice president now owns 490,458 shares of the company’s stock, valued at $21,222,117.66. The disclosure for this sale can be found here. Insiders sold a total of 205,150 shares of company stock valued at $9,557,825 over the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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