Franklin Street Advisors Inc. NC raised its stake in shares of Cisco Systems Inc. (NASDAQ:CSCO) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 359,679 shares of the network equipment provider’s stock after buying an additional 10,602 shares during the period. Cisco Systems accounts for 2.1% of Franklin Street Advisors Inc. NC’s investment portfolio, making the stock its 8th largest position. Franklin Street Advisors Inc. NC’s holdings in Cisco Systems were worth $11,409,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CSCO. Mercer Capital Advisers Inc. increased its stake in shares of Cisco Systems by 0.7% in the second quarter. Mercer Capital Advisers Inc. now owns 4,760 shares of the network equipment provider’s stock valued at $137,000 after buying an additional 35 shares in the last quarter. Pinnacle Holdings LLC increased its stake in shares of Cisco Systems by 0.5% in the first quarter. Pinnacle Holdings LLC now owns 16,009 shares of the network equipment provider’s stock valued at $456,000 after buying an additional 81 shares in the last quarter. Moody Lynn & Lieberson LLC increased its stake in shares of Cisco Systems by 0.6% in the second quarter. Moody Lynn & Lieberson LLC now owns 13,890 shares of the network equipment provider’s stock valued at $399,000 after buying an additional 83 shares in the last quarter. Crawford Investment Counsel Inc. increased its stake in shares of Cisco Systems by 1.1% in the second quarter. Crawford Investment Counsel Inc. now owns 8,601 shares of the network equipment provider’s stock valued at $247,000 after buying an additional 95 shares in the last quarter. Finally, Hayek Kallen Investment Management increased its stake in shares of Cisco Systems by 1.4% in the second quarter. Hayek Kallen Investment Management now owns 7,206 shares of the network equipment provider’s stock valued at $207,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 75.09% of the company’s stock.

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

Cisco Systems Inc. (NASDAQ:CSCO) traded up 1.28% during mid-day trading on Friday, hitting $30.09. 17,678,862 shares of the company were exchanged. The firm has a 50 day moving average price of $30.59 and a 200 day moving average price of $30.09. Cisco Systems Inc. has a 12 month low of $22.46 and a 12 month high of $31.95. The stock has a market cap of $151.26 billion, a price-to-earnings ratio of 14.40 and a beta of 1.42.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 16th. The network equipment provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The firm earned $12.35 billion during the quarter, compared to analysts’ expectations of $12.34 billion. Cisco Systems had a return on equity of 17.50% and a net margin of 21.73%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS. Analysts anticipate that Cisco Systems Inc. will post $2.38 EPS for the current fiscal year.

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Several brokerages have recently weighed in on CSCO. Vetr downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $32.71 target price on the stock. in a research note on Monday, September 5th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $35.00 price target on shares of Cisco Systems in a research note on Sunday, September 4th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $35.00 price target on shares of Cisco Systems in a research note on Tuesday, September 6th. Raymond James Financial Inc. raised their price target on shares of Cisco Systems from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, September 23rd. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Cisco Systems in a research note on Wednesday, October 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $32.73.

In other Cisco Systems news, SVP Mark D. Chandler sold 62,910 shares of the firm’s stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $31.40, for a total value of $1,975,374.00. Following the sale, the senior vice president now directly owns 286,628 shares of the company’s stock, valued at approximately $9,000,119.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Charles Robbins sold 148,800 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $31.01, for a total value of $4,614,288.00. Following the completion of the sale, the chief executive officer now directly owns 629,813 shares in the company, valued at $19,530,501.13. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

Cisco Systems Company Profile

Cisco System, Inc (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use.

5 Day Chart for NASDAQ:CSCO

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