Sabal Trust CO boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 721,304 shares of the network equipment provider’s stock after buying an additional 30,863 shares during the period. Cisco Systems makes up approximately 2.4% of Sabal Trust CO’s portfolio, making the stock its 27th largest position. Sabal Trust CO’s holdings in Cisco Systems were worth $22,578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. boosted its position in shares of Cisco Systems by 17.7% in the first quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock valued at $118,000 after buying an additional 635 shares during the period. Watermark Asset Management Inc. bought a new position in shares of Cisco Systems during the first quarter valued at approximately $122,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Cisco Systems by 15.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock valued at $145,000 after buying an additional 560 shares during the period. Baystate Wealth Management LLC boosted its position in shares of Cisco Systems by 24.5% in the first quarter. Baystate Wealth Management LLC now owns 7,537 shares of the network equipment provider’s stock valued at $146,000 after buying an additional 1,484 shares during the period. Finally, Riggs Asset Managment Co. Inc. boosted its position in shares of Cisco Systems by 23.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 4,393 shares of the network equipment provider’s stock valued at $148,000 after buying an additional 823 shares during the period. 74.68% of the stock is owned by institutional investors.

Cisco Systems, Inc. (CSCO) traded up 0.1275% during mid-day trading on Tuesday, reaching $31.5802. The company’s stock had a trading volume of 5,398,855 shares. Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.60. The firm has a 50 day moving average price of $31.47 and a 200 day moving average price of $32.56. The company has a market cap of $157.68 billion, a price-to-earnings ratio of 16.6212 and a beta of 1.24.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The company had revenue of $12.13 billion during the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. Equities research analysts anticipate that Cisco Systems, Inc. will post $2.43 earnings per share for the current year.

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Several brokerages recently commented on CSCO. ValuEngine cut Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $36.00 price target on shares of Cisco Systems in a research report on Sunday, August 20th. Sanford C. Bernstein reissued an “outperform” rating and set a $38.00 price target on shares of Cisco Systems in a research report on Sunday, August 20th. Bank of America Corporation reissued a “neutral” rating and set a $35.00 price target on shares of Cisco Systems in a research report on Friday, August 18th. Finally, William Blair reissued an “outperform” rating on shares of Cisco Systems in a research report on Saturday, August 19th. Fifteen equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Cisco Systems has a consensus rating of “Buy” and a consensus target price of $35.47.

In related news, SVP Karen Walker sold 7,802 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $31.29, for a total transaction of $244,124.58. Following the completion of the sale, the senior vice president now owns 178,577 shares of the company’s stock, valued at $5,587,674.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the sale, the insider now directly owns 729,305 shares of the company’s stock, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. Insiders have sold 350,642 shares of company stock valued at $10,973,081 in the last three months. 0.11% of the stock is owned by insiders.

Cisco Systems Company 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).

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

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