First Wilshire Securities Management Inc. continued to hold its stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,496 shares of the network equipment provider’s stock at the end of the first quarter. First Wilshire Securities Management Inc.’s holdings in Cisco Systems were worth $355,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Financial Advisory Service Inc. lifted its position in shares of Cisco Systems by 0.8% during the 1st quarter. Financial Advisory Service Inc. now owns 13,610 shares of the network equipment provider’s stock worth $460,000 after buying an additional 114 shares during the last quarter. Commonwealth Financial Services LLC lifted its position in shares of Cisco Systems by 1.2% during the 1st quarter. Commonwealth Financial Services LLC now owns 10,265 shares of the network equipment provider’s stock worth $339,000 after buying an additional 118 shares during the last quarter. NEXT Financial Group Inc lifted its position in shares of Cisco Systems by 0.3% during the 1st quarter. NEXT Financial Group Inc now owns 43,598 shares of the network equipment provider’s stock worth $1,485,000 after buying an additional 126 shares during the last quarter. Blue Fin Capital Inc. lifted its position in shares of Cisco Systems by 0.4% during the 1st quarter. Blue Fin Capital Inc. now owns 31,073 shares of the network equipment provider’s stock worth $1,050,000 after buying an additional 130 shares during the last quarter. Finally, Madrona Financial Services LLC lifted its position in shares of Cisco Systems by 2.1% during the 1st quarter. Madrona Financial Services LLC now owns 7,407 shares of the network equipment provider’s stock worth $250,000 after buying an additional 153 shares during the last quarter. Institutional investors own 74.70% of the company’s stock.

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In other news, SVP Rebecca Jacoby sold 92,840 shares of Cisco Systems stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $31.71, for a total transaction of $2,943,956.40. Following the completion of the sale, the senior vice president now directly owns 271,725 shares in the company, valued at approximately $8,616,399.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Karen Walker sold 7,802 shares of Cisco Systems stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $31.29, for a total value of $244,124.58. Following the sale, the senior vice president now owns 178,577 shares of the company’s stock, valued at $5,587,674.33. The disclosure for this sale can be found here. Insiders have sold a total of 350,642 shares of company stock valued at $10,973,081 over the last 90 days. Corporate insiders own 0.11% of the company’s stock.

Several analysts have recently weighed in on CSCO shares. Zacks Investment Research upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Morgan Stanley upgraded shares of Cisco Systems from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $33.45 to $39.00 in a research report on Monday, May 15th. Credit Suisse Group restated an “outperform” rating and set a $40.00 price objective on shares of Cisco Systems in a research report on Monday, June 26th. William Blair restated an “outperform” rating on shares of Cisco Systems in a research report on Monday, July 3rd. Finally, ValuEngine downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Fourteen analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Cisco Systems currently has a consensus rating of “Buy” and an average price target of $35.54.

Cisco Systems, Inc. (NASDAQ:CSCO) traded down 0.88% on Friday, reaching $31.48. 15,339,455 shares of the company’s stock were exchanged. Cisco Systems, Inc. has a 1-year low of $29.12 and a 1-year high of $34.60. The stock has a market capitalization of $157.18 billion, a P/E ratio of 16.57 and a beta of 1.19. The firm’s 50 day moving average is $31.59 and its 200 day moving average is $32.53.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.61. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The firm had revenue of $12.13 billion during the quarter, compared to analyst estimates of $12.07 billion. During the same period last year, the company posted $0.63 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. Analysts expect that Cisco Systems, Inc. will post $2.43 EPS for the current year.

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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