National Asset Management Inc. grew its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,490 shares of the network equipment provider’s stock after acquiring an additional 4,801 shares during the quarter. National Asset Management Inc.’s holdings in Cisco Systems were worth $2,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSCO. Nexus Investment Management Inc. increased its holdings in shares of Cisco Systems by 0.8% during the first quarter. Nexus Investment Management Inc. now owns 608,690 shares of the network equipment provider’s stock valued at $20,574,000 after acquiring an additional 4,650 shares in the last quarter. Lynch & Associates IN increased its holdings in shares of Cisco Systems by 44.6% during the first quarter. Lynch & Associates IN now owns 87,639 shares of the network equipment provider’s stock valued at $2,962,000 after acquiring an additional 27,050 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of Cisco Systems by 3.4% during the first quarter. Koshinski Asset Management Inc. now owns 37,187 shares of the network equipment provider’s stock valued at $1,257,000 after acquiring an additional 1,234 shares in the last quarter. Mutual of Omaha Bank Wealth Management increased its holdings in shares of Cisco Systems by 3.4% during the first quarter. Mutual of Omaha Bank Wealth Management now owns 63,318 shares of the network equipment provider’s stock valued at $2,139,000 after acquiring an additional 2,070 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its holdings in shares of Cisco Systems by 21.2% during the first quarter. ANTIPODES PARTNERS Ltd now owns 1,556,031 shares of the network equipment provider’s stock valued at $48,202,000 after acquiring an additional 272,702 shares in the last quarter. Hedge funds and other institutional investors own 74.70% of the company’s stock.

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Several equities research analysts have recently commented on the company. Drexel Hamilton restated a “buy” rating and set a $40.00 price objective on shares of Cisco Systems in a report on Tuesday, May 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $36.00 target price (down previously from $37.00) on shares of Cisco Systems in a research report on Thursday, May 18th. Zacks Investment Research cut Cisco Systems from a “hold” rating to a “sell” rating in a research report on Monday, May 15th. Morgan Stanley raised Cisco Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $33.45 to $39.00 in a research report on Monday, May 15th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $39.00 target price on shares of Cisco Systems in a research report on Wednesday, August 16th. Fourteen research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $35.54.

Shares of Cisco Systems, Inc. (CSCO) traded up 1.84% during trading on Monday, hitting $32.06. The stock had a trading volume of 6,127,535 shares. The stock has a 50 day moving average of $31.58 and a 200 day moving average of $32.51. Cisco Systems, Inc. has a 12 month low of $29.12 and a 12 month high of $34.60. The company has a market cap of $160.08 billion, a PE ratio of 16.87 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.61. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The business had revenue of $12.13 billion for the quarter, compared to analyst estimates of $12.07 billion. During the same period in the prior year, the company posted $0.63 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities analysts forecast that Cisco Systems, Inc. will post $2.43 EPS for the current fiscal year.

In related news, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $31.14, for a total value of $7,785,000.00. Following the transaction, the insider now directly owns 729,305 shares of the company’s stock, valued at approximately $22,710,557.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Karen Walker sold 7,802 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 178,577 shares in the company, valued at $5,587,674.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 350,642 shares of company stock worth $10,973,081. Corporate insiders own 0.11% of the company’s stock.

Cisco Systems 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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