Mark Sheptoff Financial Planning LLC raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 194.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,800 shares of the network equipment provider’s stock after purchasing an additional 7,799 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in Cisco Systems were worth $369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dowling & Yahnke LLC lifted its position in shares of Cisco Systems by 0.3% during the 1st quarter. Dowling & Yahnke LLC now owns 210,778 shares of the network equipment provider’s stock valued at $7,124,000 after acquiring an additional 681 shares during the last quarter. Lourd Capital LLC lifted its position in shares of Cisco Systems by 16.1% during the 1st quarter. Lourd Capital LLC now owns 19,244 shares of the network equipment provider’s stock valued at $650,000 after acquiring an additional 2,670 shares during the last quarter. Verity & Verity LLC lifted its position in shares of Cisco Systems by 5.2% during the 1st quarter. Verity & Verity LLC now owns 241,712 shares of the network equipment provider’s stock valued at $8,169,000 after acquiring an additional 11,972 shares during the last quarter. Greenleaf Trust lifted its position in shares of Cisco Systems by 1.2% during the 1st quarter. Greenleaf Trust now owns 35,247 shares of the network equipment provider’s stock valued at $1,191,000 after acquiring an additional 417 shares during the last quarter. Finally, Cedar Wealth Management LLC lifted its position in shares of Cisco Systems by 3.0% during the 1st quarter. Cedar Wealth Management LLC now owns 12,785 shares of the network equipment provider’s stock valued at $432,000 after acquiring an additional 370 shares during the last quarter. 75.79% of the stock is owned by hedge funds and other institutional investors.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $37.31 on Wednesday. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a 1-year low of $29.24 and a 1-year high of $38.03. The stock has a market capitalization of $185,510.00, a price-to-earnings ratio of 17.33, a P/E/G ratio of 3.40 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The business had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same period last year, the company earned $0.61 earnings per share. Cisco Systems’s quarterly revenue was down 1.7% compared to the same quarter last year. analysts predict that Cisco Systems, Inc. will post 2.21 EPS for the current year.

A number of equities research analysts have recently commented on CSCO shares. Deutsche Bank reiterated a “buy” rating and set a $40.00 price objective on shares of Cisco Systems in a research report on Tuesday, August 8th. Credit Suisse Group reiterated a “buy” rating on shares of Cisco Systems in a research report on Thursday, August 10th. Drexel Hamilton reiterated a “buy” rating and set a $39.00 price objective on shares of Cisco Systems in a research report on Tuesday, August 15th. Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price objective for the company. in a research report on Wednesday, August 16th. Finally, BidaskClub upgraded Cisco Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have assigned a buy rating to the stock. Cisco Systems presently has an average rating of “Buy” and an average price target of $36.80.

In other Cisco Systems news, CEO Charles Robbins sold 121,390 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction of $3,891,763.40. Following the transaction, the chief executive officer now directly owns 552,694 shares of the company’s stock, valued at $17,719,369.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Prat Bhatt sold 2,606 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $95,092.94. Following the transaction, the chief accounting officer now directly owns 89,184 shares in the company, valued at $3,254,324.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 493,530 shares of company stock valued at $16,993,798. 0.05% of the stock is owned by corporate insiders.

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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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