IFM Investors Pty Ltd raised its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 33.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,573 shares of the network equipment provider’s stock after purchasing an additional 34,554 shares during the period. Cisco Systems accounts for approximately 1.1% of IFM Investors Pty Ltd’s holdings, making the stock its 27th biggest holding. IFM Investors Pty Ltd’s holdings in Cisco Systems were worth $4,275,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Barnett & Company Inc. lifted its position in Cisco Systems by 1,511.5% during the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after purchasing an additional 3,023 shares during the period. Tortoise Investment Management LLC lifted its position in Cisco Systems by 36.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after purchasing an additional 878 shares during the period. Grove Bank & Trust lifted its position in Cisco Systems by 141.3% during the 2nd quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock valued at $113,000 after purchasing an additional 2,120 shares during the period. Manchester Capital Management LLC lifted its position in Cisco Systems by 10.7% during the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock valued at $113,000 after purchasing an additional 350 shares during the period. Finally, Ffcm LLC lifted its position in Cisco Systems by 2,025.0% during the 2nd quarter. Ffcm LLC now owns 3,740 shares of the network equipment provider’s stock valued at $117,000 after purchasing an additional 3,564 shares during the period. Institutional investors own 75.79% of the company’s stock.

A number of analysts recently weighed in on the stock. Vetr downgraded shares of Cisco Systems from a “hold” rating to a “sell” rating and set a $35.93 price target on the stock. in a research report on Wednesday, November 29th. Sanford C. Bernstein reiterated a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a research report on Monday, November 27th. Robert W. Baird reiterated a “buy” rating and issued a $41.00 price target on shares of Cisco Systems in a research report on Tuesday. UBS reiterated a “buy” rating and issued a $39.00 price target on shares of Cisco Systems in a research report on Thursday, November 16th. Finally, MKM Partners increased their price target on shares of Cisco Systems to $38.00 and gave the company a “neutral” rating in a research report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $36.90.

In other news, CAO Prat Bhatt sold 2,606 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $95,092.94. Following the completion of the transaction, the chief accounting officer now directly owns 89,184 shares of the company’s stock, valued at approximately $3,254,324.16. The sale was disclosed in a document filed 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, November 22nd. The stock was sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the transaction, the insider now directly owns 712,736 shares of the company’s stock, valued at $26,014,864. The disclosure for this sale can be found here. Over the last three months, insiders have sold 493,530 shares of company stock valued at $16,993,798. 0.05% of the stock is owned by company insiders.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $37.41 on Thursday. Cisco Systems, Inc. has a 52 week low of $29.32 and a 52 week high of $38.03. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. The stock has a market capitalization of $184,446.55, a P/E ratio of 17.19, a P/E/G ratio of 3.37 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $12.11 billion. During the same period in the prior year, the business earned $0.61 EPS. Cisco Systems’s revenue for the quarter was down 1.7% compared to the same quarter last year. analysts anticipate that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.

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About Cisco Systems

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).

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

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