BRYN MAWR TRUST Co reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 640,864 shares of the network equipment provider’s stock after selling 7,208 shares during the period. Cisco Systems accounts for about 1.5% of BRYN MAWR TRUST Co’s portfolio, making the stock its 10th largest holding. BRYN MAWR TRUST Co’s holdings in Cisco Systems were worth $27,576,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Natixis boosted its holdings in shares of Cisco Systems by 66.9% during the 2nd quarter. Natixis now owns 3,236,837 shares of the network equipment provider’s stock worth $138,204,000 after purchasing an additional 1,297,035 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Cisco Systems by 2.8% during the 2nd quarter. Voya Investment Management LLC now owns 7,353,656 shares of the network equipment provider’s stock worth $316,428,000 after purchasing an additional 203,686 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Cisco Systems by 6.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 36,187 shares of the network equipment provider’s stock worth $1,583,000 after purchasing an additional 2,264 shares during the last quarter. Lido Advisors LLC boosted its holdings in shares of Cisco Systems by 12.8% during the 2nd quarter. Lido Advisors LLC now owns 61,903 shares of the network equipment provider’s stock worth $2,663,000 after purchasing an additional 7,034 shares during the last quarter. Finally, Wealthsource Partners LLC boosted its holdings in shares of Cisco Systems by 12.4% during the 2nd quarter. Wealthsource Partners LLC now owns 27,176 shares of the network equipment provider’s stock worth $1,169,000 after purchasing an additional 3,007 shares during the last quarter. Institutional investors own 70.28% of the company’s stock.
In other Cisco Systems news, CFO Kelly A. Kramer sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $47.20, for a total value of $3,304,000.00. Following the sale, the chief financial officer now owns 720,930 shares of the company’s stock, valued at $34,027,896. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Prat Bhatt sold 33,950 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $44.86, for a total value of $1,522,997.00. Following the completion of the sale, the senior vice president now directly owns 90,207 shares in the company, valued at approximately $4,046,686.02. The disclosure for this sale can be found here. In the last three months, insiders sold 558,943 shares of company stock worth $26,362,383. 0.03% of the stock is owned by corporate insiders.
Shares of NASDAQ CSCO opened at $47.87 on Monday. The company has a market capitalization of $230.61 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 2.80 and a beta of 1.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.05 and a current ratio of 2.11. Cisco Systems, Inc. has a 52-week low of $36.73 and a 52-week high of $49.47.
Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 14th. The network equipment provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $12.86 billion. Cisco Systems had a return on equity of 25.58% and a net margin of 2.52%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 earnings per share. Analysts predict that Cisco Systems, Inc. will post 2.7 earnings per share for the current fiscal year.
CSCO has been the topic of several recent research reports. UBS Group set a $56.00 target price on Cisco Systems and gave the stock a “buy” rating in a report on Wednesday, September 26th. BidaskClub upgraded Cisco Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 25th. Cowen upped their price objective on Cisco Systems from $51.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, August 16th. Zacks Investment Research upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Wednesday, October 3rd. Finally, Deutsche Bank upped their price objective on Cisco Systems from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, November 15th. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $50.26.
Cisco Systems Company Profile
Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.
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