Cisco Systems, Inc. (CSCO) Shares Bought by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,251,787 shares of the network equipment provider’s stock after buying an additional 39,021 shares during the period. Cisco Systems makes up approximately 2.0% of Edmond DE Rothschild Holding S.A.’s investment portfolio, making the stock its 9th largest position. Edmond DE Rothschild Holding S.A.’s holdings in Cisco Systems were worth $76,111,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Financial Management Professionals Inc. increased its stake in shares of Cisco Systems by 17.7% in the first quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock valued at $118,000 after buying an additional 635 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Cisco Systems during the fourth quarter valued at about $128,000. Jackson Grant Investment Advisers Inc. increased its stake in shares of Cisco Systems by 4,150.0% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 4,250 shares of the network equipment provider’s stock valued at $128,000 after buying an additional 4,150 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Cisco Systems by 15.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock valued at $145,000 after buying an additional 560 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. increased its stake in shares of Cisco Systems by 23.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 4,393 shares of the network equipment provider’s stock valued at $148,000 after buying an additional 823 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

Cisco Systems, Inc. (NASDAQ CSCO) traded up 1.113% on Friday, reaching $31.345. The company’s stock had a trading volume of 5,598,268 shares. Cisco Systems, Inc. has a 52 week low of $29.12 and a 52 week high of $34.60. The firm has a market capitalization of $156.73 billion, a PE ratio of 15.911 and a beta of 1.24. The stock’s 50 day moving average is $31.55 and its 200-day moving average is $32.52. Cisco Systems also was the target of unusually large options trading on Wednesday. Investors bought 21,024 call options on the stock. This is an increase of 113% compared to the typical daily volume of 9,855 call options.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $11.94 billion for the quarter, compared to the consensus estimate of $11.90 billion. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. During the same period in the previous year, the business earned $0.57 EPS. Cisco Systems’s revenue was down .5% compared to the same quarter last year. Analysts predict that Cisco Systems, Inc. will post $2.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Friday, July 7th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Wednesday, July 5th. Cisco Systems’s dividend payout ratio (DPR) is presently 58.29%.

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Several brokerages have recently issued reports on CSCO. Berenberg Bank set a $33.00 price objective on Cisco Systems and gave the company a “hold” rating in a research report on Saturday, July 1st. Sanford C. Bernstein set a $38.00 target price on Cisco Systems and gave the company a “buy” rating in a research note on Saturday, July 1st. Credit Suisse Group reiterated a “buy” rating on shares of Cisco Systems in a research note on Thursday. Jefferies Group LLC reiterated a “buy” rating and issued a $37.00 target price on shares of Cisco Systems in a research note on Thursday, August 3rd. Finally, Robert W. Baird set a $38.00 target price on Cisco Systems and gave the company a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-two have given a buy rating to the stock. Cisco Systems presently has an average rating of “Buy” and an average target price of $35.31.

In related news, insider John T. Chambers sold 295,537 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $31.52, for a total value of $9,315,326.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Karen Walker sold 7,802 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was 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 owns 178,577 shares of the company’s stock, valued at approximately $5,587,674.33. The disclosure for this sale can be found here. Insiders sold a total of 396,179 shares of company stock valued at $12,503,407 in the last 90 days. 0.11% of the stock is currently owned by corporate insiders.

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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