Global X Management Co. LLC Boosts Holdings in Cisco Systems, Inc. (CSCO)

Global X Management Co. LLC boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 16.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,838 shares of the network equipment provider’s stock after acquiring an additional 9,252 shares during the quarter. Global X Management Co. LLC’s holdings in Cisco Systems were worth $2,029,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CSCO. CGOV Asset Management boosted its stake in shares of Cisco Systems by 7.3% in the 1st quarter. CGOV Asset Management now owns 544,815 shares of the network equipment provider’s stock valued at $24,532,000 after purchasing an additional 37,266 shares during the last quarter. Waldron LP boosted its stake in shares of Cisco Systems by 46.2% in the 1st quarter. Waldron LP now owns 15,581 shares of the network equipment provider’s stock valued at $526,000 after purchasing an additional 4,926 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of Cisco Systems by 18.4% in the 1st quarter. Sigma Planning Corp now owns 118,763 shares of the network equipment provider’s stock valued at $4,014,000 after purchasing an additional 18,481 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of Cisco Systems by 8.5% in the 1st quarter. Rehmann Capital Advisory Group now owns 39,538 shares of the network equipment provider’s stock valued at $1,336,000 after purchasing an additional 3,107 shares during the last quarter. Finally, IFC Holdings Incorporated FL boosted its stake in shares of Cisco Systems by 2.7% in the 1st quarter. IFC Holdings Incorporated FL now owns 45,380 shares of the network equipment provider’s stock valued at $1,538,000 after purchasing an additional 1,196 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Cisco Systems, Inc. (CSCO) opened at 34.04 on Tuesday. The company has a 50 day moving average of $33.44 and a 200 day moving average of $32.40. Cisco Systems, Inc. has a 52 week low of $29.12 and a 52 week high of $34.73. The stock has a market capitalization of $168.56 billion, a P/E ratio of 17.92 and a beta of 1.21.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Thursday, October 5th were issued a dividend of $0.29 per share. The ex-dividend date was Wednesday, October 4th. This represents a $1.16 annualized dividend and a yield of 3.41%. Cisco Systems’s payout ratio is presently 60.73%.

A number of research firms have recently commented on CSCO. BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Cisco Systems in a research note on Monday, October 23rd. Berenberg Bank reissued a “hold” rating and set a $33.00 target price on shares of Cisco Systems in a research note on Tuesday, October 24th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research note on Tuesday, October 24th. Credit Suisse Group reissued a “hold” rating and set a $35.00 target price on shares of Cisco Systems in a research note on Friday, October 6th. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating and set a $36.00 target price on shares of Cisco Systems in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have issued a buy rating to the company. Cisco Systems presently has an average rating of “Buy” and a consensus price target of $35.30.

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In related news, CAO Prat Bhatt sold 25,638 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $821,954.28. Following the sale, the chief accounting officer now owns 119,996 shares in the company, valued at approximately $3,847,071.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $3,891,763.40. Following the sale, the chief executive officer now owns 552,694 shares in the company, valued at approximately $17,719,369.64. The disclosure for this sale can be found here. Insiders have sold a total of 485,138 shares of company stock worth $15,347,574 in the last 90 days. 0.05% of the stock is currently owned by 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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