Nichols & Pratt Advisers LLP MA Has $18.18 Million Position in Cisco Systems, Inc. (CSCO)

Nichols & Pratt Advisers LLP MA lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 580,901 shares of the network equipment provider’s stock after selling 235 shares during the quarter. Cisco Systems makes up about 1.7% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 22nd largest holding. Nichols & Pratt Advisers LLP MA’s holdings in Cisco Systems were worth $18,183,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CSCO. Barnett & Company Inc. lifted its stake in Cisco Systems by 1,511.5% in the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after acquiring an additional 3,023 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in Cisco Systems by 36.1% in the second quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after acquiring an additional 878 shares during the last quarter. Grove Bank & Trust lifted its stake in Cisco Systems by 141.3% in the second quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock valued at $113,000 after acquiring an additional 2,120 shares during the last quarter. Watermark Asset Management Inc. acquired a new stake in Cisco Systems in the first quarter valued at $122,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in 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 acquiring an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.

Cisco Systems, Inc. (CSCO) opened at $37.60 on Monday. Cisco Systems, Inc. has a 1 year low of $29.12 and a 1 year high of $38.03. The company has a market cap of $185,880.19, a PE ratio of 17.33, a P/E/G ratio of 3.40 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The business had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same period last year, the firm earned $0.61 earnings per share. 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 EPS for the current year.

In related news, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Karen Walker sold 5,786 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the transaction, the senior vice president now directly owns 176,418 shares in the company, valued at $6,437,492.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 493,530 shares of company stock worth $16,993,798. 0.05% of the stock is owned by insiders.

CSCO has been the subject of a number of recent analyst reports. Robert W. Baird set a $38.00 price target on shares of Cisco Systems and gave the company a “buy” rating in a research note on Monday, August 7th. Deutsche Bank reiterated a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a research note on Tuesday, August 8th. Credit Suisse Group reiterated a “buy” rating on shares of Cisco Systems in a research note on Thursday, August 10th. Drexel Hamilton restated a “buy” rating and set a $39.00 target price on shares of Cisco Systems in a research note on Tuesday, August 15th. Finally, Vetr cut shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 target price for the company. in a research note on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.80.

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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).

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

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