Cisco Systems, Inc. (CSCO) Shares Sold by Sullivan Bruyette Speros & Blaney LLC

Sullivan Bruyette Speros & Blaney LLC decreased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,665 shares of the network equipment provider’s stock after selling 665 shares during the period. Sullivan Bruyette Speros & Blaney LLC’s holdings in Cisco Systems were worth $678,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Barnett & Company Inc. increased its position in shares of 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 worth $101,000 after acquiring an additional 3,023 shares in the last quarter. Tortoise Investment Management LLC increased its position in shares of 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 worth $104,000 after acquiring an additional 878 shares in the last quarter. Watermark Asset Management Inc. acquired a new stake in shares of Cisco Systems in the first quarter worth $122,000. Grove Bank & Trust increased its position in shares of Cisco Systems by 141.3% in the second quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock worth $113,000 after acquiring an additional 2,120 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position 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 worth $145,000 after acquiring an additional 560 shares in the last quarter. 75.79% of the stock is owned by hedge funds and other institutional investors.

In other Cisco Systems news, SVP Karen Walker sold 23,110 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 transaction of $740,906.60. Following the transaction, the senior vice president now directly owns 192,774 shares in the company, valued at approximately $6,180,334.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John T. Chambers sold 250,000 shares of the stock in a transaction on 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 owns 712,736 shares in the company, valued at $26,014,864. The disclosure for this sale can be found here. Insiders have sold a total of 493,530 shares of company stock worth $16,993,798 over the last quarter. 0.05% of the stock is currently owned by insiders.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $37.72 on Tuesday. The firm has a market cap of $185,880.19, a price-to-earnings ratio of 17.33, a P/E/G ratio of 3.40 and a beta of 1.19. Cisco Systems, Inc. has a fifty-two week low of $29.24 and a fifty-two week high of $38.03. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The firm had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the prior year, the firm posted $0.61 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. equities analysts anticipate that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.

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

TRADEMARK VIOLATION WARNING: This piece was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2017/12/05/cisco-systems-inc-csco-shares-sold-by-sullivan-bruyette-speros-blaney-llc.html.

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).

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

What are top analysts saying about Cisco Systems Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cisco Systems Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit