Old Mutual Global Investors UK Ltd. Buys 137,971 Shares of Cisco Systems, Inc. (CSCO)

Old Mutual Global Investors UK Ltd. increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 206.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 204,912 shares of the network equipment provider’s stock after purchasing an additional 137,971 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Cisco Systems were worth $6,413,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. LSV Asset Management lifted its holdings in Cisco Systems by 0.5% during the 2nd quarter. LSV Asset Management now owns 27,453,460 shares of the network equipment provider’s stock worth $859,293,000 after purchasing an additional 134,162 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Cisco Systems by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 26,334,633 shares of the network equipment provider’s stock valued at $824,310,000 after acquiring an additional 618,346 shares in the last quarter. Swiss National Bank raised its holdings in shares of Cisco Systems by 4.3% in the 2nd quarter. Swiss National Bank now owns 18,555,993 shares of the network equipment provider’s stock valued at $580,803,000 after acquiring an additional 769,500 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Cisco Systems by 3.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 17,004,668 shares of the network equipment provider’s stock valued at $532,247,000 after acquiring an additional 558,915 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Cisco Systems by 2.4% in the 2nd quarter. Fisher Asset Management LLC now owns 16,076,117 shares of the network equipment provider’s stock valued at $503,182,000 after acquiring an additional 382,211 shares in the last quarter. 75.79% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems, Inc. (CSCO) opened at $37.41 on Thursday. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $184,446.55, a PE ratio of 17.19, a PEG ratio of 3.37 and a beta of 1.19. Cisco Systems, Inc. has a 1 year low of $29.32 and a 1 year high of $38.03.

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

In related news, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was 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 in the company, valued at approximately $26,014,864. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Charles Robbins sold 121,390 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $3,891,763.40. Following the transaction, the chief executive officer now owns 552,694 shares in the company, valued at $17,719,369.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 493,530 shares of company stock worth $16,993,798. 0.05% of the stock is owned by corporate insiders.

Several analysts have weighed in on CSCO shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a report on Thursday, August 17th. Robert W. Baird reaffirmed a “buy” rating and issued a $38.00 price target on shares of Cisco Systems in a report on Thursday, August 17th. Drexel Hamilton reaffirmed a “buy” rating and issued a $39.00 price target on shares of Cisco Systems in a report on Tuesday, August 15th. Credit Suisse Group reaffirmed a “buy” rating on shares of Cisco Systems in a report on Thursday, August 10th. Finally, Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price target on the stock in a report on Wednesday, September 6th. 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 stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $36.90.

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Cisco Systems 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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