Amalgamated Bank Has $26.67 Million Holdings in Cisco Systems, Inc. (CSCO)

Amalgamated Bank boosted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 619,864 shares of the network equipment provider’s stock after acquiring an additional 4,514 shares during the quarter. Cisco Systems comprises about 0.7% of Amalgamated Bank’s investment portfolio, making the stock its 23rd biggest position. Amalgamated Bank’s holdings in Cisco Systems were worth $26,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of CSCO. BlackRock Inc. grew its stake in shares of Cisco Systems by 1.1% during the first quarter. BlackRock Inc. now owns 339,004,547 shares of the network equipment provider’s stock valued at $14,539,904,000 after buying an additional 3,630,488 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Cisco Systems by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 55,764,986 shares of the network equipment provider’s stock valued at $2,131,581,000 after buying an additional 909,507 shares during the last quarter. Boston Partners grew its stake in shares of Cisco Systems by 0.4% during the first quarter. Boston Partners now owns 33,948,505 shares of the network equipment provider’s stock valued at $1,456,051,000 after buying an additional 149,272 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Cisco Systems by 0.6% during the fourth quarter. Lazard Asset Management LLC now owns 31,640,136 shares of the network equipment provider’s stock valued at $1,211,815,000 after buying an additional 187,711 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Cisco Systems by 6.7% during the fourth quarter. TIAA CREF Investment Management LLC now owns 29,601,283 shares of the network equipment provider’s stock valued at $1,133,729,000 after buying an additional 1,853,106 shares during the last quarter. 71.65% of the stock is currently owned by institutional investors.

Shares of NASDAQ:CSCO opened at $47.40 on Friday. Cisco Systems, Inc. has a 52-week low of $32.12 and a 52-week high of $48.06. The company has a market capitalization of $225.89 billion, a P/E ratio of 20.26, a PEG ratio of 2.79 and a beta of 1.06. The company has a current ratio of 2.29, a quick ratio of 2.22 and a debt-to-equity ratio of 0.47.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 15th. The network equipment provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. Cisco Systems had a return on equity of 22.12% and a net margin of 0.22%. The company had revenue of $12.84 billion for the quarter, compared to analysts’ expectations of $12.76 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Cisco Systems’s revenue was up 5.9% compared to the same quarter last year. equities research analysts predict that Cisco Systems, Inc. will post 2.65 earnings per share for the current fiscal year.

CSCO has been the topic of a number of analyst reports. Zacks Investment Research raised Cisco Systems from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Tuesday, July 24th. BidaskClub raised Cisco Systems from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Cisco Systems in a research note on Monday, June 11th. Piper Jaffray Companies set a $50.00 target price on Cisco Systems and gave the company a “buy” rating in a research note on Monday, July 9th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and set a $56.00 target price on shares of Cisco Systems in a research note on Thursday, August 16th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $47.76.

In other Cisco Systems news, EVP David Goeckeler sold 35,000 shares of the company’s stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $43.27, for a total transaction of $1,514,450.00. Following the completion of the sale, the executive vice president now owns 490,458 shares in the company, valued at $21,222,117.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Irving Tan sold 68,308 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $47.38, for a total value of $3,236,433.04. Following the sale, the senior vice president now owns 150,763 shares of the company’s stock, valued at approximately $7,143,150.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 205,150 shares of company stock valued at $9,557,825. 0.05% of the stock is owned by company insiders.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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