BRYN MAWR TRUST Co Has $27.58 Million Holdings in Cisco Systems, Inc. (CSCO)

BRYN MAWR TRUST Co lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 640,864 shares of the network equipment provider’s stock after selling 7,208 shares during the period. Cisco Systems comprises 1.5% of BRYN MAWR TRUST Co’s portfolio, making the stock its 10th largest holding. BRYN MAWR TRUST Co’s holdings in Cisco Systems were worth $27,576,000 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 added to or reduced their stakes in the business. Natixis boosted its stake in Cisco Systems by 66.9% in the second quarter. Natixis now owns 3,236,837 shares of the network equipment provider’s stock valued at $138,204,000 after acquiring an additional 1,297,035 shares in the last quarter. Voya Investment Management LLC boosted its stake in Cisco Systems by 2.8% in the second quarter. Voya Investment Management LLC now owns 7,353,656 shares of the network equipment provider’s stock valued at $316,428,000 after acquiring an additional 203,686 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Cisco Systems by 6.7% in the second quarter. Valeo Financial Advisors LLC now owns 36,187 shares of the network equipment provider’s stock valued at $1,583,000 after acquiring an additional 2,264 shares in the last quarter. Lido Advisors LLC boosted its stake in Cisco Systems by 12.8% in the second quarter. Lido Advisors LLC now owns 61,903 shares of the network equipment provider’s stock valued at $2,663,000 after acquiring an additional 7,034 shares in the last quarter. Finally, Wealthsource Partners LLC boosted its stake in Cisco Systems by 12.4% in the second quarter. Wealthsource Partners LLC now owns 27,176 shares of the network equipment provider’s stock valued at $1,169,000 after acquiring an additional 3,007 shares in the last quarter. Institutional investors own 70.28% of the company’s stock.

Shares of NASDAQ:CSCO opened at $47.87 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.11 and a quick ratio of 2.05. The stock has a market capitalization of $230.61 billion, a P/E ratio of 20.46, a PEG ratio of 2.80 and a beta of 1.11. Cisco Systems, Inc. has a 52 week low of $36.73 and a 52 week high of $49.47.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 14th. The network equipment provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $12.86 billion. Cisco Systems had a net margin of 2.52% and a return on equity of 25.58%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 2.7 earnings per share for the current fiscal year.

Several research firms have issued reports on CSCO. Zacks Investment Research downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Robert W. Baird reiterated an “outperform” rating and set a $53.00 target price on shares of Cisco Systems in a research note on Thursday. BidaskClub upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. KeyCorp increased their target price on shares of Cisco Systems from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, November 15th. Finally, William Blair reiterated an “outperform” rating on shares of Cisco Systems in a research note on Thursday, August 16th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $50.26.

In related news, EVP David Goeckeler sold 63,050 shares of the firm’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $47.57, for a total value of $2,999,288.50. Following the completion of the sale, the executive vice president now owns 547,019 shares in the company, valued at $26,021,693.83. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark D. Chandler sold 4,373 shares of the firm’s stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $44.89, for a total transaction of $196,303.97. The disclosure for this sale can be found here. In the last 90 days, insiders sold 558,943 shares of company stock valued at $26,362,383. 0.03% of the stock is owned by insiders.

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Cisco Systems Company Profile

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.

See Also: Asset Allocation, Balancing Your Investments

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO).

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

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