Cisco Systems, Inc. (CSCO) Holdings Raised by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 45.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,730 shares of the network equipment provider’s stock after purchasing an additional 3,050 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Cisco Systems were worth $418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CSCO. FCG Advisors LLC increased its holdings in Cisco Systems by 7.9% in the first quarter. FCG Advisors LLC now owns 15,574 shares of the network equipment provider’s stock valued at $668,000 after purchasing an additional 1,140 shares during the period. Forbes J M & Co. LLP increased its holdings in Cisco Systems by 0.5% in the second quarter. Forbes J M & Co. LLP now owns 217,760 shares of the network equipment provider’s stock valued at $9,370,000 after purchasing an additional 1,163 shares during the period. Ballast Inc. increased its holdings in Cisco Systems by 6.6% in the first quarter. Ballast Inc. now owns 18,810 shares of the network equipment provider’s stock valued at $807,000 after purchasing an additional 1,172 shares during the period. Peachtree Investment Advisors Inc. increased its holdings in Cisco Systems by 2.7% in the second quarter. Peachtree Investment Advisors Inc. now owns 44,093 shares of the network equipment provider’s stock valued at $1,897,000 after purchasing an additional 1,175 shares during the period. Finally, Bogart Wealth LLC increased its holdings in Cisco Systems by 2.3% in the second quarter. Bogart Wealth LLC now owns 55,611 shares of the network equipment provider’s stock valued at $2,392,000 after purchasing an additional 1,241 shares during the period. Hedge funds and other institutional investors own 69.52% of the company’s stock.

In related news, SVP Irving Tan sold 68,308 shares of Cisco Systems stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $47.38, for a total value of $3,236,433.04. Following the completion of the transaction, the senior vice president now directly owns 150,763 shares in the company, valued at approximately $7,143,150.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Prat Bhatt sold 33,950 shares of Cisco Systems stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $44.86, for a total transaction of $1,522,997.00. Following the completion of the transaction, the senior vice president now owns 90,207 shares of the company’s stock, valued at $4,046,686.02. The disclosure for this sale can be found here. Insiders sold a total of 558,943 shares of company stock valued at $26,362,383 over the last quarter. 0.03% of the stock is owned by company insiders.

CSCO has been the subject of a number of recent analyst reports. BidaskClub upgraded Cisco Systems from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Goldman Sachs Group restated a “buy” rating and issued a $56.00 target price on shares of Cisco Systems in a research note on Thursday, August 16th. BMO Capital Markets raised their target price on Cisco Systems from $43.00 to $48.00 and gave the company a “market perform” rating in a research note on Thursday, August 16th. William Blair restated an “outperform” rating on shares of Cisco Systems in a research note on Thursday, August 16th. Finally, Cowen raised their target price on Cisco Systems from $51.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, August 16th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $50.26.

Cisco Systems stock opened at $47.87 on Monday. Cisco Systems, Inc. has a 1-year low of $36.73 and a 1-year high of $49.47. The company has a market capitalization of $230.61 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 2.80 and a beta of 1.15. The company has a quick ratio of 2.05, a current ratio of 2.11 and a debt-to-equity ratio of 0.42.

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

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Cisco Systems 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.

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

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