San Francisco Sentry Investment Group CA Has $1.02 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

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San Francisco Sentry Investment Group CA boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,632 shares of the network equipment provider’s stock after purchasing an additional 984 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Cisco Systems were worth $1,020,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CSCO. Enlightenment Research LLC bought a new position in shares of Cisco Systems during the second quarter worth approximately $5,600,000. Great Valley Advisor Group Inc. increased its stake in Cisco Systems by 87.1% in the second quarter. Great Valley Advisor Group Inc. now owns 53,601 shares of the network equipment provider’s stock valued at $2,935,000 after acquiring an additional 24,948 shares during the last quarter. Stevens Capital Management LP increased its stake in Cisco Systems by 39.1% in the second quarter. Stevens Capital Management LP now owns 555,338 shares of the network equipment provider’s stock valued at $30,394,000 after acquiring an additional 156,143 shares during the last quarter. Atlas Brown Inc. increased its stake in Cisco Systems by 6.8% in the second quarter. Atlas Brown Inc. now owns 16,157 shares of the network equipment provider’s stock valued at $884,000 after acquiring an additional 1,025 shares during the last quarter. Finally, Geneva Partners LLC increased its stake in Cisco Systems by 26.3% in the second quarter. Geneva Partners LLC now owns 21,039 shares of the network equipment provider’s stock valued at $1,151,000 after acquiring an additional 4,386 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

A number of brokerages recently issued reports on CSCO. Credit Suisse Group set a $50.00 price objective on shares of Cisco Systems and gave the company a “neutral” rating in a research note on Tuesday, August 27th. Citigroup decreased their price objective on shares of Cisco Systems from $65.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Robert W. Baird reissued a “buy” rating and issued a $57.00 price objective on shares of Cisco Systems in a research note on Monday, August 12th. Bank of America reissued a “buy” rating and issued a $62.00 price objective on shares of Cisco Systems in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada decreased their price objective on shares of Cisco Systems from $64.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.59.

Shares of NASDAQ:CSCO traded down $0.46 during mid-day trading on Friday, reaching $46.81. 18,116,911 shares of the company’s stock were exchanged, compared to its average volume of 23,698,632. The firm has a market capitalization of $202.35 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 2.20 and a beta of 1.18. The business’s fifty day moving average price is $52.77 and its 200-day moving average price is $53.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 1.51. Cisco Systems, Inc. has a twelve month low of $40.25 and a twelve month high of $58.26.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $13.43 billion for the quarter, compared to analyst estimates of $13.39 billion. Cisco Systems had a net margin of 22.39% and a return on equity of 32.43%. Cisco Systems’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 earnings per share. Analysts predict that Cisco Systems, Inc. will post 3.06 EPS for the current fiscal year.

In other news, EVP Mark D. Chandler sold 546 shares of Cisco Systems stock in a transaction on Monday, August 19th. The shares were sold at an average price of $47.92, for a total transaction of $26,164.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Wesley G. Bush purchased 10,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were acquired at an average price of $55.74 per share, for a total transaction of $557,400.00. Following the acquisition, the director now owns 3,017 shares of the company’s stock, valued at approximately $168,167.58. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 21,925 shares of company stock worth $1,227,506. 0.03% of the stock is owned by company insiders.

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.

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

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