Cisco Systems, Inc. (CSCO) Stake Lifted by Daiwa SB Investments Ltd.

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Daiwa SB Investments Ltd. boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.8% during the second quarter, Holdings Channel reports. The institutional investor owned 155,980 shares of the network equipment provider’s stock after buying an additional 9,890 shares during the period. Cisco Systems comprises approximately 1.6% of Daiwa SB Investments Ltd.’s investment portfolio, making the stock its 23rd biggest position. Daiwa SB Investments Ltd.’s holdings in Cisco Systems were worth $6,712,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSCO. Amundi Pioneer Asset Management Inc. grew its stake in Cisco Systems by 91.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 19,498,882 shares of the network equipment provider’s stock valued at $746,806,000 after buying an additional 9,292,187 shares during the last quarter. Mackenzie Financial Corp grew its stake in Cisco Systems by 5,651.3% in the 4th quarter. Mackenzie Financial Corp now owns 4,910,280 shares of the network equipment provider’s stock valued at $188,064,000 after buying an additional 4,824,903 shares during the last quarter. Summit Trail Advisors LLC grew its stake in Cisco Systems by 4,313.3% in the 1st quarter. Summit Trail Advisors LLC now owns 4,814,373 shares of the network equipment provider’s stock valued at $4,814,000 after buying an additional 4,705,284 shares during the last quarter. SG Americas Securities LLC grew its stake in Cisco Systems by 565.8% in the 1st quarter. SG Americas Securities LLC now owns 4,532,099 shares of the network equipment provider’s stock valued at $194,382,000 after buying an additional 3,851,446 shares during the last quarter. Finally, Swedbank grew its stake in Cisco Systems by 43.5% in the 4th quarter. Swedbank now owns 12,425,302 shares of the network equipment provider’s stock valued at $475,889,000 after buying an additional 3,768,806 shares during the last quarter. Institutional investors and hedge funds own 71.65% of the company’s stock.

In other news, EVP David Goeckeler sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, June 22nd. The shares were 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 of the company’s stock, valued at approximately $21,222,117.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Shares of NASDAQ:CSCO opened at $47.05 on Friday. Cisco Systems, Inc. has a 12-month low of $31.46 and a 12-month high of $48.06. The company has a market cap of $227.72 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 2.81 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 issued its quarterly earnings results on Wednesday, August 15th. The network equipment provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.01. Cisco Systems had a net margin of 0.22% and a return on equity of 22.12%. The company had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $12.76 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. equities analysts expect that Cisco Systems, Inc. will post 2.65 earnings per share for the current fiscal year.

A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. BidaskClub lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Piper Jaffray Companies set a $50.00 price target on shares of Cisco Systems and gave the company a “buy” rating in a research note on Monday, July 9th. Argus upped their price target on shares of Cisco Systems to $55.00 and gave the company a “buy” rating in a research note on Friday, May 18th. Finally, Credit Suisse Group set a $41.00 price target on shares of Cisco Systems and gave the company a “hold” rating in a research note on Thursday, May 17th. Nine investment 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 stock. Cisco Systems presently has a consensus rating of “Buy” and an average target price of $47.76.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.

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

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