Cisco Systems, Inc. (CSCO) Shares Sold by Numeric Investors LLC

Numeric Investors LLC lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 95.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,000 shares of the network equipment provider’s stock after selling 1,058,790 shares during the quarter. Numeric Investors LLC’s holdings in Cisco Systems were worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CSCO. Dowling & Yahnke LLC grew its position in shares of Cisco Systems by 0.3% during the first quarter. Dowling & Yahnke LLC now owns 210,778 shares of the network equipment provider’s stock worth $7,124,000 after acquiring an additional 681 shares during the last quarter. Lourd Capital LLC grew its position in shares of Cisco Systems by 16.1% during the first quarter. Lourd Capital LLC now owns 19,244 shares of the network equipment provider’s stock worth $650,000 after acquiring an additional 2,670 shares during the last quarter. Verity & Verity LLC grew its position in shares of Cisco Systems by 5.2% during the first quarter. Verity & Verity LLC now owns 241,712 shares of the network equipment provider’s stock worth $8,169,000 after acquiring an additional 11,972 shares during the last quarter. Greenleaf Trust grew its position in shares of Cisco Systems by 1.2% during the first quarter. Greenleaf Trust now owns 35,247 shares of the network equipment provider’s stock worth $1,191,000 after acquiring an additional 417 shares during the last quarter. Finally, Cedar Wealth Management LLC grew its position in Cisco Systems by 3.0% in the 1st quarter. Cedar Wealth Management LLC now owns 12,785 shares of the network equipment provider’s stock valued at $432,000 after buying an additional 370 shares during the last quarter. 75.79% of the stock is currently owned by institutional investors.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total value of $9,125,000.00. Following the completion of the transaction, the insider now owns 712,736 shares in the company, valued at approximately $26,014,864. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Karen Walker sold 23,110 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $740,906.60. Following the completion of the transaction, the senior vice president now owns 192,774 shares of the company’s stock, valued at approximately $6,180,334.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 493,530 shares of company stock valued at $16,993,798. 0.05% of the stock is owned by company insiders.

A number of equities analysts recently weighed in on the stock. JMP Securities reiterated a “market perform” rating on shares of Cisco Systems in a research report on Friday, August 18th. Stifel Nicolaus set a $34.00 price objective on shares of Cisco Systems and gave the company a “hold” rating in a research report on Tuesday, August 15th. Bank of America reiterated a “neutral” rating and issued a $35.00 price objective on shares of Cisco Systems in a research report on Friday, August 18th. BidaskClub upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price objective on the stock. in a research report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $36.90.

Shares of Cisco Systems, Inc. (CSCO) opened at $37.61 on Friday. The stock has a market capitalization of $184,940.91, a PE ratio of 17.24, a PEG ratio of 3.38 and a beta of 1.19. Cisco Systems, Inc. has a fifty-two week low of $29.73 and a fifty-two week high of $38.03. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. Cisco Systems’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. research analysts expect that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

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Cisco Systems Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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

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