Cisco Systems, Inc. (CSCO) Stake Maintained by Barbara Oil Co.

Barbara Oil Co. maintained its position in Cisco Systems, Inc. (NASDAQ:CSCO) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,951 shares of the network equipment provider’s stock at the close of the 2nd quarter. Cisco Systems makes up approximately 1.6% of Barbara Oil Co.’s portfolio, making the stock its 19th largest position. Barbara Oil Co.’s holdings in Cisco Systems were worth $2,158,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CSCO. LSV Asset Management grew its stake in shares of Cisco Systems by 0.5% in the 2nd quarter. LSV Asset Management now owns 27,453,460 shares of the network equipment provider’s stock worth $859,293,000 after purchasing an additional 134,162 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Cisco Systems by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 26,334,633 shares of the network equipment provider’s stock worth $824,310,000 after purchasing an additional 618,346 shares during the last quarter. Swiss National Bank grew its stake in shares of Cisco Systems by 4.3% in the 2nd quarter. Swiss National Bank now owns 18,555,993 shares of the network equipment provider’s stock worth $580,803,000 after purchasing an additional 769,500 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Cisco Systems by 3.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 17,004,668 shares of the network equipment provider’s stock worth $532,247,000 after purchasing an additional 558,915 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Cisco Systems by 2.4% in the second quarter. Fisher Asset Management LLC now owns 16,076,117 shares of the network equipment provider’s stock worth $503,182,000 after acquiring an additional 382,211 shares in the last quarter. Institutional investors own 75.79% of the company’s stock.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $37.41 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. The stock has a market cap of $184,446.55, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 3.37 and a beta of 1.19. Cisco Systems, Inc. has a one year low of $29.32 and a one year high of $38.03.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating 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 net margin of 20.26% and a return on equity of 16.64%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. equities research analysts predict that Cisco Systems, Inc. will post 2.21 EPS for the current fiscal year.

In other news, CAO Prat Bhatt sold 2,606 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $95,092.94. Following the completion of the sale, the chief accounting officer now directly owns 89,184 shares in the company, valued at $3,254,324.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the completion of the sale, the insider now owns 712,736 shares of the company’s stock, valued at $26,014,864. The disclosure for this sale can be found here. Insiders sold 493,530 shares of company stock valued at $16,993,798 over the last quarter. Corporate insiders own 0.05% of the company’s stock.

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

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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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