Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Alethea Capital Management LLC

Alethea Capital Management LLC raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 136.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,624 shares of the network equipment provider’s stock after acquiring an additional 9,012 shares during the period. Alethea Capital Management LLC’s holdings in Cisco Systems were worth $490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tocqueville Asset Management L.P. increased its holdings in shares of Cisco Systems by 0.3% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 535,593 shares of the network equipment provider’s stock worth $16,764,000 after buying an additional 1,460 shares during the last quarter. Advisors Management Group Inc. ADV boosted its stake in shares of Cisco Systems by 0.4% during the 2nd quarter. Advisors Management Group Inc. ADV now owns 73,844 shares of the network equipment provider’s stock worth $2,311,000 after purchasing an additional 308 shares during the period. Cadence Capital Management LLC boosted its stake in shares of Cisco Systems by 3.7% during the 2nd quarter. Cadence Capital Management LLC now owns 401,686 shares of the network equipment provider’s stock worth $12,573,000 after purchasing an additional 14,174 shares during the period. Apriem Advisors boosted its stake in shares of Cisco Systems by 4.7% during the 2nd quarter. Apriem Advisors now owns 136,140 shares of the network equipment provider’s stock worth $4,261,000 after purchasing an additional 6,127 shares during the period. Finally, Montag A & Associates Inc. boosted its stake in shares of Cisco Systems by 4.7% during the 2nd quarter. Montag A & Associates Inc. now owns 167,987 shares of the network equipment provider’s stock worth $5,258,000 after purchasing an additional 7,551 shares during the period. Institutional investors own 75.79% of the company’s stock.

Cisco Systems, Inc. (CSCO) traded down $0.01 during trading on Thursday, reaching $37.40. 17,083,778 shares of the company traded hands, compared to its average volume of 20,400,150. Cisco Systems, Inc. has a 52-week low of $29.73 and a 52-week high of $38.03. The firm has a market capitalization of $185,290.00, a PE ratio of 17.19, a P/E/G ratio of 3.37 and a beta of 1.19. 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 data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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%. Cisco Systems’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. research analysts anticipate that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

In other Cisco Systems news, CEO Charles Robbins sold 121,390 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction of $3,891,763.40. Following the completion of the transaction, the chief executive officer now owns 552,694 shares of the company’s stock, valued at $17,719,369.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Prat Bhatt sold 25,638 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $821,954.28. Following the transaction, the chief accounting officer now directly owns 119,996 shares of the company’s stock, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 493,530 shares of company stock valued at $16,993,798. 0.05% of the stock is currently owned by insiders.

A number of research firms recently commented on CSCO. Stifel Nicolaus set a $34.00 price target on shares of Cisco Systems and gave the stock a “hold” rating in a research note 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 price objective 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 cut shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price objective for the company. in a research report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $36.90.

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About Cisco Systems

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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