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

One Capital Management LLC lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,073 shares of the network equipment provider’s stock after buying an additional 2,946 shares during the quarter. One Capital Management LLC’s holdings in Cisco Systems were worth $2,600,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barnett & Company Inc. raised its stake in Cisco Systems by 1,511.5% in the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after purchasing an additional 3,023 shares in the last quarter. Tortoise Investment Management LLC raised its stake in Cisco Systems by 36.1% in the second quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after purchasing an additional 878 shares in the last quarter. Grove Bank & Trust raised its stake in Cisco Systems by 141.3% in the second quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock valued at $113,000 after purchasing an additional 2,120 shares in the last quarter. Watermark Asset Management Inc. acquired a new position in Cisco Systems in the first quarter valued at about $122,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Cisco Systems by 15.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock valued at $145,000 after purchasing an additional 560 shares in the last quarter. 75.79% of the stock is owned by institutional investors.

In related news, insider John T. Chambers sold 250,000 shares of the stock in a transaction dated 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 sale, the insider now owns 712,736 shares of the company’s stock, valued at approximately $26,014,864. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Prat Bhatt sold 2,606 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total value of $95,092.94. Following the sale, the chief accounting officer now directly owns 89,184 shares in the company, valued at approximately $3,254,324.16. The disclosure for this sale can be found here. Insiders have sold a total of 493,530 shares of company stock valued at $16,993,798 in the last quarter. 0.05% of the stock is owned by corporate insiders.

A number of research analysts recently commented on CSCO shares. Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price target for the company in a research note on Wednesday, September 6th. ValuEngine downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Oppenheimer reiterated a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a research report on Tuesday, October 31st. Cowen reiterated a “buy” rating on shares of Cisco Systems in a research report on Friday, November 17th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $40.00 target price on shares of Cisco Systems in a research report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $36.90.

Cisco Systems, Inc. (NASDAQ:CSCO) traded down $0.01 during mid-day trading on Thursday, hitting $37.40. The stock had a trading volume of 17,083,778 shares, compared to its average volume of 20,400,150. 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 company has a market cap of $185,290.00, 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 12 month low of $29.73 and a 12 month high of $38.03.

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