Cisco Systems, Inc. (CSCO) Holdings Lowered by Gotham Asset Management LLC

Gotham Asset Management LLC lowered its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 30.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,721,187 shares of the network equipment provider’s stock after selling 770,611 shares during the quarter. Cisco Systems accounts for approximately 0.7% of Gotham Asset Management LLC’s investment portfolio, making the stock its 11th biggest holding. Gotham Asset Management LLC’s holdings in Cisco Systems were worth $58,176,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Soros Fund Management LLC bought a new position in shares of Cisco Systems during the 1st quarter worth approximately $1,075,000. New England Asset Management Inc. lifted its position in shares of Cisco Systems by 8.7% during the 1st quarter. New England Asset Management Inc. now owns 188,749 shares of the network equipment provider’s stock worth $6,379,000 after buying an additional 15,183 shares in the last quarter. Day & Ennis LLC lifted its position in shares of Cisco Systems by 9.4% during the 1st quarter. Day & Ennis LLC now owns 7,556 shares of the network equipment provider’s stock worth $255,000 after buying an additional 647 shares in the last quarter. Highbridge Capital Management LLC lifted its position in shares of Cisco Systems by 14.1% during the 1st quarter. Highbridge Capital Management LLC now owns 156,532 shares of the network equipment provider’s stock worth $5,292,000 after buying an additional 19,320 shares in the last quarter. Finally, Cypress Capital Group lifted its position in shares of Cisco Systems by 29.3% during the 1st quarter. Cypress Capital Group now owns 54,765 shares of the network equipment provider’s stock worth $1,851,000 after buying an additional 12,411 shares in the last quarter. 74.70% of the stock is currently owned by hedge funds and other institutional investors.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the completion of the sale, the insider now directly owns 729,305 shares in the company, valued at approximately $22,710,557.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Rebecca Jacoby sold 92,840 shares of Cisco Systems stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $31.71, for a total transaction of $2,943,956.40. Following the sale, the senior vice president now owns 271,725 shares of the company’s stock, valued at $8,616,399.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 350,642 shares of company stock worth $10,973,081. 0.11% of the stock is owned by insiders.

CSCO has been the topic of several recent analyst reports. Citigroup Inc. set a $36.00 target price on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Friday, May 19th. Deutsche Bank AG set a $40.00 price target on shares of Cisco Systems and gave the stock a “buy” rating in a research note on Friday, May 19th. Drexel Hamilton restated a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a research note on Tuesday, May 16th. Jefferies Group LLC restated a “buy” rating and set a $37.00 price target on shares of Cisco Systems in a research note on Friday, May 19th. Finally, Robert W. Baird restated a “buy” rating on shares of Cisco Systems in a research note on Thursday, May 18th. Fourteen investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Cisco Systems has a consensus rating of “Buy” and an average target price of $35.54.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) traded down 0.88% on Friday, hitting $31.48. 15,339,455 shares of the stock traded hands. The stock has a market cap of $157.18 billion, a P/E ratio of 16.57 and a beta of 1.19. The stock’s 50 day moving average price is $31.59 and its 200 day moving average price is $32.53. Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.60.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The company had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. Cisco Systems’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. On average, equities analysts expect that Cisco Systems, Inc. will post $2.43 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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