Cisco Systems, Inc. (CSCO) Shares Bought by Shelton Capital Management

Shelton Capital Management increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 92.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 711,583 shares of the network equipment provider’s stock after purchasing an additional 341,015 shares during the quarter. Cisco Systems makes up about 1.5% of Shelton Capital Management’s investment portfolio, making the stock its 11th largest holding. Shelton Capital Management’s holdings in Cisco Systems were worth $24,052,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Southeast Asset Advisors Inc. lifted its stake in shares of Cisco Systems by 0.5% in the 1st quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock valued at $312,000 after purchasing an additional 44 shares during the period. Financial Advisory Service Inc. lifted its stake in shares of Cisco Systems by 0.8% in the 1st quarter. Financial Advisory Service Inc. now owns 13,610 shares of the network equipment provider’s stock valued at $460,000 after purchasing an additional 114 shares during the period. Commonwealth Financial Services LLC lifted its stake in shares of Cisco Systems by 1.2% in the 1st quarter. Commonwealth Financial Services LLC now owns 10,265 shares of the network equipment provider’s stock valued at $339,000 after purchasing an additional 118 shares during the period. NEXT Financial Group Inc lifted its stake in shares of Cisco Systems by 0.3% in the 1st quarter. NEXT Financial Group Inc now owns 43,598 shares of the network equipment provider’s stock valued at $1,485,000 after purchasing an additional 126 shares during the period. Finally, Blue Fin Capital Inc. lifted its stake in shares of Cisco Systems by 0.4% in the 1st quarter. Blue Fin Capital Inc. now owns 31,073 shares of the network equipment provider’s stock valued at $1,050,000 after purchasing an additional 130 shares during the period. Institutional investors own 74.70% of the company’s stock.

A number of research firms have recently commented on CSCO. Robert W. Baird restated a “buy” rating and issued a $38.00 target price on shares of Cisco Systems in a research note on Monday. KeyCorp reaffirmed a “buy” rating on shares of Cisco Systems in a research report on Friday. Deutsche Bank AG reaffirmed a “buy” rating and set a $40.00 price objective on shares of Cisco Systems in a research report on Wednesday, September 6th. Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price objective for the company in a research report on Wednesday, September 6th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Cisco Systems in a research report on Thursday, August 31st. Fourteen equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $35.54.

In other news, SVP Karen Walker sold 7,802 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $31.29, for a total transaction of $244,124.58. Following the transaction, the senior vice president now directly owns 178,577 shares in the company, valued at $5,587,674.33. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Rebecca Jacoby sold 92,840 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $31.71, for a total transaction of $2,943,956.40. Following the transaction, the senior vice president now owns 271,725 shares in the company, valued at $8,616,399.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 350,642 shares of company stock worth $10,973,081. Company insiders own 0.11% of the company’s stock.

Cisco Systems, Inc. (CSCO) traded up 1.84% during midday trading on Monday, hitting $32.06. The company had a trading volume of 6,127,735 shares. The firm has a market capitalization of $160.08 billion, a P/E ratio of 16.87 and a beta of 1.19. Cisco Systems, Inc. has a 1-year low of $29.12 and a 1-year high of $34.60. The company has a 50 day moving average price of $31.58 and a 200 day moving average price of $32.51.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The business had revenue of $12.13 billion for the quarter, compared to analyst estimates of $12.07 billion. During the same period in the previous year, the business posted $0.63 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. Equities research analysts forecast that Cisco Systems, Inc. will post $2.43 earnings per share for the current fiscal year.

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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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