Greenleaf Trust Grows Position in Cisco Systems, Inc. (CSCO)

Greenleaf Trust lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,143 shares of the network equipment provider’s stock after acquiring an additional 896 shares during the period. Greenleaf Trust’s holdings in Cisco Systems were worth $1,131,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Watermark Asset Management Inc. bought a new position in shares of Cisco Systems in the first quarter worth about $122,000. Financial Management Professionals Inc. lifted its holdings in shares of Cisco Systems by 17.7% in the first quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock worth $118,000 after acquiring an additional 635 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of 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 worth $145,000 after acquiring an additional 560 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in shares of Cisco Systems by 23.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 4,393 shares of the network equipment provider’s stock worth $148,000 after acquiring an additional 823 shares during the last quarter. Finally, Thompson Davis & CO. Inc. lifted its holdings in shares of Cisco Systems by 14.3% in the first quarter. Thompson Davis & CO. Inc. now owns 4,441 shares of the network equipment provider’s stock worth $150,000 after acquiring an additional 555 shares during the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.

A number of brokerages recently issued reports on CSCO. Instinet reiterated a “neutral” rating and issued a $29.00 price objective on shares of Cisco Systems in a report on Monday, July 3rd. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Cisco Systems in a report on Monday, June 26th. Morgan Stanley upgraded shares of Cisco Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $33.45 to $39.00 in a report on Monday, May 15th. Vetr upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $33.39 price objective for the company in a report on Monday, July 17th. Finally, Zacks Investment Research lowered shares of Cisco Systems from a “hold” rating to a “sell” rating in a report on Monday, May 15th. Fourteen research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Cisco Systems currently has an average rating of “Buy” and a consensus target price of $35.54.

Shares of Cisco Systems, Inc. (CSCO) traded up 0.699% during midday trading on Tuesday, reaching $32.415. The company had a trading volume of 9,043,738 shares. The company has a 50 day moving average of $31.58 and a 200 day moving average of $32.50. Cisco Systems, Inc. has a 12-month low of $29.12 and a 12-month high of $34.60. The firm has a market capitalization of $161.85 billion, a price-to-earnings ratio of 17.061 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The company had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. During the same quarter in the prior year, the company earned $0.63 earnings per share. Cisco Systems’s revenue was down 4.0% on a year-over-year basis. Analysts anticipate that Cisco Systems, Inc. will post $2.43 EPS for the current year.

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

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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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