ST Germain D J Co. Inc. Grows Position in Cisco Systems, Inc. (NASDAQ:CSCO)

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ST Germain D J Co. Inc. grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 415,403 shares of the network equipment provider’s stock after buying an additional 795 shares during the quarter. Cisco Systems accounts for 1.3% of ST Germain D J Co. Inc.’s portfolio, making the stock its 24th largest position. ST Germain D J Co. Inc.’s holdings in Cisco Systems were worth $16,363,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. FNY Investment Advisers LLC raised its holdings in shares of Cisco Systems by 79,900.0% during the third quarter. FNY Investment Advisers LLC now owns 800 shares of the network equipment provider’s stock worth $31,000 after purchasing an additional 799 shares during the period. Emerald Advisers LLC acquired a new stake in shares of Cisco Systems during the second quarter worth $38,000. Ovata Capital Management Ltd acquired a new stake in shares of Cisco Systems during the second quarter worth $44,000. Laidlaw Wealth Management LLC raised its holdings in shares of Cisco Systems by 9,979.9% during the second quarter. Laidlaw Wealth Management LLC now owns 2,535,706 shares of the network equipment provider’s stock worth $54,000 after purchasing an additional 2,510,550 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of Cisco Systems by 57.6% during the third quarter. Larson Financial Group LLC now owns 1,480 shares of the network equipment provider’s stock worth $58,000 after purchasing an additional 541 shares during the period. Institutional investors own 63.55% of the company’s stock.

In related news, CFO Kelly A. Kramer sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $42.01, for a total transaction of $1,890,450.00. Also, CEO Charles Robbins sold 242,774 shares of the firm’s stock in a transaction that occurred on Thursday, November 19th. The shares were sold at an average price of $41.04, for a total transaction of $9,963,444.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 340,007 shares of company stock worth $14,047,269. Insiders own 0.02% of the company’s stock.

Shares of NASDAQ CSCO traded down $0.20 during mid-day trading on Friday, reaching $40.97. The company had a trading volume of 19,778,945 shares, compared to its average volume of 25,844,973. The stock has a fifty day moving average of $38.83 and a two-hundred day moving average of $42.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.54 and a current ratio of 1.59. The company has a market capitalization of $173.12 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 2.28 and a beta of 0.87. Cisco Systems, Inc. has a 12-month low of $32.40 and a 12-month high of $50.28.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Thursday, November 12th. The network equipment provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.06. The firm had revenue of $11.93 billion for the quarter, compared to analyst estimates of $11.85 billion. Cisco Systems had a net margin of 21.76% and a return on equity of 32.64%. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. Sell-side analysts forecast that Cisco Systems, Inc. will post 2.85 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the stock. New Street Research raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Friday, November 13th. Bank of America decreased their target price on shares of Cisco Systems from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, September 16th. ValuEngine lowered shares of Cisco Systems from a “hold” rating to a “sell” rating in a research report on Thursday, October 1st. BidaskClub lowered shares of Cisco Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Finally, Smith Barney Citigroup increased their target price on shares of Cisco Systems from $43.00 to $45.00 in a research report on Friday, November 13th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $47.54.

Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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