Quadrature Capital Ltd Has $1.11 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

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Quadrature Capital Ltd raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 30.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,800 shares of the network equipment provider’s stock after acquiring an additional 5,554 shares during the period. Quadrature Capital Ltd’s holdings in Cisco Systems were worth $1,110,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CSCO. Lincoln National Corp raised its holdings in shares of Cisco Systems by 13.8% in the 1st quarter. Lincoln National Corp now owns 63,702 shares of the network equipment provider’s stock worth $2,504,000 after buying an additional 7,728 shares in the last quarter. Girard Partners LTD. raised its holdings in shares of Cisco Systems by 6.1% in the 1st quarter. Girard Partners LTD. now owns 164,276 shares of the network equipment provider’s stock worth $6,457,000 after buying an additional 9,506 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of Cisco Systems by 4.8% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 803,429 shares of the network equipment provider’s stock worth $31,583,000 after buying an additional 36,521 shares in the last quarter. GWM Advisors LLC raised its holdings in shares of Cisco Systems by 0.3% in the 1st quarter. GWM Advisors LLC now owns 486,721 shares of the network equipment provider’s stock worth $19,133,000 after buying an additional 1,578 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC raised its holdings in shares of Cisco Systems by 140.4% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 126,856 shares of the network equipment provider’s stock worth $4,987,000 after buying an additional 74,094 shares in the last quarter. 71.28% of the stock is owned by hedge funds and other institutional investors.

In other Cisco Systems news, CAO Prat Bhatt sold 2,873 shares of Cisco Systems stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $42.11, for a total value of $120,982.03. Following the sale, the chief accounting officer now owns 82,006 shares of the company’s stock, valued at approximately $3,453,272.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kelly A. Kramer sold 45,000 shares of Cisco Systems stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $42.01, for a total value of $1,890,450.00. Insiders have sold a total of 65,869 shares of company stock worth $2,785,806 in the last ninety days. 0.03% of the stock is currently owned by company insiders.

A number of research firms recently commented on CSCO. JPMorgan Chase & Co. decreased their price target on Cisco Systems from $50.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, August 13th. Piper Sandler increased their price target on Cisco Systems from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Raymond James increased their price target on Cisco Systems from $48.00 to $49.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Royal Bank of Canada restated a “buy” rating and set a $48.00 price target on shares of Cisco Systems in a research report on Thursday, August 13th. Finally, Bank of America upgraded Cisco Systems from a “neutral” rating to a “buy” rating and increased their price target for the stock from $48.00 to $55.00 in a research report on Tuesday, June 16th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $49.39.

Cisco Systems stock traded down $0.13 during mid-day trading on Friday, hitting $40.82. 34,811,633 shares of the company’s stock were exchanged, compared to its average volume of 25,994,692. The firm has a market capitalization of $172.35 billion, a P/E ratio of 15.52, a PEG ratio of 2.33 and a beta of 0.84. Cisco Systems, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $50.30. The company has a quick ratio of 1.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.31. The company’s 50 day simple moving average is $44.98 and its 200-day simple moving average is $43.50.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.06. Cisco Systems had a return on equity of 34.75% and a net margin of 22.75%. During the same quarter in the prior year, the firm posted $0.83 EPS. Research analysts expect that Cisco Systems, Inc. will post 2.8 EPS for the current year.

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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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