Aviance Capital Partners LLC increased their holdings in Cisco Systems, Inc. by 8.4% in the first quarter, purchasing an additional 6,454 shares. They now own 83,291 shares worth $4,157,000. Other institutional investors have also raised their stakes in CSCO shares recently. Healthcare of Ontario Pension Plan Trust Fund, Roble Belko & Company Inc, Louisiana State Employees’ Retirement System, Adage Capital Partners GP LLC, and Allen Mooney & Barnes Investment Advisors LLC have all seen increases in their holdings of Cisco Systems. Overall, 73.33% of CSCO shares are owned by hedge funds and institutional investors.
On Monday, Cisco Systems shares rose to $47.69, with a market cap of $192.13 billion and a P/E ratio of 16.00. The company recently reported earnings above expectations, with a revenue of $12.70 billion for the quarter. Analysts anticipate earnings of 3.14 per share for the fiscal year. Cisco Systems also announced a quarterly dividend, paying $0.40 per share with a 3.36% yield. Several analysts have issued reports on CSCO stock, with varied ratings including neutral, buy, and hold.
In internal company news, Executive Vice President Deborah L. Stahlkopf and CEO Charles Robbins have sold shares of Cisco Systems in recent transactions. Stahlkopf sold 8,016 shares at an average price of $48.24, and Robbins sold 26,331 shares at $46.10. Insiders have sold a total of 41,106 shares in the past ninety days, representing 0.02% of shares owned by company insiders.
Cisco Systems, Inc. designs and sells networking products globally, offering products such as switching, routing, wireless, and computing solutions. For more information on hedge fund holdings and insider transactions related to Cisco Systems, visit HoldingsChannel.com for the latest 13F filings and company updates. Get daily news and ratings on Cisco Systems by signing up for MarketBeat.com’s newsletter.
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