Mizuho Securities Co. Ltd. Sells 630 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Mizuho Securities Co. Ltd. decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 20.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,410 shares of the network equipment provider’s stock after selling 630 shares during the quarter. Mizuho Securities Co. Ltd.’s holdings in Cisco Systems were worth $128,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Main Street Financial Solutions LLC raised its holdings in Cisco Systems by 1.2% during the 3rd quarter. Main Street Financial Solutions LLC now owns 23,073 shares of the network equipment provider’s stock worth $1,228,000 after purchasing an additional 273 shares during the last quarter. D Orazio & Associates Inc. grew its position in shares of Cisco Systems by 3.3% during the 3rd quarter. D Orazio & Associates Inc. now owns 9,597 shares of the network equipment provider’s stock worth $511,000 after buying an additional 304 shares during the period. Schrum Private Wealth Management LLC grew its position in shares of Cisco Systems by 75.7% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 10,096 shares of the network equipment provider’s stock worth $537,000 after buying an additional 4,349 shares during the period. ICICI Prudential Asset Management Co Ltd grew its position in shares of Cisco Systems by 18.8% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 52,594 shares of the network equipment provider’s stock worth $2,799,000 after buying an additional 8,337 shares during the period. Finally, Angeles Investment Advisors LLC grew its position in shares of Cisco Systems by 2.3% during the 3rd quarter. Angeles Investment Advisors LLC now owns 10,546 shares of the network equipment provider’s stock worth $561,000 after buying an additional 237 shares during the period. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Cisco Systems stock traded down $0.08 during midday trading on Wednesday, reaching $58.63. The stock had a trading volume of 6,260,884 shares, compared to its average volume of 18,900,785. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $59.38. The firm’s 50-day moving average price is $53.64 and its 200 day moving average price is $49.57. The firm has a market capitalization of $233.98 billion, a PE ratio of 23.11, a P/E/G ratio of 4.86 and a beta of 0.83. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.53 billion. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 EPS. As a group, research analysts predict that Cisco Systems, Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 3,379 shares of Cisco Systems stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $50.36, for a total transaction of $170,166.44. Following the completion of the transaction, the senior vice president now owns 47,182 shares of the company’s stock, valued at $2,376,085.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Maria Victoria Wong sold 3,379 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $50.36, for a total transaction of $170,166.44. Following the completion of the transaction, the senior vice president now owns 47,182 shares of the company’s stock, valued at approximately $2,376,085.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deborah L. Stahlkopf sold 7,462 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $49.41, for a total value of $368,697.42. Following the transaction, the executive vice president now directly owns 165,580 shares of the company’s stock, valued at $8,181,307.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,529 shares of company stock valued at $3,509,049 in the last quarter. 0.01% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CSCO shares. Hsbc Global Res raised shares of Cisco Systems to a “strong-buy” rating in a research report on Friday, August 16th. Barclays reduced their price target on shares of Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, August 15th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research report on Thursday, August 15th. Evercore ISI lifted their price target on shares of Cisco Systems from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Finally, Rosenblatt Securities lifted their price target on shares of Cisco Systems from $56.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Twelve research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Cisco Systems currently has a consensus rating of “Moderate Buy” and an average price target of $57.32.

About Cisco Systems

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. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.