Moors & Cabot Inc. Reduces Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Moors & Cabot Inc. decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 26.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,835 shares of the network equipment provider’s stock after selling 34,844 shares during the quarter. Moors & Cabot Inc.’s holdings in Cisco Systems were worth $3,906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. lifted its position in Cisco Systems by 1.9% during the first quarter. BlackRock Inc. now owns 323,155,278 shares of the network equipment provider’s stock valued at $12,703,234,000 after buying an additional 5,966,755 shares during the period. State Street Corp lifted its position in Cisco Systems by 0.6% during the fourth quarter. State Street Corp now owns 187,545,264 shares of the network equipment provider’s stock valued at $8,994,671,000 after buying an additional 1,132,414 shares during the period. Geode Capital Management LLC lifted its position in Cisco Systems by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 61,424,001 shares of the network equipment provider’s stock valued at $2,940,106,000 after buying an additional 1,272,644 shares during the period. Norges Bank purchased a new position in Cisco Systems during the fourth quarter valued at $2,297,257,000. Finally, FMR LLC lifted its position in Cisco Systems by 13.1% during the fourth quarter. FMR LLC now owns 36,607,406 shares of the network equipment provider’s stock valued at $1,755,691,000 after buying an additional 4,244,954 shares during the period. 71.52% of the stock is owned by institutional investors.

Several brokerages have commented on CSCO. Wells Fargo & Co raised their price objective on Cisco Systems from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. KeyCorp lowered Cisco Systems from an “overweight” rating to a “sector weight” rating in a research report on Friday, April 17th. Argus restated a “buy” rating on shares of Cisco Systems in a report on Thursday, March 26th. TheStreet downgraded Cisco Systems from a “b” rating to a “c+” rating in a report on Thursday, March 12th. Finally, Barclays raised their price target on Cisco Systems from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Sixteen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $50.13.

NASDAQ CSCO traded down $1.51 during trading hours on Monday, hitting $46.32. The company’s stock had a trading volume of 7,130,124 shares, compared to its average volume of 23,476,058. The company’s 50 day simple moving average is $42.85 and its two-hundred day simple moving average is $44.13. The company has a market cap of $201.91 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 3.10 and a beta of 1.00. Cisco Systems, Inc. has a 12 month low of $32.40 and a 12 month high of $58.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.59 and a quick ratio of 1.55.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, May 13th. The network equipment provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. The business had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $11.87 billion. Cisco Systems had a return on equity of 36.47% and a net margin of 21.32%. During the same period in the previous year, the company posted $0.78 EPS. As a group, research analysts predict that Cisco Systems, Inc. will post 2.86 earnings per share for the current fiscal 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.

Further Reading: How To Calculate Debt-to-Equity Ratio

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

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