The OLD Second National Bank of Aurora Has $2.99 Million Position in Cisco Systems, Inc. (CSCO)

The OLD Second National Bank of Aurora Has $2.99 Million Position in Cisco Systems, Inc. (CSCO)

Other institutional investors have also added to or reduced their stakes in the company. Edmond DE Rothschild Monaco acquired a new position in Cisco Systems during the third quarter valued at approximately $111,000. Seven Eight Capital LP acquired a new position in Cisco Systems during the fourth quarter valued at approximately $112,000. Patriot Financial Group Insurance Agency LLC acquired a new position in Cisco Systems during the fourth quarter valued at approximately $128,000. Jackson Grant Investment Advisers Inc. raised its position in Cisco Systems by 4,150.0% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 4,250 shares of the network equipment provider’s stock valued at $128,000 after buying an additional 4,150 shares in the last quarter. Finally, Norway Savings Bank acquired a new position in Cisco Systems during the fourth quarter valued at approximately $136,000. 75.24% of the stock is currently owned by institutional investors.

OLD Second National Bank of Aurora lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.8% during the first quarter, Holdings Channel reports. The institutional investor owned 88,358 shares of the network equipment provider’s stock after selling 3,491 shares during the period. Cisco Systems comprises 1.3% of OLD Second National Bank of Aurora’s portfolio, making the stock its 25th largest position. OLD Second National Bank of Aurora’s holdings in Cisco Systems were worth $2,987,000 as of its most recent SEC filing.

Shares of Cisco Systems, Inc. (CSCO) opened at 31.98 on Monday. Cisco Systems, Inc. has a 12 month low of $27.13 and a 12 month high of $34.60. The company’s 50-day moving average is $32.98 and its 200 day moving average is $32.09. The company has a market capitalization of $159.90 billion, a price-to-earnings ratio of 16.23 and a beta of 1.36.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. Cisco Systems had a return on equity of 17.50% and a net margin of 21.73%. The company had revenue of $11.94 billion during the quarter, compared to analysts’ expectations of $11.90 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that Cisco Systems, Inc. will post $2.38 earnings per share for the current year.

A number of equities research analysts have issued reports on CSCO shares. Raymond James Financial, Inc. reissued an “outperform” rating on shares of Cisco Systems in a report on Friday, February 17th. Robert W. Baird reissued a “buy” rating on shares of Cisco Systems in a report on Thursday, May 18th. Drexel Hamilton reissued a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a report on Tuesday, May 23rd. Vetr lowered shares of Cisco Systems from a “hold” rating to a “sell” rating and set a $31.80 price target on the stock. in a report on Thursday, February 16th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $37.00 price target on shares of Cisco Systems in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $35.19.

In other news, insider John T. Chambers sold 295,537 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $31.52, for a total value of $9,315,326.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Prat Bhatt sold 15,672 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $34.27, for a total value of $537,079.44. Following the completion of the transaction, the senior vice president now directly owns 77,174 shares of the company’s stock, valued at approximately $2,644,752.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 327,209 shares of company stock valued at $10,397,046. 0.11% of the stock is currently owned by insiders. About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CSCO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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