Triglav Skladi D.O.O. Has $6.46 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Key Points

• Triglav Skladi D.O.O. significantly increased its holdings in Cisco Systems by 168.2%, owning 104,750 shares valued at $6.46 million as of the latest filing.
• Several hedge funds also adjusted their stakes in Cisco, with GKV Capital Management notably increasing its stake by 1,996.0% during the same quarter.
• Cisco reported $0.96 earnings per share for the last quarter, exceeding analysts' estimates, and its revenue showed an 11.4% year-over-year increase.

Triglav Skladi D.O.O. increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 168.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 104,750 shares of the network equipment provider's stock after buying an additional 65,700 shares during the quarter. Triglav Skladi D.O.O.'s holdings in Cisco Systems were worth $6,464,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Bright Financial Advisors Inc. acquired a new stake in Cisco Systems during the 1st quarter worth $227,000. S Bank Fund Management Ltd acquired a new stake in Cisco Systems during the 1st quarter worth $7,667,000. National Pension Service raised its stake in Cisco Systems by 4.3% during the 1st quarter. National Pension Service now owns 9,304,195 shares of the network equipment provider's stock worth $574,162,000 after buying an additional 387,626 shares during the period. Klingman & Associates LLC raised its stake in shares of Cisco Systems by 34.0% in the 1st quarter. Klingman & Associates LLC now owns 10,699 shares of the network equipment provider's stock valued at $660,000 after purchasing an additional 2,712 shares during the period. Finally, GKV Capital Management Co. Inc. raised its stake in shares of Cisco Systems by 1,996.0% in the 1st quarter. GKV Capital Management Co. Inc. now owns 2,096 shares of the network equipment provider's stock valued at $129,000 after purchasing an additional 1,996 shares during the period. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $71.38 on Wednesday. Cisco Systems, Inc. has a twelve month low of $44.89 and a twelve month high of $72.55. The company has a market cap of $282.66 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 3.92 and a beta of 0.91. The business's 50 day moving average price is $67.77 and its two-hundred day moving average price is $63.16. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.04. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. The company had revenue of $14.15 billion during the quarter, compared to analysts' expectations of $14.05 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The business's revenue was up 11.4% on a year-over-year basis. On average, analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Wall Street Analysts Forecast Growth

CSCO has been the topic of several recent research reports. Wolfe Research initiated coverage on Cisco Systems in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Morgan Stanley lifted their price target on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. UBS Group lifted their price target on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. CICC Research initiated coverage on Cisco Systems in a research note on Monday, July 14th. They issued an "outperform" rating and a $78.00 price target on the stock. Finally, Piper Sandler lifted their target price on Cisco Systems from $60.00 to $64.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and an average target price of $70.55.

Insider Activity at Cisco Systems

In other news, CFO Richard Scott Herren sold 15,678 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $65.52, for a total transaction of $1,027,222.56. Following the completion of the sale, the chief financial officer owned 309,543 shares in the company, valued at $20,281,257.36. The trade was a 4.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Deborah L. Stahlkopf sold 2,407 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $64.01, for a total value of $154,072.07. Following the sale, the executive vice president owned 177,027 shares of the company's stock, valued at approximately $11,331,498.27. This represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,335 shares of company stock valued at $6,271,054. Insiders own 0.01% of the company's stock.

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 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.

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