Advisory Resource Group Boosts Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Advisory Resource Group raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 511.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,469 shares of the network equipment provider’s stock after buying an additional 22,976 shares during the quarter. Cisco Systems comprises 0.7% of Advisory Resource Group’s portfolio, making the stock its 23rd biggest holding. Advisory Resource Group’s holdings in Cisco Systems were worth $1,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mirador Capital Partners LP lifted its stake in shares of Cisco Systems by 1.7% during the 2nd quarter. Mirador Capital Partners LP now owns 11,977 shares of the network equipment provider’s stock worth $656,000 after acquiring an additional 199 shares during the last quarter. Weil Company Inc. lifted its stake in shares of Cisco Systems by 0.5% during the 2nd quarter. Weil Company Inc. now owns 38,992 shares of the network equipment provider’s stock worth $2,134,000 after acquiring an additional 201 shares during the last quarter. Pinnacle Holdings LLC lifted its stake in shares of Cisco Systems by 1.0% during the 2nd quarter. Pinnacle Holdings LLC now owns 19,758 shares of the network equipment provider’s stock worth $1,081,000 after acquiring an additional 201 shares during the last quarter. Keel Point LLC lifted its stake in shares of Cisco Systems by 3.7% during the 2nd quarter. Keel Point LLC now owns 5,708 shares of the network equipment provider’s stock worth $312,000 after acquiring an additional 202 shares during the last quarter. Finally, Bartlett & Co. LLC lifted its stake in shares of Cisco Systems by 0.4% during the 2nd quarter. Bartlett & Co. LLC now owns 51,901 shares of the network equipment provider’s stock worth $2,841,000 after acquiring an additional 206 shares during the last quarter. Institutional investors and hedge funds own 72.62% of the company’s stock.

In related news, EVP Irving Tan sold 10,733 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $44.81, for a total transaction of $480,945.73. Following the transaction, the executive vice president now directly owns 172,199 shares in the company, valued at approximately $7,716,237.19. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Prat Bhatt sold 39,343 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $44.88, for a total value of $1,765,713.84. Following the transaction, the chief accounting officer now owns 137,634 shares in the company, valued at $6,177,013.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 511,314 shares of company stock worth $23,530,971. 0.03% of the stock is owned by company insiders.

Shares of CSCO traded down $0.39 during trading hours on Wednesday, hitting $43.89. The company had a trading volume of 17,201,867 shares, compared to its average volume of 20,600,627. The company has a market capitalization of $192.22 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.57 and a beta of 1.22. The company has a current ratio of 1.70, a quick ratio of 1.64 and a debt-to-equity ratio of 0.42. Cisco Systems, Inc. has a one year low of $40.25 and a one year high of $58.26. The company’s fifty day moving average price is $46.40 and its two-hundred day moving average price is $50.93.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03. The firm had revenue of $13.16 billion during the quarter, compared to analyst estimates of $13.09 billion. Cisco Systems had a return on equity of 35.01% and a net margin of 21.15%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. Analysts forecast that Cisco Systems, Inc. will post 2.94 earnings per share for the current year.

A number of equities research analysts have weighed in on the company. Credit Suisse Group set a $46.00 target price on Cisco Systems and gave the company a “neutral” rating in a research report on Thursday, November 14th. BidaskClub raised Cisco Systems from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 7th. Barclays decreased their target price on Cisco Systems from $51.00 to $47.00 and set an “equal weight” rating for the company in a research report on Thursday, November 14th. Bank of America decreased their target price on Cisco Systems from $62.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Finally, Cowen decreased their target price on Cisco Systems from $65.00 to $61.00 and set an “outperform” rating for the company in a research report on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $54.53.

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.

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

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