Capital Advisors Inc. OK grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 156.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 276,342 shares of the network equipment provider’s stock after purchasing an additional 168,466 shares during the period. Capital Advisors Inc. OK’s holdings in Cisco Systems were worth $15,124,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Thoroughbred Financial Services LLC lifted its holdings in shares of Cisco Systems by 5,677.4% during the second quarter. Thoroughbred Financial Services LLC now owns 3,616,279 shares of the network equipment provider’s stock worth $361,628,000 after buying an additional 3,553,686 shares in the last quarter. APG Asset Management N.V. raised its stake in Cisco Systems by 28.5% during the fourth quarter. APG Asset Management N.V. now owns 11,136,836 shares of the network equipment provider’s stock worth $422,131,000 after acquiring an additional 2,472,300 shares in the last quarter. Railway Pension Investments Ltd acquired a new position in Cisco Systems during the second quarter worth about $10,371,000. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Cisco Systems by 241.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 2,576,627 shares of the network equipment provider’s stock worth $97,665,000 after purchasing an additional 1,822,091 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Cisco Systems by 224.6% during the second quarter. SG Americas Securities LLC now owns 1,873,221 shares of the network equipment provider’s stock worth $102,521,000 after purchasing an additional 1,296,138 shares during the last quarter. Institutional investors own 72.89% of the company’s stock.
CSCO has been the topic of several research reports. KeyCorp reduced their price target on Cisco Systems from $60.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Nomura upped their target price on Cisco Systems from $50.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. BidaskClub cut Cisco Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, August 31st. Piper Jaffray Companies upped their target price on Cisco Systems from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, May 16th. Finally, JPMorgan Chase & Co. set a $62.00 target price on Cisco Systems and gave the company a “buy” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $56.72.
CSCO traded up $0.16 during trading on Friday, reaching $50.10. 1,504,950 shares of the company were exchanged, compared to its average volume of 20,611,740. The company’s 50-day moving average is $50.44 and its two-hundred day moving average is $53.70. The company has a quick ratio of 1.46, a current ratio of 1.51 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 12-month low of $40.25 and a 12-month high of $58.26. The company has a market cap of $212.43 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 2.29 and a beta of 1.26.
Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Cisco Systems had a return on equity of 32.43% and a net margin of 22.39%. The company had revenue of $13.43 billion for the quarter, compared to the consensus estimate of $13.39 billion. During the same period last year, the business posted $0.70 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts forecast that Cisco Systems, Inc. will post 3.06 earnings per share for the current year.
In related news, CFO Kelly A. Kramer sold 70,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $46.72, for a total transaction of $3,270,400.00. Following the completion of the transaction, the chief financial officer now owns 277,548 shares in the company, valued at approximately $12,967,042.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Chandler sold 546 shares of Cisco Systems stock in a transaction on Monday, August 19th. The shares were sold at an average price of $47.92, for a total value of $26,164.32. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.
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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