KLCM Advisors Inc. boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 7.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 374,057 shares of the network equipment provider’s stock after purchasing an additional 25,967 shares during the period. Cisco Systems comprises approximately 4.7% of KLCM Advisors Inc.’s holdings, making the stock its 10th largest holding. KLCM Advisors Inc.’s holdings in Cisco Systems were worth $14,704,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Permanens Capital L.P. purchased a new position in Cisco Systems during the 4th quarter valued at about $31,000. Lion Street Advisors LLC purchased a new position in Cisco Systems during the 1st quarter valued at about $31,000. Bourgeon Capital Management LLC purchased a new position in Cisco Systems during the 1st quarter valued at about $32,000. Emerald Advisers LLC purchased a new position in Cisco Systems during the 4th quarter valued at about $38,000. Finally, Avondale Wealth Management increased its holdings in Cisco Systems by 238.0% during the 1st quarter. Avondale Wealth Management now owns 1,004 shares of the network equipment provider’s stock valued at $39,000 after purchasing an additional 707 shares during the period. Institutional investors own 71.52% of the company’s stock.
Several analysts have weighed in on the company. William Blair reaffirmed a “market perform” rating on shares of Cisco Systems in a research report on Thursday, February 13th. Robert W. Baird lifted their price objective on Cisco Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. TheStreet cut Cisco Systems from a “b” rating to a “c+” rating in a research report on Thursday, March 12th. Morgan Stanley lifted their price objective on Cisco Systems from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. Finally, Credit Suisse Group lifted their price objective on Cisco Systems from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Sixteen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $50.13.
NASDAQ CSCO traded up $0.17 during mid-day trading on Tuesday, reaching $46.47. The stock had a trading volume of 6,018,165 shares, compared to its average volume of 23,476,058. Cisco Systems, Inc. has a 1 year low of $32.40 and a 1 year high of $58.26. The stock has a market cap of $201.91 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 3.10 and a beta of 1.00. The company has a fifty day moving average price of $43.24 and a 200 day moving average price of $44.11. 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 announced its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. Cisco Systems had a net margin of 21.32% and a return on equity of 36.47%. The company had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.87 billion. During the same period in the previous year, the business earned $0.78 EPS. As a group, equities research analysts expect that Cisco Systems, Inc. will post 2.86 earnings per share for the current 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.
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