CSat Investment Advisory L.P. Purchases 5,581 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

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CSat Investment Advisory L.P. increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 21.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,515 shares of the network equipment provider’s stock after acquiring an additional 5,581 shares during the quarter. Cisco Systems comprises about 0.6% of CSat Investment Advisory L.P.’s investment portfolio, making the stock its 26th biggest position. CSat Investment Advisory L.P.’s holdings in Cisco Systems were worth $1,725,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CSCO. Fisher Asset Management LLC increased its holdings in shares of Cisco Systems by 4.4% during the 2nd quarter. Fisher Asset Management LLC now owns 29,677,761 shares of the network equipment provider’s stock worth $1,624,264,000 after purchasing an additional 1,253,256 shares during the period. AQR Capital Management LLC increased its holdings in shares of Cisco Systems by 10.5% during the 2nd quarter. AQR Capital Management LLC now owns 16,527,442 shares of the network equipment provider’s stock worth $904,547,000 after purchasing an additional 1,573,540 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Cisco Systems by 4.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,269,461 shares of the network equipment provider’s stock worth $618,297,000 after purchasing an additional 616,591 shares during the period. APG Asset Management N.V. increased its holdings in shares of Cisco Systems by 16.0% during the 2nd quarter. APG Asset Management N.V. now owns 12,843,536 shares of the network equipment provider’s stock worth $617,252,000 after purchasing an additional 1,774,500 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Cisco Systems by 5.3% during the 2nd quarter. Prudential Financial Inc. now owns 11,684,982 shares of the network equipment provider’s stock worth $639,518,000 after purchasing an additional 588,066 shares during the period. Hedge funds and other institutional investors own 73.31% of the company’s stock.

Several research analysts have recently issued reports on CSCO shares. Bank of America restated a “buy” rating and set a $62.00 price objective on shares of Cisco Systems in a report on Wednesday, July 10th. Evercore ISI initiated coverage on shares of Cisco Systems in a research report on Wednesday, September 11th. They set an “outperform” rating and a $60.00 target price on the stock. Tigress Financial reiterated a “buy” rating on shares of Cisco Systems in a research report on Thursday, June 27th. Barclays initiated coverage on shares of Cisco Systems in a research report on Wednesday, August 7th. They set an “equal weight” rating and a $52.00 target price on the stock. Finally, Citigroup decreased their target price on shares of Cisco Systems from $65.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the company. Cisco Systems currently has an average rating of “Buy” and a consensus price target of $56.60.

NASDAQ:CSCO traded up $0.41 on Friday, reaching $49.60. The stock had a trading volume of 22,208,503 shares, compared to its average volume of 16,277,253. The company has a market capitalization of $209.46 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 2.37 and a beta of 1.26. Cisco Systems, Inc. has a 1-year low of $40.25 and a 1-year high of $58.26. The company has a quick ratio of 1.46, a current ratio of 1.51 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average price of $49.32 and a 200-day moving average price of $53.64.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. The firm had revenue of $13.43 billion for the quarter, compared to analyst estimates of $13.39 billion. Cisco Systems had a net margin of 22.39% and a return on equity of 32.43%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. Sell-side analysts predict that Cisco Systems, Inc. will post 3.06 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Friday, October 4th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.82%. Cisco Systems’s dividend payout ratio is currently 49.12%.

In other Cisco Systems news, EVP Mark D. Chandler sold 10,733 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $50.05, for a total value of $537,186.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles Robbins sold 18,955 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $50.04, for a total transaction of $948,508.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,130 shares of company stock valued at $9,359,179. Corporate insiders own 0.03% of the company’s stock.

About Cisco Systems

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.

See Also: Earnings Per Share (EPS) Explained

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

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