Private Advisor Group LLC Acquires 11,778 Shares of Cisco Systems, Inc. (CSCO)

Private Advisor Group LLC raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 234,902 shares of the network equipment provider’s stock after purchasing an additional 11,778 shares during the quarter. Private Advisor Group LLC’s holdings in Cisco Systems were worth $7,763,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its position in shares of Cisco Systems by 17.7% in the 1st quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock worth $118,000 after buying an additional 635 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Cisco Systems by 15.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock worth $145,000 after purchasing an additional 560 shares in the last quarter. Baystate Wealth Management LLC boosted its stake in Cisco Systems by 24.5% in the 1st quarter. Baystate Wealth Management LLC now owns 7,537 shares of the network equipment provider’s stock worth $146,000 after purchasing an additional 1,484 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its stake in Cisco Systems by 23.1% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 4,393 shares of the network equipment provider’s stock worth $148,000 after purchasing an additional 823 shares in the last quarter. Finally, Thompson Davis & CO. Inc. boosted its stake in Cisco Systems by 14.3% in the 1st quarter. Thompson Davis & CO. Inc. now owns 4,441 shares of the network equipment provider’s stock worth $150,000 after purchasing an additional 555 shares in the last quarter. 74.70% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $31.14, for a total value of $7,785,000.00. Following the transaction, the insider now directly owns 729,305 shares of the company’s stock, valued at $22,710,557.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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Several equities analysts have issued reports on the stock. Robert W. Baird reaffirmed a “buy” rating on shares of Cisco Systems in a research report on Thursday, May 18th. Drexel Hamilton reissued a “buy” rating and issued a $40.00 target price on shares of Cisco Systems in a report on Tuesday, May 23rd. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $36.00 target price on shares of Cisco Systems in a report on Monday, June 26th. Vetr raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 target price for the company in a report on Wednesday, September 6th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a report on Thursday, August 17th. Fourteen research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Cisco Systems presently has a consensus rating of “Buy” and a consensus price target of $35.57.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) traded down 1.1595% during mid-day trading on Wednesday, hitting $32.0342. The company had a trading volume of 9,450,284 shares. The firm has a 50-day moving average price of $31.62 and a 200 day moving average price of $32.48. The firm has a market capitalization of $158.63 billion, a P/E ratio of 16.8601 and a beta of 1.19. Cisco Systems, Inc. has a 12 month low of $29.12 and a 12 month high of $34.60.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.61. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The business had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. During the same period in the prior year, the business posted $0.63 earnings per share. Cisco Systems’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Cisco Systems, Inc. will post $2.43 earnings per share for the current fiscal year.

Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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

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