Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Eagle Bluffs Wealth Management LLC

Eagle Bluffs Wealth Management LLC boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 37.6% during the second quarter, Holdings Channel reports. The firm owned 27,400 shares of the network equipment provider’s stock after buying an additional 7,481 shares during the quarter. Cisco Systems comprises approximately 1.3% of Eagle Bluffs Wealth Management LLC’s holdings, making the stock its 28th biggest position. Eagle Bluffs Wealth Management LLC’s holdings in Cisco Systems were worth $1,168,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Syverson Strege & Co increased its holdings in Cisco Systems by 68.9% during the 2nd quarter. Syverson Strege & Co now owns 591 shares of the network equipment provider’s stock valued at $25,000 after acquiring an additional 241 shares in the last quarter. Cordant Inc. acquired a new position in Cisco Systems in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC lifted its holdings in Cisco Systems by 328.1% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 655 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 502 shares in the last quarter. Johnson Midwest Financial LLC grew its holdings in shares of Cisco Systems by 189.7% during the second quarter. Johnson Midwest Financial LLC now owns 678 shares of the network equipment provider’s stock worth $29,000 after buying an additional 444 shares in the last quarter. Finally, Advanced Research Investment Solutions LLC raised its position in shares of Cisco Systems by 564.6% in the first quarter. Advanced Research Investment Solutions LLC now owns 545 shares of the network equipment provider’s stock valued at $30,000 after buying an additional 463 shares during the last quarter. Institutional investors and hedge funds own 71.71% of the company’s stock.

Cisco Systems Stock Up 0.4 %

Cisco Systems stock traded up $0.19 during midday trading on Thursday, hitting $48.57. 12,065,557 shares of the company were exchanged, compared to its average volume of 20,935,968. The company has a market cap of $199.57 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 2.35 and a beta of 1.00. Cisco Systems, Inc. has a fifty-two week low of $38.60 and a fifty-two week high of $64.29. The company’s fifty day moving average price is $43.15 and its 200-day moving average price is $44.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.34.

Cisco Systems (NASDAQ:CSCOGet Rating) last posted its earnings results on Wednesday, November 16th. The network equipment provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $13.63 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Cisco Systems had a net margin of 22.00% and a return on equity of 31.68%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 earnings per share. On average, research analysts predict that Cisco Systems, Inc. will post 3.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on CSCO shares. Barclays cut shares of Cisco Systems from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $56.00 to $46.00 in a research note on Wednesday, September 21st. Oppenheimer restated an “outperform” rating and issued a $50.00 price target on shares of Cisco Systems in a report on Friday, November 18th. The Goldman Sachs Group increased their price objective on shares of Cisco Systems from $45.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, August 18th. KGI Securities upgraded shares of Cisco Systems from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 31st. Finally, Bank of America reaffirmed a “buy” rating and set a $52.00 price target on shares of Cisco Systems in a research note on Wednesday, November 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cisco Systems has a consensus rating of “Moderate Buy” and a consensus target price of $53.63.

Insider Buying and Selling at Cisco Systems

In other news, SVP Prat Bhatt sold 19,168 shares of Cisco Systems stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $848,759.04. Following the sale, the senior vice president now directly owns 38,158 shares of the company’s stock, valued at $1,689,636.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Prat Bhatt sold 19,168 shares of the stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $848,759.04. Following the transaction, the senior vice president now owns 38,158 shares of the company’s stock, valued at $1,689,636.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffery S. Sharritts sold 637 shares of Cisco Systems stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $44.69, for a total value of $28,467.53. Following the completion of the transaction, the executive vice president now owns 166,370 shares of the company’s stock, valued at $7,435,075.30. The disclosure for this sale can be found here. Insiders sold a total of 52,262 shares of company stock valued at $2,422,160 in the last ninety days. Insiders own 0.02% of the company’s stock.

About Cisco Systems

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Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

See Also

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

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