Integrated Advisors Network LLC Has $6.22 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Integrated Advisors Network LLC lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 76.7% during the 2nd quarter, Holdings Channel reports. The firm owned 145,871 shares of the network equipment provider’s stock after purchasing an additional 63,324 shares during the quarter. Integrated Advisors Network LLC’s holdings in Cisco Systems were worth $6,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Syverson Strege & Co boosted its holdings in shares of Cisco Systems by 68.9% during the 2nd quarter. Syverson Strege & Co now owns 591 shares of the network equipment provider’s stock worth $25,000 after buying an additional 241 shares during the period. Cordant Inc. bought a new stake in shares of Cisco Systems during the 1st quarter worth about $28,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Cisco Systems by 328.1% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 655 shares of the network equipment provider’s stock worth $28,000 after buying an additional 502 shares during the period. Johnson Midwest Financial LLC boosted its holdings in shares of Cisco Systems by 189.7% during the 2nd 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 during the period. Finally, Advanced Research Investment Solutions LLC boosted its holdings in shares of Cisco Systems by 564.6% during the 1st quarter. Advanced Research Investment Solutions LLC now owns 545 shares of the network equipment provider’s stock worth $30,000 after buying an additional 463 shares during the period. 71.71% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Price Performance

CSCO stock traded up $0.19 during trading on Thursday, reaching $48.57. 12,065,557 shares of the company were exchanged, compared to its average volume of 20,935,968. The company has a 50-day moving average of $43.15 and a two-hundred day moving average of $44.35. The company has a market capitalization of $199.57 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 2.35 and a beta of 1.00. Cisco Systems, Inc. has a twelve month low of $38.60 and a twelve month high of $64.29. 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 released its quarterly earnings data on Wednesday, November 16th. The network equipment provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $13.63 billion during 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 firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 EPS. As a group, equities analysts predict that Cisco Systems, Inc. will post 3.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Prat Bhatt sold 19,168 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $848,759.04. Following the completion of the transaction, the senior vice president now directly owns 38,158 shares in the company, valued at approximately $1,689,636.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Cisco Systems news, SVP Prat Bhatt sold 19,168 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $44.28, for a total value of $848,759.04. Following the completion of the transaction, the senior vice president now directly owns 38,158 shares in the company, valued at approximately $1,689,636.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jeffery S. Sharritts sold 14,830 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $47.80, for a total transaction of $708,874.00. Following the completion of the transaction, the executive vice president now owns 277,751 shares of the company’s stock, valued at $13,276,497.80. The disclosure for this sale can be found here. Insiders sold a total of 52,262 shares of company stock worth $2,422,160 in the last three months. 0.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CSCO has been the subject of several research analyst reports. Evercore ISI lifted their target price on shares of Cisco Systems from $50.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, August 18th. Morgan Stanley boosted their price objective on shares of Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, August 18th. StockNews.com raised shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, November 18th. Raymond James cut their price objective on shares of Cisco Systems from $63.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, August 18th. Finally, The Goldman Sachs Group boosted their price objective on shares of Cisco Systems from $45.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, August 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.63.

Cisco Systems Profile

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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.

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

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