Strategic Wealth Advisors Group LLC Acquires Shares of 133,295 Cisco Systems, Inc. (CSCO)

Strategic Wealth Advisors Group LLC purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 133,295 shares of the network equipment provider’s stock, valued at approximately $4,172,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Richard Bernstein Advisors LLC lifted its stake in Cisco Systems by 21.2% in the second quarter. Richard Bernstein Advisors LLC now owns 269,441 shares of the network equipment provider’s stock valued at $8,434,000 after buying an additional 47,211 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Cisco Systems by 10.4% in the second quarter. Stratos Wealth Partners LTD. now owns 152,990 shares of the network equipment provider’s stock valued at $4,789,000 after purchasing an additional 14,395 shares during the last quarter. Eads & Heald Investment Counsel raised its holdings in shares of Cisco Systems by 15.7% in the second quarter. Eads & Heald Investment Counsel now owns 42,453 shares of the network equipment provider’s stock valued at $1,329,000 after purchasing an additional 5,765 shares during the last quarter. Washington Trust Bank raised its holdings in shares of Cisco Systems by 2.5% in the second quarter. Washington Trust Bank now owns 113,153 shares of the network equipment provider’s stock valued at $3,542,000 after purchasing an additional 2,726 shares during the last quarter. Finally, Holderness Investments Co. raised its holdings in shares of Cisco Systems by 12.1% in the first quarter. Holderness Investments Co. now owns 66,740 shares of the network equipment provider’s stock valued at $2,256,000 after purchasing an additional 7,186 shares during the last quarter. 75.78% of the stock is currently owned by hedge funds and other institutional investors.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total value of $9,125,000.00. Following the transaction, the insider now directly owns 712,736 shares in the company, valued at $26,014,864. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mark D. Chandler sold 65,000 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $32.43, for a total transaction of $2,107,950.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 323,392 shares of company stock worth $11,539,174. Corporate insiders own 0.05% of the company’s stock.

A number of analysts have recently issued reports on the stock. JMP Securities reiterated a “market perform” rating on shares of Cisco Systems in a report on Friday, August 18th. Stifel Nicolaus set a $34.00 price objective on shares of Cisco Systems and gave the company a “hold” rating in a report on Tuesday, August 15th. Bank of America reiterated a “neutral” rating and issued a $35.00 price objective on shares of Cisco Systems in a report on Friday, August 18th. BidaskClub upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Vetr downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price objective on the stock. in a report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have issued a buy rating to the company. Cisco Systems presently has a consensus rating of “Buy” and an average price target of $36.90.

Cisco Systems, Inc. (CSCO) opened at $37.91 on Wednesday. The firm has a market cap of $185,929.63, a price-to-earnings ratio of 17.33, a P/E/G ratio of 3.40 and a beta of 1.19. Cisco Systems, Inc. has a fifty-two week low of $29.80 and a fifty-two week high of $38.10. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The business had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. analysts anticipate that Cisco Systems, Inc. will post 2.21 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.16 annualized dividend and a dividend yield of 3.06%. Cisco Systems’s dividend payout ratio is currently 60.10%.

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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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