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

Integrated Advisors Network LLC raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 76.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,871 shares of the network equipment provider’s stock after buying an additional 63,324 shares during the period. 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.

Other hedge funds also recently modified their holdings of the company. Cordant Inc. acquired a new stake in shares of Cisco Systems during the first quarter worth approximately $28,000. Advanced Research Investment Solutions LLC grew its stake in shares of Cisco Systems by 564.6% during the first quarter. Advanced Research Investment Solutions LLC now owns 545 shares of the network equipment provider’s stock valued at $30,000 after purchasing an additional 463 shares during the last quarter. Syverson Strege & Co grew its stake in shares of Cisco Systems by 68.9% during the second quarter. Syverson Strege & Co now owns 591 shares of the network equipment provider’s stock valued at $25,000 after purchasing an additional 241 shares during the last quarter. Iron Horse Wealth Management LLC grew its stake in shares of Cisco Systems by 328.1% during the second 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 during the last quarter. Finally, Johnson Midwest Financial LLC grew its stake 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 valued at $29,000 after purchasing an additional 444 shares during the last quarter. Institutional investors and hedge funds own 71.71% of the company’s stock.

Cisco Systems Trading Up 0.4 %

Shares of NASDAQ CSCO traded up $0.19 during midday trading on Thursday, reaching $48.57. 12,065,557 shares of the stock were exchanged, compared to its average volume of 20,935,968. The business has a 50-day simple moving average of $43.15 and a two-hundred day simple 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 12 month low of $38.60 and a 12 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 issued its quarterly earnings data 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. Cisco Systems had a net margin of 22.00% and a return on equity of 31.68%. The business had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same period last year, the business posted $0.73 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts expect that Cisco Systems, Inc. will post 3.17 EPS for the current year.

Insider Buying and Selling

In related news, EVP Jeffery S. Sharritts sold 637 shares of the firm’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $44.69, for a total transaction of $28,467.53. Following the sale, the executive vice president now directly owns 166,370 shares in the company, valued at $7,435,075.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Jeffery S. Sharritts sold 637 shares of the firm’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $44.69, for a total transaction of $28,467.53. Following the sale, the executive vice president now directly owns 166,370 shares in the company, valued at $7,435,075.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Prat Bhatt sold 9,752 shares of Cisco Systems stock in a transaction on Monday, November 21st. The shares were sold at an average price of $47.80, for a total transaction of $466,145.60. Following the completion of the sale, the senior vice president now owns 56,159 shares in the company, valued at $2,684,400.20. The disclosure for this sale can be found here. Insiders have sold a total of 52,262 shares of company stock worth $2,422,160 over the last ninety days. Company insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America reissued a “buy” rating and set a $52.00 price target on shares of Cisco Systems in a research note on Wednesday, November 16th. Piper Sandler increased their price target on shares of Cisco Systems from $43.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, August 18th. Oppenheimer reissued an “outperform” rating and set a $50.00 price target on shares of Cisco Systems in a research note on Friday, November 18th. Rosenblatt Securities reduced their price objective on shares of Cisco Systems from $53.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Cisco Systems from $54.00 to $52.00 and set a “hold” rating on the stock in a research note on Friday, November 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and an average target price of $53.63.

Cisco Systems Company 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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