Cisco Systems, Inc. (NASDAQ:CSCO) Position Trimmed by TCG Advisory Services LLC

TCG Advisory Services LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 26.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,308 shares of the network equipment provider’s stock after selling 1,921 shares during the quarter. TCG Advisory Services LLC’s holdings in Cisco Systems were worth $226,000 as of its most recent filing with the SEC.

Other hedge funds and 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 second 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 during the period. Cordant Inc. acquired a new stake in Cisco Systems in the first quarter worth about $28,000. Iron Horse Wealth Management LLC lifted its holdings in Cisco Systems by 328.1% in the second quarter. Iron Horse Wealth Management LLC now owns 655 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 502 shares during the period. Johnson Midwest Financial LLC lifted its holdings in Cisco Systems by 189.7% in the second quarter. Johnson Midwest Financial LLC now owns 678 shares of the network equipment provider’s stock worth $29,000 after purchasing an additional 444 shares during the period. Finally, Advanced Research Investment Solutions LLC lifted its holdings in 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 worth $30,000 after purchasing an additional 463 shares during the period. Institutional investors and hedge funds own 71.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Piper Sandler upped their price objective on shares of Cisco Systems from $43.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, August 18th. Raymond James reduced 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. KGI Securities raised shares of Cisco Systems from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 31st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Cisco Systems from $54.00 to $52.00 and set a “hold” rating for the company in a report on Friday, November 18th. Finally, Jefferies Financial Group boosted their price target on shares of Cisco Systems from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus price target of $53.63.

Insider Activity

In other news, SVP Prat Bhatt sold 19,168 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $44.28, for a total value of $848,759.04. Following the transaction, the senior vice president now owns 38,158 shares in the company, valued at approximately $1,689,636.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Prat Bhatt sold 19,168 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $44.28, for a total value of $848,759.04. Following the transaction, the senior vice president now owns 38,158 shares in the company, valued at approximately $1,689,636.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffery S. Sharritts sold 14,830 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $47.80, for a total value of $708,874.00. Following the completion of the transaction, the executive vice president now owns 277,751 shares in the company, valued at approximately $13,276,497.80. The disclosure for this sale can be found here. Insiders have sold 52,262 shares of company stock worth $2,422,160 in the last 90 days. Company insiders own 0.02% of the company’s stock.

Cisco Systems Trading Up 0.4 %

NASDAQ CSCO traded up $0.19 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’s 50 day moving average price is $43.06 and its 200-day moving average price is $44.32. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.34. The firm has a market capitalization of $199.57 billion, a P/E ratio of 17.53, a price-to-earnings-growth 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.

Cisco Systems (NASDAQ:CSCOGet Rating) last issued its earnings results on Wednesday, November 16th. The network equipment provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $13.63 billion for the quarter, compared to the consensus estimate of $13.29 billion. Cisco Systems had a return on equity of 31.68% and a net margin of 22.00%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. Analysts predict that Cisco Systems, Inc. will post 3.17 earnings per share for the current fiscal year.

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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