GHP Investment Advisors Inc. Increases Position in Cisco Systems, Inc. (NASDAQ:CSCO)

GHP Investment Advisors Inc. lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,952 shares of the network equipment provider’s stock after acquiring an additional 4,087 shares during the period. GHP Investment Advisors Inc.’s holdings in Cisco Systems were worth $3,731,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in CSCO. Bradley Foster & Sargent Inc. CT boosted its stake in shares of Cisco Systems by 16.1% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 740,541 shares of the network equipment provider’s stock valued at $24,904,000 after purchasing an additional 102,501 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its stake in shares of Cisco Systems by 0.8% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 1,001,894 shares of the network equipment provider’s stock valued at $33,694,000 after purchasing an additional 7,879 shares in the last quarter. Swiss National Bank boosted its stake in shares of Cisco Systems by 0.8% in the 3rd quarter. Swiss National Bank now owns 18,700,493 shares of the network equipment provider’s stock valued at $628,898,000 after purchasing an additional 144,500 shares in the last quarter. Patriot Wealth Management Inc. boosted its stake in shares of Cisco Systems by 0.5% in the 3rd quarter. Patriot Wealth Management Inc. now owns 304,828 shares of the network equipment provider’s stock valued at $10,251,000 after purchasing an additional 1,525 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC boosted its stake in shares of Cisco Systems by 6.3% in the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 150,806 shares of the network equipment provider’s stock valued at $5,070,000 after purchasing an additional 8,932 shares in the last quarter. Institutional investors and hedge funds own 75.64% of the company’s stock.

In related news, Director Roderick C. Mcgeary sold 15,230 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.00, for a total value of $578,740.00. Following the sale, the director now directly owns 113,154 shares in the company, valued at approximately $4,299,852. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rebecca Jacoby sold 75,021 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total value of $2,882,306.82. Following the completion of the sale, the senior vice president now owns 257,476 shares in the company, valued at $9,892,227.92. The disclosure for this sale can be found here. Insiders have sold a total of 348,643 shares of company stock worth $12,892,271 over the last quarter. Company insiders own 0.05% of the company’s stock.

A number of research analysts recently issued reports on the stock. Vetr upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $44.13 price objective for the company in a report on Monday. Goldman Sachs Group assumed coverage on shares of Cisco Systems in a report on Wednesday. They issued a “buy” rating and a $48.00 price objective for the company. Zacks Investment Research lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, February 5th. ValuEngine upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Loop Capital started coverage on shares of Cisco Systems in a report on Monday, January 29th. They issued a “hold” rating and a $45.00 price objective for the company. Thirteen investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $39.54.

Cisco Systems, Inc. (NASDAQ:CSCO) traded up $0.76 during midday trading on Friday, hitting $39.53. The stock had a trading volume of 47,947,702 shares, compared to its average volume of 27,140,000. The company has a market cap of $195,420.00, a PE ratio of 20.48, a price-to-earnings-growth ratio of 3.55 and a beta of 1.23. Cisco Systems, Inc. has a 12 month low of $30.36 and a 12 month high of $42.98. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The company had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. equities research analysts forecast that Cisco Systems, Inc. will post 2.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Thursday, January 4th. Cisco Systems’s payout ratio is 60.10%.

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Cisco Systems 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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