Intrua Financial LLC Has $1.89 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Intrua Financial LLC increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 37.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,234 shares of the network equipment provider’s stock after purchasing an additional 12,073 shares during the quarter. Intrua Financial LLC’s holdings in Cisco Systems were worth $1,886,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Home Federal Bank of Tennessee raised its position in Cisco Systems by 9.4% during the second quarter. Home Federal Bank of Tennessee now owns 5,278 shares of the network equipment provider’s stock worth $225,000 after acquiring an additional 455 shares in the last quarter. Nadler Financial Group Inc. raised its position in Cisco Systems by 5.7% during the second quarter. Nadler Financial Group Inc. now owns 9,004 shares of the network equipment provider’s stock worth $384,000 after acquiring an additional 487 shares in the last quarter. LVZ Inc. raised its position in Cisco Systems by 22.9% during the second quarter. LVZ Inc. now owns 7,852 shares of the network equipment provider’s stock worth $335,000 after acquiring an additional 1,464 shares in the last quarter. Aurora Private Wealth Inc. bought a new stake in Cisco Systems during the second quarter worth $170,000. Finally, Bison Wealth LLC raised its position in Cisco Systems by 7.7% during the second quarter. Bison Wealth LLC now owns 13,343 shares of the network equipment provider’s stock worth $569,000 after acquiring an additional 958 shares in the last quarter. Institutional investors and hedge funds own 71.71% of the company’s stock.

Cisco Systems Price Performance

Cisco Systems stock traded up $0.19 during trading hours on Thursday, reaching $48.57. 12,065,557 shares of the stock were exchanged, compared to its average volume of 20,935,968. The company has a market cap 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. The company has a current ratio of 1.45, a quick ratio of 1.34 and a debt-to-equity ratio of 0.19. Cisco Systems, Inc. has a twelve month low of $38.60 and a twelve month high of $64.29. The stock has a 50 day moving average of $43.15 and a two-hundred day moving average of $44.35.

Cisco Systems (NASDAQ:CSCOGet Rating) last posted its quarterly 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. Cisco Systems had a net margin of 22.00% and a return on equity of 31.68%. The company had revenue of $13.63 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same period last year, the company posted $0.73 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that Cisco Systems, Inc. will post 3.17 EPS for the current fiscal year.

Insider Activity

In other news, SVP Prat Bhatt sold 19,168 shares of the firm’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 sale, 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 at the SEC website. In related news, SVP Prat Bhatt sold 19,168 shares of the firm’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 owns 38,158 shares in the company, valued at approximately $1,689,636.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jeffery S. Sharritts sold 14,830 shares of the firm’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 approximately $13,276,497.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,262 shares of company stock worth $2,422,160. Corporate insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

CSCO has been the topic of several analyst reports. Rosenblatt Securities dropped their price target on shares of Cisco Systems from $53.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 17th. Cowen increased their price objective on shares of Cisco Systems from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, November 17th. The Goldman Sachs Group increased their price objective on shares of Cisco Systems from $45.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, August 18th. Raymond James dropped their price objective on shares of Cisco Systems from $63.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, August 18th. Finally, KGI Securities raised shares of Cisco Systems from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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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