Harwood Advisory Group LLC Increases Holdings in Cisco Systems, Inc. (CSCO)

Harwood Advisory Group LLC raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 32.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,839 shares of the network equipment provider’s stock after buying an additional 8,473 shares during the quarter. Cisco Systems comprises 1.1% of Harwood Advisory Group LLC’s portfolio, making the stock its 26th largest position. Harwood Advisory Group LLC’s holdings in Cisco Systems were worth $1,172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in Cisco Systems during the second quarter valued at approximately $231,000. Barnett & Company Inc. raised its position in shares of Cisco Systems by 1,511.5% during the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after purchasing an additional 3,023 shares during the period. Tortoise Investment Management LLC raised its position in shares of Cisco Systems by 36.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock worth $104,000 after purchasing an additional 878 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Cisco Systems during the 2nd quarter worth approximately $104,000. Finally, Manchester Capital Management LLC raised its position in shares of Cisco Systems by 10.7% during the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after purchasing an additional 350 shares during the period. Hedge funds and other institutional investors own 75.64% of the company’s stock.

Cisco Systems, Inc. (NASDAQ CSCO) opened at $39.53 on Friday. Cisco Systems, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $42.98. The stock has a market capitalization of $191,664.23, a P/E ratio of 17.87, a P/E/G ratio of 3.48 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. analysts anticipate that Cisco Systems, Inc. will post 2.23 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders 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 yield of 2.93%. The ex-dividend date of this dividend was Thursday, January 4th. Cisco Systems’s payout ratio is currently 60.10%.

CSCO has been the topic of a number of research reports. Zacks Investment Research cut Cisco Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Oppenheimer reiterated a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a research report on Friday, October 20th. BMO Capital Markets reiterated a “hold” rating and set a $32.00 price target on shares of Cisco Systems in a research report on Monday, October 23rd. Berenberg Bank reiterated a “hold” rating and set a $33.00 price target on shares of Cisco Systems in a research report on Tuesday, October 24th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a research report on Tuesday, October 24th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Cisco Systems presently has a consensus rating of “Buy” and a consensus target price of $39.54.

In other Cisco Systems news, SVP Rebecca Jacoby sold 75,021 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total transaction of $2,882,306.82. Following the completion of the transaction, the senior vice president now directly owns 257,476 shares of the company’s stock, valued at approximately $9,892,227.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Karen Walker sold 5,786 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $211,131.14. Following the transaction, the senior vice president now directly owns 176,418 shares of the company’s stock, valued at $6,437,492.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 348,643 shares of company stock valued at $12,892,271. 0.05% of the stock is currently owned by corporate insiders.

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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).

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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