Ausdal Financial Partners Inc. held its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 40,709 shares of the network equipment provider’s stock at the end of the first quarter. Ausdal Financial Partners Inc.’s holdings in Cisco Systems were worth $1,230,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Philadelphia Trust Co. raised its stake in Cisco Systems by 23.7% in the fourth quarter. Philadelphia Trust Co. now owns 17,666 shares of the network equipment provider’s stock valued at $534,000 after buying an additional 3,380 shares in the last quarter. Macquarie Group Ltd. raised its stake in Cisco Systems by 5.7% in the fourth quarter. Macquarie Group Ltd. now owns 25,418,669 shares of the network equipment provider’s stock valued at $768,153,000 after buying an additional 1,365,708 shares in the last quarter. Bath Savings Trust Co raised its stake in Cisco Systems by 4.3% in the first quarter. Bath Savings Trust Co now owns 20,619 shares of the network equipment provider’s stock valued at $697,000 after buying an additional 850 shares in the last quarter. First Financial Bank N.A. Trust Division raised its stake in Cisco Systems by 4.6% in the first quarter. First Financial Bank N.A. Trust Division now owns 227,272 shares of the network equipment provider’s stock valued at $7,682,000 after buying an additional 9,977 shares in the last quarter. Finally, Liberty Capital Management Inc. raised its stake in Cisco Systems by 17.6% in the first quarter. Liberty Capital Management Inc. now owns 14,852 shares of the network equipment provider’s stock valued at $502,000 after buying an additional 2,225 shares in the last quarter. Hedge funds and other institutional investors own 75.28% of the company’s stock.

Cisco Systems, Inc. (NASDAQ:CSCO) traded up 0.64% during trading on Friday, hitting $31.44. The stock had a trading volume of 19,558,253 shares. Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.60. The company has a market cap of $156.98 billion, a price-to-earnings ratio of 16.55 and a beta of 1.24. The firm’s 50-day moving average price is $31.47 and its 200-day moving average price is $32.56.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, meeting the consensus estimate of $0.61. The business had revenue of $12.13 billion for the quarter, compared to analyst estimates of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 earnings per share. Analysts predict that Cisco Systems, Inc. will post $2.43 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this article on another website, it was illegally copied and republished in violation of U.S. and international copyright and trademark law. The original version of this article can be accessed at https://theolympiareport.com/2017/08/27/ausdal-financial-partners-inc-continues-to-hold-position-in-cisco-systems-inc-csco.html.

Several equities research analysts recently weighed in on the company. Robert W. Baird restated a “buy” rating on shares of Cisco Systems in a research report on Thursday, May 18th. Drexel Hamilton restated a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a research report on Tuesday, May 23rd. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $36.00 price target on shares of Cisco Systems in a research report on Monday, June 26th. Piper Jaffray Companies restated a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a research report on Thursday, August 17th. Finally, Berenberg Bank set a $33.00 price target on Cisco Systems and gave the company a “hold” rating in a research report on Thursday, August 17th. Fourteen analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $35.47.

In other news, SVP Karen Walker sold 7,802 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $31.29, for a total value of $244,124.58. Following the sale, the senior vice president now directly owns 178,577 shares in the company, valued at $5,587,674.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rebecca Jacoby sold 92,840 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $31.71, for a total transaction of $2,943,956.40. Following the completion of the sale, the senior vice president now owns 271,725 shares in the company, valued at $8,616,399.75. The disclosure for this sale can be found here. Insiders sold 350,642 shares of company stock worth $10,973,081 over the last quarter. Company insiders own 0.11% of the company’s stock.

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).

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO).

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

Receive News & Ratings for Cisco Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.