WESPAC Advisors LLC grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 61.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,835 shares of the network equipment provider’s stock after purchasing an additional 26,620 shares during the period. Cisco Systems comprises about 1.5% of WESPAC Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. WESPAC Advisors LLC’s holdings in Cisco Systems were worth $2,186,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Southeast Asset Advisors Inc. grew its holdings in shares of Cisco Systems by 0.5% in the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock worth $312,000 after acquiring an additional 44 shares during the period. Leisure Capital Management grew its holdings in shares of Cisco Systems by 0.6% in the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock worth $233,000 after acquiring an additional 48 shares during the period. Ronald Blue & Co. LLC grew its holdings in shares of Cisco Systems by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock worth $561,000 after acquiring an additional 57 shares during the period. Banced Corp grew its holdings in shares of Cisco Systems by 0.4% in the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock worth $442,000 after acquiring an additional 59 shares during the period. Finally, Delta Asset Management LLC TN grew its holdings in shares of Cisco Systems by 0.4% in the second quarter. Delta Asset Management LLC TN now owns 17,489 shares of the network equipment provider’s stock worth $547,000 after acquiring an additional 72 shares during the period. 75.79% of the stock is owned by institutional investors and hedge funds.

Cisco Systems, Inc. (NASDAQ:CSCO) opened at $37.41 on Thursday. Cisco Systems, Inc. has a 52-week low of $29.32 and a 52-week high of $38.03. The company has a market capitalization of $184,446.55, a PE ratio of 17.19, a PEG ratio of 3.37 and a beta of 1.19. 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 announced its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The business had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. sell-side analysts predict that Cisco Systems, Inc. will post 2.21 EPS for the current fiscal year.

Several research firms have issued reports on CSCO. Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price target for the company in a report on Wednesday, September 6th. ValuEngine lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Oppenheimer reissued a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a report on Tuesday, October 31st. Cowen reissued a “buy” rating on shares of Cisco Systems in a report on Friday, November 17th. Finally, Deutsche Bank reissued a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $36.90.

In related news, CEO Charles Robbins sold 121,390 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $3,891,763.40. Following the sale, the chief executive officer now directly owns 552,694 shares in the company, valued at $17,719,369.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Prat Bhatt sold 25,638 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $821,954.28. Following the completion of the sale, the chief accounting officer now owns 119,996 shares in the company, valued at $3,847,071.76. The disclosure for this sale can be found here. Insiders sold 493,530 shares of company stock worth $16,993,798 over the last 90 days. Company insiders own 0.05% of the company’s stock.

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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).

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

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