Atlas Private Wealth Management grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,769 shares of the network equipment provider’s stock after acquiring an additional 911 shares during the quarter. Atlas Private Wealth Management’s holdings in Cisco Systems were worth $581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CSCO. Permanens Capital L.P. acquired a new position in shares of Cisco Systems during the fourth quarter valued at about $31,000. Lion Street Advisors LLC acquired a new position in Cisco Systems in the 1st quarter worth approximately $31,000. Bourgeon Capital Management LLC acquired a new position in Cisco Systems in the 1st quarter worth approximately $32,000. Emerald Advisers LLC acquired a new position in Cisco Systems in the 4th quarter worth approximately $38,000. Finally, Sageworth Trust Co increased its holdings in Cisco Systems by 59.5% in the 4th quarter. Sageworth Trust Co now owns 804 shares of the network equipment provider’s stock worth $39,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 71.35% of the company’s stock.

CSCO stock traded up $0.26 during midday trading on Friday, reaching $45.85. The stock had a trading volume of 7,983,931 shares, compared to its average volume of 22,734,946. The company’s fifty day simple moving average is $42.76 and its 200 day simple moving average is $44.14. The company has a current ratio of 1.59, a quick ratio of 1.55 and a debt-to-equity ratio of 0.32. The company has a market cap of $194.06 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.98 and a beta of 0.97. Cisco Systems, Inc. has a 52-week low of $32.40 and a 52-week high of $58.26.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. The company had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.87 billion. Cisco Systems had a return on equity of 36.47% and a net margin of 21.32%. During the same quarter last year, the firm posted $0.78 EPS. Sell-side analysts predict that Cisco Systems, Inc. will post 2.86 EPS for the current year.

Several equities analysts recently weighed in on CSCO shares. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a report on Thursday, May 14th. Nomura Securities cut their price target on shares of Cisco Systems from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. Nomura Instinet increased their price target on shares of Cisco Systems from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Morgan Stanley increased their price target on shares of Cisco Systems from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. Finally, Standpoint Research upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Sixteen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Cisco Systems presently has a consensus rating of “Hold” and an average target price of $50.13.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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