Adams Chetwood Wealth Management LLC boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 68.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 19,585 shares of the network equipment provider’s stock after acquiring an additional 7,947 shares during the quarter. Cisco Systems comprises about 1.0% of Adams Chetwood Wealth Management LLC’s portfolio, making the stock its 21st largest position. Adams Chetwood Wealth Management LLC’s holdings in Cisco Systems were worth $842,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BOKF NA increased its holdings in Cisco Systems by 11.4% in the 1st quarter. BOKF NA now owns 769,814 shares of the network equipment provider’s stock worth $30,261,000 after buying an additional 79,065 shares during the period. Maltin Wealth Management Inc. lifted its stake in Cisco Systems by 13.4% during the 1st quarter. Maltin Wealth Management Inc. now owns 5,174 shares of the network equipment provider’s stock valued at $203,000 after acquiring an additional 611 shares during the period. Pictet Asset Management Ltd. boosted its holdings in shares of Cisco Systems by 3.4% in the 1st quarter. Pictet Asset Management Ltd. now owns 5,542,544 shares of the network equipment provider’s stock valued at $217,878,000 after acquiring an additional 183,586 shares during the last quarter. DRW Securities LLC acquired a new stake in shares of Cisco Systems in the first quarter worth $829,000. Finally, JustInvest LLC purchased a new position in shares of Cisco Systems during the first quarter worth $1,528,000. Institutional investors and hedge funds own 71.52% of the company’s stock.

Several equities research analysts have weighed in on CSCO shares. UBS Group cut their price target on Cisco Systems from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Barclays lifted their price target on Cisco Systems from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research report on Thursday, May 14th. Citigroup raised their price objective on shares of Cisco Systems from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Morgan Stanley boosted their target price on shares of Cisco Systems from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, May 14th. Sixteen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $50.13.

CSCO stock traded up $0.14 during midday trading on Wednesday, reaching $47.03. The stock had a trading volume of 10,639,816 shares, compared to its average volume of 23,612,702. Cisco Systems, Inc. has a 52-week low of $32.40 and a 52-week high of $58.26. 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’s fifty day simple moving average is $43.34 and its 200 day simple moving average is $44.10. The company has a market cap of $197.98 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 3.00 and a beta of 1.00.

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

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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