Capital Advisors Inc. OK Buys 7,736 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Capital Advisors Inc. OK grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 736,011 shares of the network equipment provider’s stock after acquiring an additional 7,736 shares during the quarter. Capital Advisors Inc. OK’s holdings in Cisco Systems were worth $43,572,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Morse Asset Management Inc bought a new stake in shares of Cisco Systems in the 3rd quarter valued at about $798,000. HighVista Strategies LLC bought a new stake in shares of Cisco Systems in the 3rd quarter valued at about $1,698,000. GAMMA Investing LLC increased its stake in Cisco Systems by 13.1% during the 4th quarter. GAMMA Investing LLC now owns 93,357 shares of the network equipment provider’s stock worth $5,527,000 after purchasing an additional 10,813 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in Cisco Systems during the 3rd quarter worth approximately $502,000. Finally, Commerzbank Aktiengesellschaft FI increased its stake in Cisco Systems by 10.9% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,658,417 shares of the network equipment provider’s stock worth $88,261,000 after purchasing an additional 162,544 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 58,188 shares of Cisco Systems stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $3,345,228.12. Following the completion of the sale, the executive vice president now owns 219,100 shares of the company’s stock, valued at approximately $12,596,059. This trade represents a 20.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the sale, the chief executive officer now directly owns 783,786 shares of the company’s stock, valued at $45,059,857.14. This represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 353,522 shares of company stock valued at $20,349,721 in the last quarter. 0.01% of the stock is currently owned by insiders.

Cisco Systems Trading Down 0.6 %

NASDAQ CSCO opened at $62.43 on Wednesday. The stock has a 50 day moving average of $59.78 and a 200-day moving average of $55.21. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $63.25. The company has a market cap of $248.64 billion, a PE ratio of 26.79, a PEG ratio of 4.63 and a beta of 0.84. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The business had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. During the same quarter last year, the firm posted $0.98 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on CSCO. JPMorgan Chase & Co. raised Cisco Systems from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $55.00 to $66.00 in a research note on Monday, November 11th. Wells Fargo & Company increased their target price on Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. UBS Group increased their target price on Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Citigroup raised their price target on shares of Cisco Systems from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, Melius Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average target price of $62.72.

Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.