Today, Regentatlantic Capital LLC Reached $9,917,000 position of Cisco Systems Inc. (CSCO)

Today, Regentatlantic Capital LLC Reached $9,917,000 position  of Cisco Systems Inc. (CSCO)

Regentatlantic Capital LLC increased its position in shares of Cisco Systems Inc. (NASDAQ:CSCO) by 3.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312,644 shares of the network equipment provider’s stock after buying an additional 9,437 shares during the period. Cisco Systems comprises 1.0% of Regentatlantic Capital LLC’s holdings, making the stock its 24th largest position. Regentatlantic Capital LLC’s holdings in Cisco Systems were worth $9,917,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CSCO. Sun Life Financial INC acquired a new stake in shares of Cisco Systems during the first quarter valued at approximately $63,773,000. Orrstown Financial Services Inc. raised its stake in shares of Cisco Systems by 89.3% in the third quarter. Orrstown Financial Services Inc. now owns 3,243 shares of the network equipment provider’s stock valued at $103,000 after buying an additional 1,530 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its stake in shares of Cisco Systems by 6.7% in the second quarter. Riggs Asset Managment Co. Inc. now owns 3,570 shares of the network equipment provider’s stock valued at $102,000 after buying an additional 225 shares during the last quarter. Lenox Wealth Management Inc. raised its stake in shares of Cisco Systems by 35.0% in the second quarter. Lenox Wealth Management Inc. now owns 3,835 shares of the network equipment provider’s stock valued at $110,000 after buying an additional 995 shares during the last quarter. Finally, West Oak Capital LLC raised its stake in shares of Cisco Systems by 19.1% in the third quarter. West Oak Capital LLC now owns 4,052 shares of the network equipment provider’s stock valued at $129,000 after buying an additional 651 shares during the last quarter. Hedge funds and other institutional investors own 75.09% of the company’s stock.

Shares of Cisco Systems Inc. (NASDAQ:CSCO) traded up 1.28% during mid-day trading on Friday, hitting $30.09. The stock had a trading volume of 17,678,862 shares. Cisco Systems Inc. has a 52-week low of $22.46 and a 52-week high of $31.95. The stock has a market cap of $151.26 billion, a P/E ratio of 14.40 and a beta of 1.42. The company’s 50 day moving average is $30.59 and its 200-day moving average is $30.09.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 16th. The network equipment provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The business had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.34 billion. Cisco Systems had a net margin of 21.73% and a return on equity of 17.50%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. On average, equities research analysts anticipate that Cisco Systems Inc. will post $2.38 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on CSCO shares. FBN Securities set a $35.00 price target on Cisco Systems and gave the stock a “buy” rating in a research note on Saturday, November 19th. Deutsche Bank AG reaffirmed a “buy” rating and set a $37.00 price target on shares of Cisco Systems in a research note on Monday, October 17th. JMP Securities reaffirmed a “hold” rating on shares of Cisco Systems in a research note on Thursday, November 17th. Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $32.05 price target on the stock. in a research note on Tuesday, September 13th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $35.00 price target on shares of Cisco Systems in a research note on Monday, August 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Cisco Systems currently has an average rating of “Buy” and an average price target of $32.73.

In other news, Director John L. Hennessy sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $31.25, for a total transaction of $468,750.00. Following the transaction, the director now directly owns 88,369 shares of the company’s stock, valued at $2,761,531.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Chris Dedicoat sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $30.87, for a total transaction of $1,852,200.00. Following the transaction, the executive vice president now directly owns 214,605 shares in the company, valued at $6,624,856.35. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

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