Trade Report: Today, Peachtree Investment Advisors Inc. invests in Cisco Systems Inc. (CSCO) Shares

Today, Peachtree Investment Advisors Inc. invests in Cisco Systems Inc. (CSCO) Shares

Peachtree Investment Advisors Inc. increased its stake in Cisco Systems Inc. (NASDAQ:CSCO) by 0.3% during the third quarter, Holdings Channel reports. The institutional investor owned 51,213 shares of the network equipment provider’s stock after buying an additional 150 shares during the period. Cisco Systems makes up 1.6% of Peachtree Investment Advisors Inc.’s investment portfolio, making the stock its 21st largest position. Peachtree Investment Advisors Inc.’s holdings in Cisco Systems were worth $1,624,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CSCO. Riggs Asset Managment Co. Inc. raised its position 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 position 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. West Oak Capital LLC raised its position 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. Global X Management Co. LLC raised its position in shares of Cisco Systems by 101.9% in the second quarter. Global X Management Co. LLC now owns 4,244 shares of the network equipment provider’s stock valued at $122,000 after buying an additional 2,142 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its position in shares of Cisco Systems by 25.7% in the second quarter. Financial Management Professionals Inc. now owns 4,389 shares of the network equipment provider’s stock valued at $125,000 after buying an additional 896 shares during the last quarter. 74.29% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Inc. (NASDAQ:CSCO) traded down 0.56% during trading on Monday, hitting $29.92. 21,468,918 shares of the stock traded hands. The company has a market cap of $150.41 billion, a P/E ratio of 14.32 and a beta of 1.42. The company’s 50 day moving average price is $30.55 and its 200 day moving average price is $30.16. Cisco Systems Inc. has a 12 month low of $22.46 and a 12 month high of $31.95.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The firm earned $12.35 billion during the quarter, compared to the consensus estimate of $12.34 billion. Cisco Systems had a return on equity of 17.50% and a net margin of 21.73%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the company earned $0.59 EPS. On average, equities research analysts anticipate that Cisco Systems Inc. will post $2.37 EPS for the current fiscal year.

Several research analysts recently issued reports on the stock. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $32.71 price target for the company. in a research note on Monday, September 5th. RBC Capital Markets restated an “outperform” rating and set a $35.00 price objective on shares of Cisco Systems in a research note on Sunday, September 4th. Deutsche Bank AG restated a “buy” rating and set a $35.00 price objective on shares of Cisco Systems in a research note on Tuesday, September 6th. Raymond James Financial Inc. raised their price objective on shares of Cisco Systems from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, September 23rd. Finally, JMP Securities restated a “market perform” rating on shares of Cisco Systems in a research note on Wednesday, October 5th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $32.73.

In related news, SVP Karen Walker sold 10,244 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $31.17, for a total transaction of $319,305.48. Following the completion of the sale, the senior vice president now directly owns 138,625 shares of the company’s stock, valued at approximately $4,320,941.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Prat Bhatt sold 25,706 shares of Cisco Systems stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $31.02, for a total value of $797,400.12. Following the completion of the transaction, the senior vice president now directly owns 133,113 shares of the company’s stock, valued at $4,129,165.26. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

About Cisco Systems

Cisco System, Inc (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use.

Related posts

Leave a Comment