15,053 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Bought by Howard Capital Management Group LLC

Howard Capital Management Group LLC purchased a new position in Cisco Systems, Inc. (NASDAQ:CSCO) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,053 shares of the network equipment provider’s stock, valued at approximately $778,000.

A number of other hedge funds have also made changes to their positions in CSCO. CFO4Life Group LLC increased its holdings in shares of Cisco Systems by 0.7% in the first quarter. CFO4Life Group LLC now owns 29,789 shares of the network equipment provider’s stock valued at $1,540,000 after purchasing an additional 196 shares during the period. YorkBridge Wealth Partners LLC increased its holdings in shares of Cisco Systems by 1.9% in the first quarter. YorkBridge Wealth Partners LLC now owns 12,109 shares of the network equipment provider’s stock valued at $626,000 after purchasing an additional 220 shares during the period. Lake Street Financial LLC increased its holdings in shares of Cisco Systems by 0.9% in the first quarter. Lake Street Financial LLC now owns 23,885 shares of the network equipment provider’s stock valued at $1,235,000 after purchasing an additional 220 shares during the period. Polaris Wealth Advisory Group LLC grew its holdings in Cisco Systems by 2.6% during the first quarter. Polaris Wealth Advisory Group LLC now owns 8,533 shares of the network equipment provider’s stock worth $445,000 after acquiring an additional 220 shares during the period. Finally, Sara Bay Financial grew its holdings in Cisco Systems by 1.3% during the first quarter. Sara Bay Financial now owns 17,326 shares of the network equipment provider’s stock worth $896,000 after acquiring an additional 221 shares during the period. 70.62% of the stock is owned by institutional investors.

Shares of Cisco Systems stock opened at $52.90 on Friday. Cisco Systems, Inc. has a one year low of $35.28 and a one year high of $54.14. The company has a market cap of $223.33 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 2.54 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.54 and a current ratio of 1.59. The business’s 50 day moving average price is $51.98 and its 200 day moving average price is $46.30.

Several research firms recently commented on CSCO. KeyCorp reaffirmed a “sector weight” rating on shares of Cisco Systems in a report on Thursday, April 29th. The Goldman Sachs Group raised Cisco Systems from a “neutral” rating to a “buy” rating and raised their target price for the stock from $50.00 to $59.00 in a report on Wednesday, March 31st. Citigroup increased their price target on Cisco Systems from $45.00 to $50.00 in a research report on Wednesday, February 10th. Wolfe Research upgraded Cisco Systems from a “peer perform” rating to an “outperform” rating and set a $63.00 price target on the stock in a research report on Thursday, April 22nd. Finally, Robert W. Baird reiterated a “hold” rating on shares of Cisco Systems in a research report on Tuesday, May 11th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $51.90.

In other Cisco Systems news, Director M Michele Burns sold 13,982 shares of the firm’s stock in a transaction on Friday, March 26th. The stock was sold at an average price of $51.55, for a total transaction of $720,772.10. Following the completion of the sale, the director now owns 70,468 shares of the company’s stock, valued at $3,632,625.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Charles Robbins sold 8,497 shares of the firm’s stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $46.20, for a total value of $392,561.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,479 shares of company stock worth $1,393,294. 0.02% of the stock is currently owned by company insiders.

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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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

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