Archford Capital Strategies LLC increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 35.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,513 shares of the network equipment provider’s stock after purchasing an additional 2,503 shares during the period. Archford Capital Strategies LLC’s holdings in Cisco Systems were worth $126,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CSCO. Dowling & Yahnke LLC boosted its holdings in Cisco Systems by 0.3% in the first quarter. Dowling & Yahnke LLC now owns 210,778 shares of the network equipment provider’s stock worth $7,124,000 after purchasing an additional 681 shares in the last quarter. Lourd Capital LLC boosted its holdings in Cisco Systems by 16.1% in the first quarter. Lourd Capital LLC now owns 19,244 shares of the network equipment provider’s stock worth $650,000 after purchasing an additional 2,670 shares in the last quarter. Verity & Verity LLC boosted its holdings in Cisco Systems by 5.2% in the first quarter. Verity & Verity LLC now owns 241,712 shares of the network equipment provider’s stock worth $8,169,000 after purchasing an additional 11,972 shares in the last quarter. Greenleaf Trust boosted its holdings in Cisco Systems by 1.2% in the first quarter. Greenleaf Trust now owns 35,247 shares of the network equipment provider’s stock worth $1,191,000 after purchasing an additional 417 shares in the last quarter. Finally, Cedar Wealth Management LLC boosted its holdings in Cisco Systems by 3.0% in the first quarter. Cedar Wealth Management LLC now owns 12,785 shares of the network equipment provider’s stock worth $432,000 after purchasing an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 75.78% of the company’s stock.

In related news, CAO Prat Bhatt sold 2,606 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $95,092.94. Following the completion of the transaction, the chief accounting officer now owns 89,184 shares of the company’s stock, valued at $3,254,324.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Karen Walker sold 5,786 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the completion of the transaction, the senior vice president now directly owns 176,418 shares of the company’s stock, valued at approximately $6,437,492.82. The disclosure for this sale can be found here. Insiders have sold 323,392 shares of company stock valued at $11,539,174 in the last ninety days. 0.05% of the stock is owned by company insiders.

Cisco Systems, Inc. (CSCO) opened at $38.15 on Thursday. The company has a market cap of $188,600.00, a PE ratio of 17.49, a PEG ratio of 3.43 and a beta of 1.19. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a 52-week low of $29.80 and a 52-week high of $38.37.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The business had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. sell-side analysts forecast that Cisco Systems, Inc. will post 2.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, January 4th. Cisco Systems’s dividend payout ratio is currently 60.10%.

A number of equities research analysts have issued reports on the stock. Piper Jaffray Companies restated a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a report on Thursday, August 17th. Robert W. Baird restated a “buy” rating and set a $38.00 price target on shares of Cisco Systems in a report on Thursday, August 17th. Vetr upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price target for the company in a report on Wednesday, September 6th. Deutsche Bank restated a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a report on Wednesday, September 6th. Finally, KeyCorp restated a “buy” rating on shares of Cisco Systems in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $36.90.

COPYRIGHT VIOLATION NOTICE: This report was first reported by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of US & international copyright and trademark legislation. The original version of this report can be accessed at https://www.watchlistnews.com/archford-capital-strategies-llc-acquires-2503-shares-of-cisco-systems-inc-csco/1762666.html.

About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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

Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.