Harbor Advisory Corp MA reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,151 shares of the network equipment provider’s stock after selling 300 shares during the quarter. Cisco Systems comprises approximately 2.4% of Harbor Advisory Corp MA’s portfolio, making the stock its 21st biggest position. Harbor Advisory Corp MA’s holdings in Cisco Systems were worth $2,390,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Horan Securities Inc. raised its stake in shares of Cisco Systems by 663.0% during the fourth quarter. Horan Securities Inc. now owns 763 shares of the network equipment provider’s stock worth $33,000 after purchasing an additional 663 shares during the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of Cisco Systems during the fourth quarter worth approximately $49,000. Highwater Wealth Management LLC purchased a new stake in shares of Cisco Systems during the fourth quarter worth approximately $51,000. Acropolis Investment Management LLC purchased a new stake in shares of Cisco Systems during the fourth quarter worth approximately $101,000. Finally, Hanseatic Management Services Inc. raised its stake in shares of Cisco Systems by 74.6% during the fourth quarter. Hanseatic Management Services Inc. now owns 2,654 shares of the network equipment provider’s stock worth $115,000 after purchasing an additional 1,134 shares during the last quarter. 66.23% of the stock is owned by institutional investors and hedge funds.

CSCO opened at $52.03 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.64 and a debt-to-equity ratio of 0.43. The firm has a market cap of $222.73 billion, a P/E ratio of 22.24, a P/E/G ratio of 2.66 and a beta of 1.20. Cisco Systems, Inc. has a 52 week low of $40.25 and a 52 week high of $57.53.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $12.96 billion for the quarter, compared to analyst estimates of $12.89 billion. Cisco Systems had a return on equity of 29.88% and a net margin of 25.76%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share. Equities analysts predict that Cisco Systems, Inc. will post 2.8 earnings per share for the current fiscal year.

Cisco Systems announced that its board has approved a share repurchase plan on Wednesday, February 13th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the network equipment provider to buy up to 6.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Several equities research analysts have recently commented on the company. Goldman Sachs Group cut Cisco Systems from a “conviction-buy” rating to a “buy” rating and upped their price target for the stock from $58.00 to $62.00 in a research note on Tuesday, April 16th. Jefferies Financial Group increased their price objective on Cisco Systems from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. They noted that the move was a valuation call. Bank of America set a $62.00 price objective on Cisco Systems and gave the stock a “buy” rating in a research report on Thursday, May 16th. Morgan Stanley increased their price objective on Cisco Systems from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 16th. Finally, William Blair restated an “outperform” rating on shares of Cisco Systems in a research report on Thursday, May 16th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $55.87.

In related news, EVP Mark D. Chandler sold 3,750 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $55.79, for a total transaction of $209,212.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kelly A. Kramer sold 70,000 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $53.56, for a total value of $3,749,200.00. Following the sale, the chief financial officer now directly owns 349,122 shares in the company, valued at approximately $18,698,974.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 103,750 shares of company stock worth $5,520,513. Corporate insiders own 0.03% of the company’s stock.

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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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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