Risk Paradigm Group LLC boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 337.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,909 shares of the network equipment provider’s stock after buying an additional 4,557 shares during the period. Risk Paradigm Group LLC’s holdings in Cisco Systems were worth $185,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Richard Bernstein Advisors LLC lifted its holdings in Cisco Systems by 21.2% in the second quarter. Richard Bernstein Advisors LLC now owns 269,441 shares of the network equipment provider’s stock valued at $8,434,000 after acquiring an additional 47,211 shares during the last quarter. Eads & Heald Investment Counsel lifted its holdings in Cisco Systems by 15.7% in the second quarter. Eads & Heald Investment Counsel now owns 42,453 shares of the network equipment provider’s stock valued at $1,329,000 after acquiring an additional 5,765 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Cisco Systems by 10.4% in the second quarter. Stratos Wealth Partners LTD. now owns 152,990 shares of the network equipment provider’s stock valued at $4,789,000 after acquiring an additional 14,395 shares during the last quarter. Washington Trust Bank lifted its holdings in Cisco Systems by 2.5% in the second quarter. Washington Trust Bank now owns 113,153 shares of the network equipment provider’s stock valued at $3,542,000 after acquiring an additional 2,726 shares during the last quarter. Finally, Holderness Investments Co. lifted its holdings in Cisco Systems by 12.1% in the first quarter. Holderness Investments Co. now owns 66,740 shares of the network equipment provider’s stock valued at $2,256,000 after acquiring an additional 7,186 shares during the last quarter. Institutional investors own 75.79% of the company’s stock.

Shares of Cisco Systems, Inc. (CSCO) opened at $37.61 on Friday. Cisco Systems, Inc. has a 12 month low of $29.73 and a 12 month high of $38.03. The firm has a market cap of $184,891.47, a PE ratio of 17.24, a PEG ratio of 3.38 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 (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 firm had revenue of $12.14 billion during the quarter, compared to the consensus estimate 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 was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. research analysts expect that Cisco Systems, Inc. will post 2.21 EPS for the current fiscal year.

In other Cisco Systems 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 directly owns 89,184 shares of the company’s stock, valued at $3,254,324.16. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John T. Chambers sold 250,000 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the completion of the transaction, the insider now directly owns 712,736 shares of the company’s stock, valued at $26,014,864. The disclosure for this sale can be found here. In the last 90 days, insiders sold 493,530 shares of company stock valued at $16,993,798. 0.05% of the stock is owned by insiders.

CSCO has been the topic of a number of recent analyst reports. Drexel Hamilton reiterated a “buy” rating and issued a $39.00 price objective on shares of Cisco Systems in a report on Tuesday, August 15th. Piper Jaffray Companies restated a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a research note 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 research note on Thursday, August 17th. Vetr upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price target on the stock in a research note on Wednesday, September 6th. Finally, Deutsche Bank restated a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a research note on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $36.90.

TRADEMARK VIOLATION WARNING: “Risk Paradigm Group LLC Boosts Holdings in Cisco Systems, Inc. (CSCO)” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.watchlistnews.com/risk-paradigm-group-llc-boosts-holdings-in-cisco-systems-inc-csco/1755048.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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.