Total Clarity Wealth Management Inc. Sells 1,600 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Total Clarity Wealth Management Inc. decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,668 shares of the network equipment provider’s stock after selling 1,600 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Cisco Systems were worth $1,327,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSCO. Centennial Wealth Advisory LLC bought a new position in shares of Cisco Systems in the fourth quarter worth about $424,000. Signature Wealth Management Group boosted its stake in Cisco Systems by 0.8% during the fourth quarter. Signature Wealth Management Group now owns 75,346 shares of the network equipment provider’s stock valued at $3,372,000 after buying an additional 603 shares during the last quarter. Rowland Carmichael Advisors Inc. ADV boosted its stake in Cisco Systems by 8.5% during the fourth quarter. Rowland Carmichael Advisors Inc. ADV now owns 26,325 shares of the network equipment provider’s stock valued at $1,178,000 after buying an additional 2,052 shares during the last quarter. Pegasus Asset Management Inc. boosted its stake in Cisco Systems by 6.5% during the fourth quarter. Pegasus Asset Management Inc. now owns 24,482 shares of the network equipment provider’s stock valued at $1,096,000 after buying an additional 1,490 shares during the last quarter. Finally, Arbor Investment Advisors LLC boosted its stake in Cisco Systems by 2.6% during the fourth quarter. Arbor Investment Advisors LLC now owns 9,813 shares of the network equipment provider’s stock valued at $439,000 after buying an additional 249 shares during the last quarter. 70.62% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. MKM Partners assumed coverage on Cisco Systems in a research note on Thursday. They set a “buy” rating and a $61.00 price target for the company. DZ Bank raised Cisco Systems from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Thursday, February 11th. Morgan Stanley increased their price target on Cisco Systems from $54.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, April 22nd. Citigroup increased their price target on Cisco Systems from $45.00 to $50.00 in a research note on Wednesday, February 10th. Finally, Credit Suisse Group raised their price objective on Cisco Systems from $41.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, February 10th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $51.90.

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

Shares of CSCO opened at $52.90 on Friday. The stock has a 50-day moving average of $51.98 and a two-hundred day moving average of $46.30. Cisco Systems, Inc. has a one year low of $35.28 and a one year high of $54.14. 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 stock has a market cap of $223.33 billion, a P/E ratio of 21.50, a P/E/G ratio of 2.54 and a beta of 0.95.

Cisco Systems Company 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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