GHP Investment Advisors Inc. Has $9.76 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

GHP Investment Advisors Inc. grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,353 shares of the network equipment provider’s stock after purchasing an additional 3,879 shares during the period. GHP Investment Advisors Inc.’s holdings in Cisco Systems were worth $9,758,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Farrow Financial Inc. grew its position in Cisco Systems by 5.5% during the third quarter. Farrow Financial Inc. now owns 42,096 shares of the network equipment provider’s stock worth $2,240,000 after buying an additional 2,189 shares in the last quarter. Benedict Financial Advisors Inc. grew its holdings in shares of Cisco Systems by 0.5% during the 3rd quarter. Benedict Financial Advisors Inc. now owns 181,959 shares of the network equipment provider’s stock worth $9,684,000 after purchasing an additional 975 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Cisco Systems by 9.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,596,059 shares of the network equipment provider’s stock worth $138,162,000 after purchasing an additional 217,235 shares during the period. PFG Investments LLC raised its stake in Cisco Systems by 1.4% in the third quarter. PFG Investments LLC now owns 170,633 shares of the network equipment provider’s stock valued at $9,081,000 after purchasing an additional 2,409 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted its position in Cisco Systems by 5,231.5% during the third quarter. Pathway Financial Advisers LLC now owns 4,935,107 shares of the network equipment provider’s stock worth $262,646,000 after purchasing an additional 4,842,542 shares during the period. 73.33% of the stock is owned by institutional investors.

Cisco Systems Trading Down 0.4 %

Shares of NASDAQ CSCO traded down $0.22 during trading on Friday, reaching $55.74. The company had a trading volume of 14,680,466 shares, compared to its average volume of 19,091,068. The stock has a market cap of $224.57 billion, a P/E ratio of 18.77, a PEG ratio of 4.22 and a beta of 0.83. The company’s fifty day moving average price is $52.12 and its 200-day moving average price is $48.87. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $57.06.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. As a group, research analysts expect that Cisco Systems, Inc. will post 2.9 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.87%. Cisco Systems’s dividend payout ratio (DPR) is currently 53.87%.

Insiders Place Their Bets

In related news, CEO Charles Robbins sold 27,143 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the sale, the chief executive officer now owns 683,403 shares in the company, valued at $33,794,278.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Charles Robbins sold 27,143 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the transaction, the chief executive officer now owns 683,403 shares in the company, valued at $33,794,278.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Maria Victoria Wong sold 3,379 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $50.36, for a total transaction of $170,166.44. Following the completion of the sale, the senior vice president now owns 47,182 shares of the company’s stock, valued at $2,376,085.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,529 shares of company stock worth $3,509,049. Company insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. HSBC upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and boosted their target price for the company from $46.00 to $58.00 in a research report on Friday, August 16th. New Street Research upgraded Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday, August 15th. Tigress Financial lifted their price target on Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft raised their price objective on Cisco Systems from $52.00 to $53.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, Evercore ISI boosted their target price on Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $56.74.

About Cisco Systems

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. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.