Garde Capital Inc. decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 17.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,111 shares of the network equipment provider’s stock after selling 2,270 shares during the period. Garde Capital Inc.’s holdings in Cisco Systems were worth $477,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Keeler Thomas Management LLC bought a new position in shares of Cisco Systems in the fourth quarter worth approximately $108,000. Certified Advisory Corp bought a new position in shares of Cisco Systems in the fourth quarter worth approximately $116,000. Trustcore Financial Services LLC grew its holdings in shares of Cisco Systems by 143.5% in the first quarter. Trustcore Financial Services LLC now owns 3,294 shares of the network equipment provider’s stock worth $141,000 after purchasing an additional 1,941 shares during the last quarter. Smart Portfolios LLC bought a new position in shares of Cisco Systems in the first quarter worth approximately $146,000. Finally, Stelac Advisory Services LLC bought a new position in shares of Cisco Systems in the first quarter worth approximately $149,000. Hedge funds and other institutional investors own 72.65% of the company’s stock.

In other news, EVP David Goeckeler sold 35,000 shares of the business’s stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $43.27, for a total transaction of $1,514,450.00. Following the sale, the executive vice president now owns 490,458 shares in the company, valued at approximately $21,222,117.66. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.05% of the company’s stock.

CSCO has been the topic of several recent analyst reports. Macquarie initiated coverage on shares of Cisco Systems in a report on Monday, April 30th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. initiated coverage on shares of Cisco Systems in a report on Thursday, May 3rd. They issued an “overweight” rating and a $57.00 target price on the stock. Credit Suisse Group initiated coverage on shares of Cisco Systems in a report on Wednesday, May 9th. They issued a “neutral” rating and a $41.00 target price on the stock. Argus raised their target price on shares of Cisco Systems to $55.00 and gave the stock a “buy” rating in a report on Friday, May 18th. Finally, BidaskClub cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 19th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $47.65.

Shares of CSCO stock opened at $46.32 on Friday. Cisco Systems, Inc. has a 12 month low of $31.19 and a 12 month high of $46.44. The firm has a market cap of $221.56 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.74 and a beta of 1.07. The company has a current ratio of 2.29, a quick ratio of 2.22 and a debt-to-equity ratio of 0.47.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 15th. The network equipment provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. Cisco Systems had a net margin of 0.22% and a return on equity of 22.12%. The firm had revenue of $12.84 billion for the quarter, compared to analysts’ expectations of $12.76 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. analysts expect that Cisco Systems, Inc. will post 2.65 earnings per share for the current year.

Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.

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

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