Advisory Resource Group Has $3.29 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Advisory Resource Group grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 63,664 shares of the network equipment provider’s stock after purchasing an additional 1,185 shares during the quarter. Cisco Systems comprises approximately 0.9% of Advisory Resource Group’s holdings, making the stock its 22nd largest holding. Advisory Resource Group’s holdings in Cisco Systems were worth $3,294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CSCO. State Street Corp increased its stake in Cisco Systems by 2.2% in the first quarter. State Street Corp now owns 184,879,450 shares of the network equipment provider’s stock valued at $9,664,544,000 after purchasing an additional 4,061,022 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Cisco Systems by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 78,378,278 shares of the network equipment provider’s stock valued at $4,088,864,000 after buying an additional 1,641,294 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Cisco Systems by 0.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 70,960,104 shares of the network equipment provider’s stock valued at $3,674,524,000 after buying an additional 399,565 shares in the last quarter. Morgan Stanley increased its position in shares of Cisco Systems by 17.4% in the 4th quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock valued at $2,943,593,000 after buying an additional 9,160,347 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its stake in Cisco Systems by 112,307.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 59,519,500 shares of the network equipment provider’s stock worth $2,835,509,000 after buying an additional 59,466,550 shares during the period. 72.21% of the stock is currently owned by institutional investors.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $56.11 on Tuesday. The stock has a market capitalization of $227.52 billion, a PE ratio of 18.28, a P/E/G ratio of 2.50 and a beta of 0.97. Cisco Systems, Inc. has a 1-year low of $38.60 and a 1-year high of $58.19. The firm has a fifty day simple moving average of $54.20 and a 200 day simple moving average of $51.17. The company has a current ratio of 1.38, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.08. The company had revenue of $15.20 billion during the quarter, compared to the consensus estimate of $15.05 billion. Cisco Systems had a net margin of 22.13% and a return on equity of 33.42%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. On average, research analysts expect that Cisco Systems, Inc. will post 3.58 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $1.56 annualized dividend and a dividend yield of 2.78%. Cisco Systems’s dividend payout ratio is currently 50.81%.

Insider Buying and Selling

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,022 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $56.22, for a total transaction of $169,896.84. Following the completion of the sale, the executive vice president now owns 169,396 shares of the company’s stock, valued at approximately $9,523,443.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Charles Robbins sold 17,687 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $55.16, for a total value of $975,614.92. Following the completion of the sale, the chief executive officer now directly owns 716,191 shares in the company, valued at approximately $39,505,095.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 3,022 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $56.22, for a total value of $169,896.84. Following the transaction, the executive vice president now owns 169,396 shares in the company, valued at approximately $9,523,443.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,438 shares of company stock valued at $2,948,779. 0.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Evercore ISI increased their price target on Cisco Systems from $60.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Cisco Systems from $54.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, August 21st. 51job reiterated an “initiates” rating on shares of Cisco Systems in a report on Friday, June 30th. Oppenheimer restated an “outperform” rating and set a $58.00 price objective on shares of Cisco Systems in a report on Thursday, August 17th. Finally, Jefferies Financial Group boosted their price objective on shares of Cisco Systems from $54.00 to $59.50 and gave the company a “buy” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $59.43.

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 that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.