AHL Investment Management Inc. decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 15.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,222 shares of the network equipment provider’s stock after selling 5,130 shares during the quarter. AHL Investment Management Inc.’s holdings in Cisco Systems were worth $1,889,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of CSCO. Ashton Thomas Securities LLC raised its holdings in Cisco Systems by 2.9% in the 1st quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider’s stock valued at $349,000 after buying an additional 159 shares during the last quarter. Central Valley Advisors LLC grew its position in shares of Cisco Systems by 2.6% during the 2nd quarter. Central Valley Advisors LLC now owns 6,303 shares of the network equipment provider’s stock worth $437,000 after buying an additional 159 shares during the period. Capital Advisory Group Advisory Services LLC grew its position in shares of Cisco Systems by 1.1% during the 2nd quarter. Capital Advisory Group Advisory Services LLC now owns 14,291 shares of the network equipment provider’s stock worth $992,000 after buying an additional 159 shares during the period. Boltwood Capital Management grew its position in shares of Cisco Systems by 1.4% during the 2nd quarter. Boltwood Capital Management now owns 11,593 shares of the network equipment provider’s stock worth $804,000 after buying an additional 160 shares during the period. Finally, Sapient Capital LLC grew its position in shares of Cisco Systems by 0.6% during the 2nd quarter. Sapient Capital LLC now owns 24,957 shares of the network equipment provider’s stock worth $1,732,000 after buying an additional 160 shares during the period. Institutional investors own 73.33% of the company’s stock.
Cisco Systems Stock Up 1.4%
Shares of NASDAQ CSCO opened at $68.68 on Friday. The business has a 50-day moving average of $68.14 and a 200-day moving average of $64.10. The firm has a market capitalization of $271.51 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 2.85 and a beta of 0.99. Cisco Systems, Inc. has a 12 month low of $51.15 and a 12 month high of $72.55. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49.
Cisco Systems Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. Cisco Systems’s dividend payout ratio (DPR) is presently 62.60%.
Analysts Set New Price Targets
Several brokerages have recently commented on CSCO. UBS Group raised their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Hsbc Global Res cut Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. KeyCorp assumed coverage on Cisco Systems in a research note on Thursday, June 26th. They set an “overweight” rating and a $77.00 price objective on the stock. CICC Research began coverage on Cisco Systems in a research note on Monday, July 14th. They set an “outperform” rating and a $78.00 target price on the stock. Finally, Barclays lifted their price objective on Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.53.
Get Our Latest Research Report on CSCO
Insider Buying and Selling
In other Cisco Systems news, SVP Maria Victoria Wong sold 428 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $68.25, for a total value of $29,211.00. Following the completion of the transaction, the senior vice president owned 30,619 shares in the company, valued at approximately $2,089,746.75. This represents a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares of the company’s stock, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,439 shares of company stock valued at $4,369,104 over the last three months. Insiders own 0.01% of the company’s stock.
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. 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.
Featured Stories
- Five stocks we like better than Cisco Systems
- What is a Stock Market Index and How Do You Use Them?
- Why Seagate Is Wall Street’s New Favorite AI Infrastructure Play
- 3 Dividend Kings To Consider
- 3 AI Infrastructure Stocks With Upside After the Summer Rally
- How to Buy Cheap Stocks Step by Step
- Can Advantage2 Help Overcome D-Wave’s Share Price Plateau?
Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO – Free Report).
Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.