Cantor Fitzgerald Investment Advisor L.P Acquires 146,925 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Cantor Fitzgerald Investment Advisor L.P increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 47.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 454,280 shares of the network equipment provider’s stock after buying an additional 146,925 shares during the period. Cisco Systems accounts for 1.2% of Cantor Fitzgerald Investment Advisor L.P’s investment portfolio, making the stock its 24th biggest position. Cantor Fitzgerald Investment Advisor L.P’s holdings in Cisco Systems were worth $25,330,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. MFA Wealth Advisors LLC purchased a new stake in shares of Cisco Systems during the 3rd quarter valued at $119,000. Voloridge Investment Management LLC purchased a new stake in shares of Cisco Systems during the 3rd quarter valued at $1,290,000. Schonfeld Strategic Advisors LLC raised its position in shares of Cisco Systems by 45.1% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 48,400 shares of the network equipment provider’s stock valued at $2,634,000 after buying an additional 15,049 shares in the last quarter. Summit Trail Advisors LLC grew its holdings in shares of Cisco Systems by 35.6% during the 3rd quarter. Summit Trail Advisors LLC now owns 18,441 shares of the network equipment provider’s stock valued at $1,004,000 after purchasing an additional 4,845 shares during the last quarter. Finally, Studio Investment Management LLC bought a new position in shares of Cisco Systems during the 3rd quarter valued at $2,196,000. 73.18% of the stock is owned by institutional investors.

Shares of CSCO opened at $43.57 on Thursday. The firm’s 50-day moving average price is $47.24 and its 200-day moving average price is $53.77. The firm has a market capitalization of $180.42 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 2.27 and a beta of 0.99. The company has a current ratio of 1.49, a quick ratio of 1.40 and a debt-to-equity ratio of 0.21. Cisco Systems, Inc. has a 1-year low of $41.02 and a 1-year high of $64.29.

Cisco Systems (NASDAQ:CSCOGet Rating) last issued its quarterly earnings results on Wednesday, May 18th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. Cisco Systems had a net margin of 23.28% and a return on equity of 31.22%. During the same quarter in the previous year, the company posted $0.75 earnings per share. On average, research analysts forecast that Cisco Systems, Inc. will post 2.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 27th. Investors of record on Wednesday, July 6th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $1.52 dividend on an annualized basis and a yield of 3.49%. Cisco Systems’s dividend payout ratio (DPR) is currently 53.33%.

Several equities analysts recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Cisco Systems from $64.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, May 20th. Cowen reduced their target price on shares of Cisco Systems to $58.00 and set a “neutral” rating on the stock in a report on Thursday, May 19th. Wells Fargo & Company reduced their target price on shares of Cisco Systems from $65.00 to $52.00 and set an “equal weight” rating on the stock in a report on Thursday, May 19th. Citigroup reduced their target price on shares of Cisco Systems from $45.00 to $40.00 and set a “sell” rating on the stock in a report on Thursday, May 19th. Finally, Jefferies Financial Group reduced their target price on shares of Cisco Systems from $65.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, May 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $55.05.

In related news, COO Maria Martinez sold 3,628 shares of Cisco Systems stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $43.34, for a total transaction of $157,237.52. Following the completion of the transaction, the chief operating officer now directly owns 295,305 shares of the company’s stock, valued at approximately $12,798,518.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Prat Bhatt sold 607 shares of Cisco Systems stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $43.10, for a total transaction of $26,161.70. Following the completion of the transaction, the senior vice president now directly owns 79,855 shares of the company’s stock, valued at $3,441,750.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,326 shares of company stock valued at $1,103,159. 0.02% of the stock is currently owned by corporate insiders.

Cisco Systems Profile (Get Rating)

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.

Further Reading

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

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