Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 516,015 shares of the network equipment provider’s stock after purchasing an additional 4,531 shares during the quarter. Private Advisor Group LLC’s holdings in Cisco Systems were worth $22,003,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CSCO. Vanguard Group Inc. increased its stake in shares of Cisco Systems by 8.9% during the first quarter. Vanguard Group Inc. now owns 368,876,953 shares of the network equipment provider’s stock worth $20,568,578,000 after acquiring an additional 30,181,146 shares during the period. BlackRock Inc. boosted its holdings in Cisco Systems by 0.3% during the first quarter. BlackRock Inc. now owns 351,582,807 shares of the network equipment provider’s stock worth $19,604,258,000 after buying an additional 1,178,419 shares in the last quarter. State Street Corp boosted its holdings in Cisco Systems by 2.2% during the first quarter. State Street Corp now owns 190,142,222 shares of the network equipment provider’s stock worth $10,602,330,000 after buying an additional 4,017,068 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Cisco Systems by 6.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 53,356,141 shares of the network equipment provider’s stock worth $2,975,139,000 after buying an additional 3,087,294 shares in the last quarter. Finally, Norges Bank purchased a new stake in Cisco Systems during the fourth quarter worth about $2,492,430,000. 71.71% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Price Performance

Shares of CSCO stock opened at $41.59 on Thursday. The company has a market capitalization of $170.89 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. The firm has a fifty day simple moving average of $45.13 and a 200-day simple moving average of $47.62. The company has a current ratio of 1.43, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. Cisco Systems, Inc. has a twelve month low of $40.82 and a twelve month high of $64.29.

Cisco Systems (NASDAQ:CSCOGet Rating) last announced its earnings results on Wednesday, August 17th. The network equipment provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The business had revenue of $13.10 billion during the quarter, compared to the consensus estimate of $12.78 billion. Cisco Systems had a net margin of 22.91% and a return on equity of 31.12%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 earnings per share. Equities research analysts anticipate that Cisco Systems, Inc. will post 3.1 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be paid a $0.38 dividend. The ex-dividend date is Tuesday, October 4th. This represents a $1.52 annualized dividend and a dividend yield of 3.65%. Cisco Systems’s dividend payout ratio (DPR) is presently 53.90%.

Insider Activity

In other news, SVP Prat Bhatt sold 19,168 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $44.28, for a total value of $848,759.04. Following the completion of the transaction, the senior vice president now directly owns 38,158 shares in the company, valued at $1,689,636.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Cisco Systems news, SVP Prat Bhatt sold 19,168 shares of the stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $848,759.04. Following the transaction, the senior vice president now directly owns 38,158 shares in the company, valued at approximately $1,689,636.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeffery S. Sharritts sold 637 shares of the stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $44.69, for a total transaction of $28,467.53. Following the transaction, the executive vice president now owns 166,370 shares in the company, valued at $7,435,075.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,317 shares of company stock worth $2,612,042. 0.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CSCO has been the topic of a number of research analyst reports. Barclays downgraded shares of Cisco Systems from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $56.00 to $46.00 in a report on Wednesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $51.00 price target (down previously from $62.00) on shares of Cisco Systems in a report on Thursday, July 14th. Evercore ISI upped their price target on shares of Cisco Systems from $50.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, August 18th. Credit Suisse Group upped their price target on shares of Cisco Systems from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, August 18th. Finally, KGI Securities raised shares of Cisco Systems from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $54.10.

Cisco Systems Company Profile

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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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