Butensky & Cohen Financial Security Inc. raised its stake in shares of Cisco Systems, Inc. (NASDAQ: CSCO – Get Rating) by 2.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 77,779 shares of the network equipment provider’s stock after purchasing an additional 1,488 shares during the period. Cisco Systems makes up approximately 1.5% of Butensky & Cohen Financial Security Inc.’s portfolio, making the stock its 16th biggest holding. Butensky & Cohen Financial Security Inc.’s holdings in Cisco Systems were worth $ 4,337,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in CSCO. Legacy Private Trust Co. lifted its position in shares of Cisco Systems by 0.3% during the 4th quarter. Legacy Private Trust Co. now owns 119,870 shares of the network equipment provider’s stock worth $ 7,596,000 after buying an additional 349 shares in the last quarter. Tobias Financial Advisors Inc. bought a new position in shares of Cisco Systems during the 4th quarter worth approximately $ 1,062,000. Pure Financial Advisors LLC lifted its position in shares of Cisco Systems by 4.9% during the 1st quarter. Pure Financial Advisors LLC now owns 6,195 shares of the network equipment provider’s stock worth $ 345,000 after buying an additional 287 shares in the last quarter. Spire Wealth Management lifted its position in shares of Cisco Systems by 8.6% during the 4th quarter. Spire Wealth Management now owns 86,355 shares of the network equipment provider’s stock worth $ 5,468,000 after buying an additional 6,867 shares in the last quarter. Finally, Wedmont Private Capital bought a new position in shares of Cisco Systems during the 4th quarter worth approximately $ 1,159,000. Institutional investors and hedge funds own 73.18% of the company stock.
CSCO opened at $ 44.10 on Friday. The stock has a market cap of $ 182.62 billion, a PE ratio of 15.47, a P / E / G ratio of 2.21 and a beta of 0.99. The company has a quick ratio of 1.40, a current ratio of 1.49 and a debt-to-equity ratio of 0.21. Cisco Systems, Inc. has a 52 week low of $ 41.02 and a 52 week high of $ 64.29. The business’s fifty day simple moving average is $ 46.94 and its 200 day simple moving average is $ 53.57.
Cisco Systems (NASDAQ: CSCO – Get Rating) last released its earnings results on Wednesday, May 18th. The network equipment provider reported $ 0.87 EPS for the quarter, beating analysts’ consensus estimates of $ 0.86 by $ 0.01. Cisco Systems had a return on equity of 31.22% and a net margin of 23.28%. During the same period in the previous year, the firm earned $ 0.75 EPS. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 2.99 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Investors of record on Wednesday, July 6th will be paid a $ 0.38 dividend. 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 3.45%. Cisco Systems’s dividend payout ratio is presently 53.33%.
A number of equities research analysts recently commented on the stock. Morgan Stanley lowered their price target on shares of Cisco Systems from $ 59.00 to $ 46.00 and set an “equal weight” rating on the stock in a report on Thursday, May 19th. Oppenheimer lowered their price target on shares of Cisco Systems from $ 60.00 to $ 50.00 and set an “outperform” rating on the stock in a report on Thursday, May 19th. StockNews.com assumed coverage on shares of Cisco Systems in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Bank of America lowered their price target on shares of Cisco Systems from $ 62.00 to $ 52.00 and set a “buy” rating on the stock in a report on Thursday, May 19th. Finally, Jefferies Financial Group lowered their price target 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 analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and an average target price of $ 55.05.
In other news, CEO Charles Robbins sold 12,717 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $ 43.79, for a total transaction of $ 556,877.43. Following the transaction, the chief executive officer now directly owns 651,577 shares of the company stock, valued at $ 28,532,556.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Prat Bhatt sold 3,700 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $ 43.34, for a total value of $ 160,358.00. Following the transaction, the senior vice president now directly owns 80,784 shares in the company, valued at $ 3,501,178.56. The disclosure for this sale can be found here. In the last three months, insiders sold 25,326 shares of company stock worth $ 1,103,159. 0.02% of the stock is owned by 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.
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