G&S Capital LLC grew its holdings in shares of Cisco Systems, Inc. (NASDAQ: CSCO – Get Rating) by 10.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,152 shares of the network equipment provider’s stock after purchasing an additional 392 shares during the quarter. G&S Capital LLC’s holdings in Cisco Systems were worth $ 232,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in CSCO. MFA Wealth Advisors LLC acquired a new stake in Cisco Systems during the 3rd quarter worth $ 119,000. Voloridge Investment Management LLC purchased a new position in shares of Cisco Systems during the 3rd quarter worth $ 1,290,000. Schonfeld Strategic Advisors LLC raised its holdings 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 worth $ 2,634,000 after acquiring an additional 15,049 shares during the period. Studio Investment Management LLC purchased a new position in shares of Cisco Systems during the 3rd quarter worth $ 2,196,000. Finally, Garde Capital Inc. raised its holdings in shares of Cisco Systems by 38.3% during the 3rd quarter. Garde Capital Inc. now owns 10,644 shares of the network equipment provider’s stock worth $ 579,000 after acquiring an additional 2,949 shares during the period. 73.18% of the stock is currently owned by institutional investors.
Shares of NASDAQ: CSCO opened at $ 44.10 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.49 and a quick ratio of 1.40. The firm has a market capitalization of $ 182.62 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 2.27 and a beta of 0.99. The firm’s 50-day moving average is $ 46.94 and its two-hundred day moving average is $ 53.55. Cisco Systems, Inc. has a 1 year low of $ 41.02 and a 1 year high of $ 64.29.
Cisco Systems (NASDAQ: CSCO – Get 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, topping 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 last year, the firm earned $ 0.75 EPS. Analysts expect that Cisco Systems, Inc. will post 2.99 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th will be given a dividend of $ 0.38 per share. This represents a $ 1.52 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Tuesday, July 5th. Cisco Systems’s dividend payout ratio is presently 53.33%.
Several research analysts have recently commented on the company. Wells Fargo & Company reduced their price target on Cisco Systems from $ 65.00 to $ 52.00 and set an “equal weight” rating on the stock in a report on Thursday, May 19th. Evercore ISI reduced their price target on Cisco Systems from $ 62.00 to $ 50.00 and set an “outperform” rating on the stock in a report on Thursday, May 19th. JPMorgan Chase & Co. reduced their price target on Cisco Systems from $ 67.00 to $ 62.00 and set an “overweight” rating on the stock in a report on Thursday, May 19th. Barclays reduced their price target on Cisco Systems from $ 68.00 to $ 55.00 and set an “overweight” rating on the stock in a report on Thursday, May 19th. Finally, TheStreet lowered shares of Cisco Systems from a “b” rating to a “c +” rating in a report on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $ 55.05.
In other news, CEO Charles Robbins sold 12,717 shares of the business’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 completion of 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 filing with the SEC, which is accessible through this link. Also, SVP Prat Bhatt sold 607 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $ 43.10, for a total value of $ 26,161.70. Following the transaction, the senior vice president now directly owns 79,855 shares of the company 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. Corporate insiders own 0.02% of the company stock.
About Cisco Systems: (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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