Cisco Systems, Inc. (CSCO) Position Raised by Fiduciary Financial Services of The Southwest Inc. TX

Fiduciary Financial Services of The Southwest Inc. TX increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,409 shares of the network equipment provider’s stock after buying an additional 532 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Cisco Systems were worth $1,040,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC raised its stake in Cisco Systems by 7.0% in the third quarter. Proficio Capital Partners LLC now owns 3,211 shares of the network equipment provider’s stock worth $102,000 after buying an additional 210 shares during the last quarter. Orrstown Financial Services Inc. raised its stake in Cisco Systems by 89.3% in the third quarter. Orrstown Financial Services Inc. now owns 3,243 shares of the network equipment provider’s stock worth $103,000 after buying an additional 1,530 shares during the last quarter. Reilly Financial Advisors LLC raised its stake in Cisco Systems by 9.5% in the third quarter. Reilly Financial Advisors LLC now owns 3,289 shares of the network equipment provider’s stock worth $104,000 after buying an additional 286 shares during the last quarter. Edmond DE Rothschild Monaco acquired a new stake in Cisco Systems during the third quarter worth $111,000. Finally, Morgan Dempsey Capital Management LLC raised its stake in Cisco Systems by 19.5% in the third quarter. Morgan Dempsey Capital Management LLC now owns 4,080 shares of the network equipment provider’s stock worth $129,000 after buying an additional 667 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

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

Cisco Systems, Inc. (NASDAQ:CSCO) traded up 0.03% during mid-day trading on Friday, reaching $32.84. 10,691,553 shares of the company traded hands. The stock has a market capitalization of $164.46 billion, a PE ratio of 16.93 and a beta of 1.36. The firm’s 50-day moving average is $33.65 and its 200 day moving average is $31.59. Cisco Systems, Inc. has a 52-week low of $25.81 and a 52-week high of $34.53.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 15th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. Cisco Systems had a return on equity of 17.50% and a net margin of 21.73%. The business had revenue of $11.60 billion for the quarter, compared to analyst estimates of $11.55 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. On average, equities research analysts expect that Cisco Systems, Inc. will post $2.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Thursday, April 6th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Tuesday, April 4th. This is an increase from Cisco Systems’s previous quarterly dividend of $0.26. Cisco Systems’s dividend payout ratio is currently 49.52%.

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CSCO has been the topic of several analyst reports. BMO Capital Markets restated an “outperform” rating and set a $33.00 price target on shares of Cisco Systems in a research report on Thursday, January 12th. Royal Bank of Canada raised their price target on shares of Cisco Systems from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, February 16th. William Blair restated an “outperform” rating on shares of Cisco Systems in a research report on Thursday, February 16th. Pacific Crest restated an “overweight” rating and set a $33.00 price target on shares of Cisco Systems in a research report on Thursday, December 29th. Finally, Berenberg Bank began coverage on shares of Cisco Systems in a report on Tuesday, April 4th. They set a “hold” rating and a $35.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Cisco Systems has a consensus rating of “Buy” and an average target price of $34.23.

In related news, insider John T. Chambers sold 295,538 shares of the company’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $34.06, for a total value of $10,066,024.28. Following the completion of the sale, the insider now owns 1,220,581 shares in the company, valued at $41,572,988.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Prat Bhatt sold 15,672 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $34.27, for a total value of $537,079.44. Following the completion of the sale, the senior vice president now owns 77,174 shares of the company’s stock, valued at approximately $2,644,752.98. The disclosure for this sale can be found here. Insiders sold 371,807 shares of company stock valued at $12,668,893 in the last quarter. 0.11% of the stock is currently owned by corporate insiders.

About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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