Hartland & Co. LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,536 shares of the network equipment provider’s stock after selling 916 shares during the period. Hartland & Co. LLC’s holdings in Cisco Systems were worth $2,176,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in Cisco Systems by 27.0% during the 1st quarter. IFP Advisors Inc now owns 221,080 shares of the network equipment provider’s stock valued at $7,473,000 after buying an additional 47,004 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in Cisco Systems by 0.4% during the 1st quarter. Leavell Investment Management Inc. now owns 68,175 shares of the network equipment provider’s stock valued at $2,304,000 after buying an additional 280 shares in the last quarter. Taylor Cottrill Erickson & Associates Inc. grew its holdings in Cisco Systems by 3.5% during the 1st quarter. Taylor Cottrill Erickson & Associates Inc. now owns 67,249 shares of the network equipment provider’s stock valued at $2,273,000 after buying an additional 2,292 shares in the last quarter. Valicenti Advisory Services Inc. purchased a new stake in Cisco Systems during the 1st quarter valued at approximately $222,000. Finally, Breton Hill Capital Ltd. grew its holdings in Cisco Systems by 39.8% during the 1st quarter. Breton Hill Capital Ltd. now owns 108,290 shares of the network equipment provider’s stock valued at $3,660,000 after buying an additional 30,836 shares in the last quarter. Institutional investors own 75.22% of the company’s stock.
Shares of Cisco Systems, Inc. (NASDAQ CSCO) opened at $34.04 on Wednesday. Cisco Systems, Inc. has a 52 week low of $29.12 and a 52 week high of $34.75. The firm has a market capitalization of $168,113.00, a PE ratio of 15.65, a PEG ratio of 2.97 and a beta of 1.15. The company has a current ratio of 3.03, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39.
Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.61. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The business had revenue of $12.13 billion for the quarter, compared to analyst estimates of $12.07 billion. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. research analysts forecast that Cisco Systems, Inc. will post 2.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, October 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. Cisco Systems’s payout ratio is 60.73%.
A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a report on Wednesday. Wells Fargo & Company assumed coverage on shares of Cisco Systems in a report on Tuesday. They set an “outperform” rating for the company. Vetr raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $35.49 price objective for the company in a report on Monday. Robert W. Baird reaffirmed a “buy” rating and set a $38.00 price objective on shares of Cisco Systems in a report on Friday, November 10th. Finally, Cowen and Company reissued a “buy” rating and issued a $38.00 target price on shares of Cisco Systems in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Cisco Systems presently has a consensus rating of “Buy” and a consensus target price of $35.31.
In other news, CEO Charles Robbins sold 121,390 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $3,891,763.40. Following the sale, the chief executive officer now owns 552,694 shares in the company, valued at $17,719,369.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total value of $7,785,000.00. Following the sale, the insider now owns 729,305 shares in the company, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. Insiders have sold 485,138 shares of company stock worth $15,347,574 in the last 90 days. Insiders own 0.05% of the company’s stock.
Cisco Systems Company Profile
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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