Trinity Legacy Partners LLC acquired a new position in shares of Cisco Systems, Inc.(NASDAQ:CSCO) during the 4th quarter, Holdings Channel reports.The firm acquired 16,573 shares of the network equipment provider’s stock, valued at approximately $784,000.
Other institutional investors have also recently added to or reduced their stakes in the company.Pinnacle Holdings LLC boosted its holdings in Cisco Systems by 1.0% in the 2nd quarter.Pinnacle Holdings LLC now owns 19,758 shares of the network equipment provider’s stock valued at $1,081,000 after purchasing an additional 201 shares during the period.Nicolet Bankshares Inc.raised its position in shares of Cisco Systems by 4.5% in the 3rd quarter.
Nicolet Bankshares Inc.now owns 4,977 shares of the network equipment provider’s stock valued at $246,000 after buying an additional 215 shares in the last quarter.United Capital Management of KS Inc.raised its position in shares of Cisco Systems by 1.1% in the 3rd quarter.United Capital Management of KS Inc.
now owns 20,885 shares of the network equipment provider’s stock valued at $998,000 after buying an additional 223 shares in the last quarter.Pacific Center for Financial Services raised its position in shares of Cisco Systems by 12.2% in the 2nd quarter.Pacific Center for Financial Services now owns 2,058 shares of the network equipment provider’s stock valued at $113,000 after buying an additional 224 shares in the last quarter.Finally, Cable Hill Partners LLC raised its position in shares of Cisco Systems by 1.7% in the 3rd quarter.
Cable Hill Partners LLC now owns 13,931 shares of the network equipment provider’s stock valued at $688,000 after buying an additional 227 shares in the last quarter.Institutional investors own 72.54% of the company’s stock.Get Cisco Systems alerts:
Several brokerages have recently commented on CSCO.Wells Fargo & Co restated a “buy” rating and issued a $58.00 target price (down from $60.00) on shares of Cisco Systems in a research report on Thursday, November 14th.UBS Group restated a “buy” rating and issued a $54.00 target price (down from $58.00) on shares of Cisco Systems in a research report on Thursday, November 14th.
Robert W.Baird restated a “buy” rating and issued a $54.00 target price on shares of Cisco Systems in a research report on Monday, November 11th.Credit Suisse Group set a $46.00 target price on shares of Cisco Systems and gave the company a “neutral” rating in a research report on Thursday, November 14th.
Finally, Barclays upgraded shares of Cisco Systems from an “equal weight” rating to an “overweight” rating and set a $53.00 target price for the company in a research report on Thursday, December 19th.One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the company.The stock has a consensus rating of “Buy” and an average price target of $54.57.
In related news, EVP Irving Tan sold 10,733 shares of the company’s stock in a transaction that occurred on Monday, November 18th.The shares were sold at an average price of $44.81, for a total transaction of $480,945.73.
Following the completion of the transaction, the executive vice president now directly owns 172,199 shares in the company, valued at approximately $7,716,237.19.The transaction was disclosed in a filing with the SEC, which is available through the SEC website .Also, CFO Kelly A.Kramer sold 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th.
The stock was sold at an average price of $45.19, for a total transaction of $3,163,300.00.Following the transaction, the chief financial officer now owns 352,587 shares of the company’s stock, valued at $15,933,406.53.The disclosure for this sale can be found here .
Over the last quarter, insiders have sold 388,864 shares of company stock valued at $17,474,321.0.03% of the stock is owned by corporate insiders.
CSCO stock traded down $0.19 during trading on Friday, reaching $47.13.13,439,245 shares of the company were exchanged, compared to its average volume of 18,563,348.The company has a 50-day moving average of $46.16 and a two-hundred day moving average of $49.41.The company has a market capitalization of $201.59 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 2.76 and a beta of 1.23.
Cisco Systems, Inc.has a twelve month low of $42.58 and a twelve month high of $58.26.The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.64.
Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 13th.The network equipment provider reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.03.The business had revenue of $13.16 billion during the quarter, compared to analysts’ expectations of $13.09 billion.
Cisco Systems had a net margin of 21.15% and a return on equity of 35.01%.The firm’s quarterly revenue was up .7% compared to the same quarter last year.During the same period in the prior year, the company earned $0.75 EPS.
On average, analysts forecast that Cisco Systems, Inc.will post 2.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd.
Investors of record on Friday, January 3rd will be given a dividend of $0.35 per share.This represents a $1.40 dividend on an annualized basis and a yield of 2.97%.The ex-dividend date is Thursday, January 2nd.Cisco Systems’s dividend payout ratio is 49.12%.
About Cisco Systems
Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide.The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.
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