Eqis Capital Management Inc. Acquires 976 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Eqis Capital Management Inc. lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 1.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 51,136 shares of the network equipment provider’s stock after purchasing an additional 976 shares during the period. Eqis Capital Management Inc.’s holdings in Cisco Systems were worth $2,851,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Eudaimonia Partners LLC bought a new position in shares of Cisco Systems during the 1st quarter valued at $3,033,000. Fairview Capital Investment Management LLC boosted its position in Cisco Systems by 32.6% during the 1st quarter. Fairview Capital Investment Management LLC now owns 5,316 shares of the network equipment provider’s stock valued at $296,000 after buying an additional 1,306 shares during the period. First Republic Investment Management Inc. boosted its position in Cisco Systems by 6.7% during the 1st quarter. First Republic Investment Management Inc. now owns 4,025,510 shares of the network equipment provider’s stock valued at $224,462,000 after buying an additional 253,102 shares during the period. Forum Financial Management LP boosted its position in Cisco Systems by 6.2% during the 1st quarter. Forum Financial Management LP now owns 38,949 shares of the network equipment provider’s stock valued at $2,171,000 after buying an additional 2,267 shares during the period. Finally, Guardian Wealth Advisors LLC NC boosted its position in Cisco Systems by 8.5% during the 1st quarter. Guardian Wealth Advisors LLC NC now owns 11,695 shares of the network equipment provider’s stock valued at $652,000 after buying an additional 919 shares during the period. Institutional investors own 71.71% of the company’s stock.

Cisco Systems Stock Up 1.4 %

NASDAQ:CSCO opened at $46.40 on Tuesday. The firm has a market cap of $192.14 billion, a P/E ratio of 16.45, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.43. Cisco Systems, Inc. has a fifty-two week low of $40.82 and a fifty-two week high of $64.29. The firm has a 50-day simple moving average of $45.01 and a two-hundred day simple moving average of $48.20.

Cisco Systems (NASDAQ:CSCOGet Rating) last released its quarterly earnings data on Wednesday, August 17th. The network equipment provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $13.10 billion during the quarter, compared to analyst estimates of $12.78 billion. Cisco Systems had a net margin of 22.91% and a return on equity of 31.12%. Cisco Systems’s revenue was down .2% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. Analysts predict that Cisco Systems, Inc. will post 3.1 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be paid a $0.38 dividend. The ex-dividend date is Tuesday, October 4th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.28%. Cisco Systems’s dividend payout ratio is presently 53.90%.

Analysts Set New Price Targets

Several brokerages have weighed in on CSCO. Credit Suisse Group increased their price target on shares of Cisco Systems from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, August 18th. KGI Securities raised shares of Cisco Systems from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 31st. Oppenheimer dropped their price target on shares of Cisco Systems from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, May 19th. Rosenblatt Securities raised their target price on shares of Cisco Systems from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, August 18th. Finally, Cowen raised their target price on shares of Cisco Systems from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $55.59.

Insider Transactions at Cisco Systems

In other news, CEO Charles Robbins sold 12,716 shares of Cisco Systems stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $47.14, for a total value of $599,432.24. Following the completion of the sale, the chief executive officer now directly owns 631,374 shares in the company, valued at $29,762,970.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Prat Bhatt sold 3,453 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $48.39, for a total value of $167,090.67. Following the transaction, the senior vice president now owns 75,443 shares of the company’s stock, valued at $3,650,686.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles Robbins sold 12,716 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $47.14, for a total transaction of $599,432.24. Following the completion of the transaction, the chief executive officer now directly owns 631,374 shares in the company, valued at approximately $29,762,970.36. The disclosure for this sale can be found here. Insiders sold 31,838 shares of company stock worth $1,517,942 over the last three months. 0.02% of the stock is currently owned by company insiders.

Cisco Systems Profile

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

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