Strategic Wealth Partners Ltd. Boosts Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Strategic Wealth Partners Ltd. boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 21.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,285 shares of the network equipment provider’s stock after buying an additional 7,171 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Cisco Systems were worth $2,246,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Cisco Systems in the 4th quarter valued at about $2,492,430,000. Vanguard Group Inc. increased its stake in Cisco Systems by 8.9% in the first quarter. Vanguard Group Inc. now owns 368,876,953 shares of the network equipment provider’s stock valued at $20,568,578,000 after purchasing an additional 30,181,146 shares during the last quarter. BlackRock Inc. increased its stake in Cisco Systems by 3.5% in the fourth quarter. BlackRock Inc. now owns 350,404,388 shares of the network equipment provider’s stock valued at $22,205,126,000 after purchasing an additional 11,804,677 shares during the last quarter. State Street Corp grew its position in shares of Cisco Systems by 3.2% in the 4th quarter. State Street Corp now owns 186,125,154 shares of the network equipment provider’s stock valued at $11,794,751,000 after buying an additional 5,730,165 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Cisco Systems by 6.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 53,356,141 shares of the network equipment provider’s stock valued at $2,975,139,000 after buying an additional 3,087,294 shares during the last quarter. Hedge funds and other institutional investors own 71.71% of the company’s stock.

Insider Activity at Cisco Systems

In related news, EVP Jeffery S. Sharritts sold 637 shares of the stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $44.69, for a total value of $28,467.53. Following the sale, the executive vice president now directly owns 166,370 shares of the company’s stock, valued at approximately $7,435,075.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO Maria Martinez sold 2,831 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $48.39, for a total transaction of $136,992.09. Following the sale, the chief operating officer now owns 278,012 shares of the company’s stock, valued at $13,453,000.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffery S. Sharritts sold 637 shares of the stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $44.69, for a total value of $28,467.53. Following the sale, the executive vice president now directly owns 166,370 shares in the company, valued at approximately $7,435,075.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,317 shares of company stock valued at $2,612,042. Insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays raised their price objective on Cisco Systems from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Thursday, August 18th. KGI Securities upgraded Cisco Systems from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 31st. Bank of America dropped their price target on Cisco Systems from $62.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, May 19th. The Goldman Sachs Group raised their target price on shares of Cisco Systems from $45.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, August 18th. Finally, Raymond James lowered their price objective on shares of Cisco Systems from $63.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Cisco Systems currently has an average rating of “Hold” and an average target price of $55.59.

Cisco Systems Stock Down 4.9 %

CSCO stock opened at $44.11 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $45.13 and its 200 day moving average price is $48.10. Cisco Systems, Inc. has a 52 week low of $40.82 and a 52 week high of $64.29. The company has a market cap of $181.24 billion, a P/E ratio of 15.64, a P/E/G ratio of 2.27 and a beta of 0.96.

Cisco Systems (NASDAQ:CSCOGet Rating) last issued its earnings results on Wednesday, August 17th. The network equipment provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $13.10 billion for 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%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 earnings per share. On average, research analysts expect that Cisco Systems, Inc. will post 3.1 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Tuesday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is 53.90%.

Cisco Systems Company 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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