Foundations Investment Advisors LLC Has $282,000 Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Foundations Investment Advisors LLC increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 19.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,610 shares of the network equipment provider’s stock after acquiring an additional 1,057 shares during the period. Foundations Investment Advisors LLC’s holdings in Cisco Systems were worth $282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSCO. Cordant Inc. bought a new position in Cisco Systems in the 1st quarter worth approximately $28,000. Advanced Research Investment Solutions LLC boosted its holdings in Cisco Systems by 564.6% in the 1st quarter. Advanced Research Investment Solutions LLC now owns 545 shares of the network equipment provider’s stock worth $30,000 after buying an additional 463 shares during the period. Conrad Siegel Investment Advisors Inc. bought a new position in Cisco Systems in the 1st quarter worth approximately $33,000. Evolution Advisers Inc. boosted its holdings in Cisco Systems by 48.2% in the 1st quarter. Evolution Advisers Inc. now owns 781 shares of the network equipment provider’s stock worth $43,000 after buying an additional 254 shares during the period. Finally, PYA Waltman Capital LLC boosted its holdings in Cisco Systems by 445.4% in the 1st quarter. PYA Waltman Capital LLC now owns 769 shares of the network equipment provider’s stock worth $43,000 after buying an additional 628 shares during the period. Hedge funds and other institutional investors own 71.71% of the company’s stock.

Cisco Systems Trading Up 0.0 %

NASDAQ:CSCO opened at $43.30 on Monday. Cisco Systems, Inc. has a one year low of $40.82 and a one year high of $64.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 1.33. The company’s 50-day simple moving average is $45.16 and its 200 day simple moving average is $47.85. The firm has a market capitalization of $177.91 billion, a P/E ratio of 15.35, a PEG ratio of 2.15 and a beta of 0.96.

Cisco Systems (NASDAQ:CSCOGet Rating) last posted its quarterly earnings data on Wednesday, August 17th. The network equipment provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. Cisco Systems had a net margin of 22.91% and a return on equity of 31.12%. The business had revenue of $13.10 billion for the quarter, compared to analyst estimates of $12.78 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Cisco Systems’s quarterly revenue was down .2% on a year-over-year basis. As a group, analysts forecast that Cisco Systems, Inc. will post 3.1 EPS 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. The ex-dividend date is Tuesday, October 4th. This represents a $1.52 annualized dividend and a yield of 3.51%. Cisco Systems’s dividend payout ratio (DPR) is presently 53.90%.

Insiders Place Their Bets

In other Cisco Systems news, SVP Prat Bhatt sold 19,168 shares of Cisco Systems stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $44.28, for a total value of $848,759.04. Following the completion of the transaction, the senior vice president now directly owns 38,158 shares of the company’s stock, valued at $1,689,636.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Prat Bhatt sold 19,168 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $848,759.04. Following the completion of the transaction, the senior vice president now directly owns 38,158 shares of the company’s stock, valued at $1,689,636.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffery S. Sharritts sold 12,838 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $47.86, for a total transaction of $614,426.68. Following the transaction, the executive vice president now directly owns 167,532 shares of the company’s stock, valued at $8,018,081.52. The disclosure for this sale can be found here. Over the last ninety days, insiders 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

CSCO has been the subject of several analyst reports. Citigroup raised their price objective on shares of Cisco Systems from $40.00 to $44.00 and gave the stock a “sell” rating in a report on Thursday, August 18th. Cowen raised their price target on shares of Cisco Systems from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, August 18th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Cisco Systems from $51.00 to $54.00 in a report on Friday, August 19th. The Goldman Sachs Group raised their price target on shares of Cisco Systems from $45.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, August 18th. Finally, Barclays raised their price target on shares of Cisco Systems from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.29.

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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