Flow Traders U.S. LLC purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,995 shares of the network equipment provider’s stock, valued at approximately $902,000.
A number of other hedge funds also recently modified their holdings of the business. Postrock Partners LLC lifted its holdings in Cisco Systems by 4.5% during the 2nd quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider’s stock worth $241,000 after buying an additional 150 shares during the period. Mount Vernon Associates Inc. MD increased its stake in shares of Cisco Systems by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider’s stock valued at $2,871,000 after buying an additional 150 shares during the period. Lion Street Advisors LLC raised its position in shares of Cisco Systems by 0.7% during the second quarter. Lion Street Advisors LLC now owns 20,694 shares of the network equipment provider’s stock worth $1,436,000 after acquiring an additional 152 shares during the last quarter. Boyd Watterson Asset Management LLC OH lifted its stake in shares of Cisco Systems by 1.5% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 10,445 shares of the network equipment provider’s stock worth $725,000 after acquiring an additional 152 shares during the period. Finally, Cordatus Wealth Management LLC boosted its holdings in Cisco Systems by 0.4% in the second quarter. Cordatus Wealth Management LLC now owns 36,370 shares of the network equipment provider’s stock valued at $2,523,000 after acquiring an additional 152 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.
Cisco Systems Stock Up 0.8%
CSCO stock opened at $79.51 on Wednesday. The stock’s 50 day simple moving average is $73.12 and its 200 day simple moving average is $69.44. The company has a market cap of $314.15 billion, a P/E ratio of 29.89, a price-to-earnings-growth ratio of 2.98 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.93. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $80.06.
Cisco Systems Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, January 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 61.65%.
Insider Activity at Cisco Systems
In related news, EVP Deborah L. Stahlkopf sold 164,584 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $77.85, for a total value of $12,812,864.40. Following the sale, the executive vice president owned 196,738 shares in the company, valued at $15,316,053.30. This represents a 45.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thimaya K. Subaiya sold 56,038 shares of Cisco Systems stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $78.33, for a total value of $4,389,456.54. Following the transaction, the executive vice president owned 179,780 shares of the company’s stock, valued at $14,082,167.40. This trade represents a 23.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,024,627 shares of company stock valued at $79,621,482 over the last quarter. 0.01% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Hsbc Global Res downgraded shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. JPMorgan Chase & Co. lifted their target price on shares of Cisco Systems from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. HSBC upped their price target on shares of Cisco Systems from $69.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, November 14th. CICC Research increased their price target on Cisco Systems from $78.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, November 14th. Finally, KeyCorp boosted their price objective on Cisco Systems from $77.00 to $87.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Seventeen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and an average target price of $84.14.
Get Our Latest Stock Report on Cisco Systems
Cisco Systems Profile
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. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.
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