Regentatlantic Capital LLC trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 229,629 shares of the network equipment provider’s stock after selling 15,892 shares during the period. Cisco Systems makes up approximately 0.9% of Regentatlantic Capital LLC’s investment portfolio, making the stock its 29th largest holding. Regentatlantic Capital LLC’s holdings in Cisco Systems were worth $9,881,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of CSCO. JJJ Advisors Inc. acquired a new position in Cisco Systems during the second quarter worth about $110,000. Certified Advisory Corp acquired a new position in Cisco Systems during the fourth quarter worth about $116,000. Trustcore Financial Services LLC grew its holdings in Cisco Systems by 143.5% during the first quarter. Trustcore Financial Services LLC now owns 3,294 shares of the network equipment provider’s stock worth $141,000 after acquiring an additional 1,941 shares during the period. Smart Portfolios LLC acquired a new position in Cisco Systems during the first quarter worth about $146,000. Finally, Legacy Advisors LLC grew its holdings in Cisco Systems by 597.6% during the second quarter. Legacy Advisors LLC now owns 3,432 shares of the network equipment provider’s stock worth $148,000 after acquiring an additional 2,940 shares during the period. 71.44% of the stock is currently owned by institutional investors.
In other Cisco Systems news, EVP Mark D. Chandler sold 31,842 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $47.20, for a total transaction of $1,502,942.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Irving Tan sold 68,308 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $47.38, for a total value of $3,236,433.04. Following the sale, the senior vice president now owns 150,763 shares of the company’s stock, valued at $7,143,150.94. The disclosure for this sale can be found here. Insiders sold a total of 450,620 shares of company stock worth $21,322,282 in the last three months. 0.05% of the stock is currently owned by company insiders.
A number of research analysts recently issued reports on CSCO shares. BidaskClub lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Piper Jaffray Companies set a $50.00 target price on Cisco Systems and gave the stock a “buy” rating in a report on Monday, July 9th. Zacks Investment Research raised Cisco Systems from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Tuesday, July 17th. Morgan Stanley lowered their target price on Cisco Systems from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, July 19th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and set a $56.00 target price on shares of Cisco Systems in a report on Thursday, August 16th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Cisco Systems presently has a consensus rating of “Buy” and a consensus target price of $48.76.
Shares of CSCO opened at $45.71 on Friday. The stock has a market capitalization of $234.37 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.87 and a beta of 1.07. Cisco Systems, Inc. has a 1-year low of $33.32 and a 1-year high of $49.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.22 and a current ratio of 2.29.
Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 15th. The network equipment provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.01. The firm had revenue of $12.84 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Cisco Systems had a return on equity of 22.12% and a net margin of 0.22%. Cisco Systems’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. As a group, equities analysts forecast that Cisco Systems, Inc. will post 2.67 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Friday, October 5th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $1.32 dividend on an annualized basis and a yield of 2.89%. Cisco Systems’s dividend payout ratio is currently 56.41%.
Cisco Systems Company Profile
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.
See Also: Cash Flow Analysis in Stock Selection
Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO).
Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.