Segall Bryant & Hamill LLC raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 8.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 201,284 shares of the network equipment provider’s stock after purchasing an additional 16,460 shares during the period. Segall Bryant & Hamill LLC’s holdings in Cisco Systems were worth $8,722,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of CSCO. Chesapeake Wealth Management increased its position in Cisco Systems by 1.2% during the 4th quarter. Chesapeake Wealth Management now owns 19,181 shares of the network equipment provider’s stock worth $831,000 after purchasing an additional 229 shares in the last quarter. Bigelow Investment Advisors LLC increased its position in Cisco Systems by 0.5% during the 4th quarter. Bigelow Investment Advisors LLC now owns 44,515 shares of the network equipment provider’s stock worth $1,929,000 after purchasing an additional 235 shares in the last quarter. Waldron Private Wealth LLC increased its position in Cisco Systems by 1.5% during the 3rd quarter. Waldron Private Wealth LLC now owns 16,212 shares of the network equipment provider’s stock worth $788,000 after purchasing an additional 242 shares in the last quarter. M&R Capital Management Inc. increased its position in Cisco Systems by 1.7% during the 4th quarter. M&R Capital Management Inc. now owns 14,639 shares of the network equipment provider’s stock worth $634,000 after purchasing an additional 242 shares in the last quarter. Finally, Certified Advisory Corp increased its position in Cisco Systems by 3.8% during the 4th quarter. Certified Advisory Corp now owns 6,888 shares of the network equipment provider’s stock worth $298,000 after purchasing an additional 250 shares in the last quarter. 74.60% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ CSCO opened at $56.17 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 52-week low of $40.25 and a 52-week high of $57.56. The company has a market capitalization of $239.12 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 2.85 and a beta of 1.21.
Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.01. Cisco Systems had a net margin of 25.76% and a return on equity of 29.88%. The company had revenue of $12.96 billion for the quarter, compared to analyst estimates of $12.89 billion. During the same period in the prior year, the firm posted $0.66 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, research analysts expect that Cisco Systems, Inc. will post 2.8 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, July 3rd. Cisco Systems’s dividend payout ratio is currently 59.83%.
In other news, EVP Mark D. Chandler sold 1,379 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $55.94, for a total value of $77,141.26. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kelly A. Kramer sold 70,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $53.56, for a total transaction of $3,749,200.00. Following the completion of the sale, the chief financial officer now directly owns 349,122 shares in the company, valued at $18,698,974.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,129 shares of company stock worth $4,035,554. Insiders own 0.03% of the company’s stock.
CSCO has been the subject of a number of research analyst reports. Oppenheimer upped their price objective on shares of Cisco Systems from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. BidaskClub cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 7th. MKM Partners upped their price objective on shares of Cisco Systems to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. KeyCorp upped their price target on shares of Cisco Systems from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, February 14th. Finally, Jefferies Financial Group upped their price target on shares of Cisco Systems from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Cisco Systems currently has a consensus rating of “Buy” and an average target price of $55.92.
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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 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.
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