Juncture Wealth Strategies LLC grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,200 shares of the network equipment provider’s stock after buying an additional 1,100 shares during the quarter. Juncture Wealth Strategies LLC’s holdings in Cisco Systems were worth $850,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Evolution Wealth Advisors LLC bought a new position in Cisco Systems in the second quarter valued at about $33,000. Lowe Wealth Advisors LLC acquired a new stake in shares of Cisco Systems during the second quarter worth about $38,000. Personal Wealth Partners acquired a new stake in shares of Cisco Systems during the second quarter worth about $44,000. Ashburton Jersey Ltd acquired a new stake in shares of Cisco Systems during the second quarter worth about $49,000. Finally, Cohen & Steers Inc. acquired a new stake in shares of Cisco Systems during the fourth quarter worth about $51,000. Institutional investors own 73.31% of the company’s stock.
A number of brokerages recently issued reports on CSCO. Bank of America reissued a “buy” rating and issued a $62.00 target price on shares of Cisco Systems in a research report on Wednesday, July 10th. Morgan Stanley dropped their target price on Cisco Systems from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 15th. Royal Bank of Canada dropped their target price on Cisco Systems from $64.00 to $53.00 and set an “outperform” rating on the stock in a research report on Thursday, August 15th. KeyCorp dropped their target price on Cisco Systems from $60.00 to $56.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Finally, UBS Group set a $58.00 target price on Cisco Systems and gave the company a “buy” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. Cisco Systems presently has an average rating of “Buy” and an average price target of $56.04.
In other news, CFO Kelly A. Kramer sold 70,000 shares of Cisco Systems stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $46.72, for a total transaction of $3,270,400.00. Following the completion of the transaction, the chief financial officer now directly owns 277,548 shares in the company, valued at approximately $12,967,042.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Chandler sold 546 shares of Cisco Systems stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $47.92, for a total value of $26,164.32. The disclosure for this sale can be found here. Insiders have sold a total of 193,130 shares of company stock valued at $9,359,179 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:CSCO traded up $0.84 during trading on Friday, hitting $46.99. 4,126,849 shares of the company were exchanged, compared to its average volume of 19,983,844. The stock has a market cap of $196.94 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 2.24 and a beta of 1.28. Cisco Systems, Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $58.26. The firm has a fifty day moving average price of $48.15 and a two-hundred day moving average price of $53.22. The company has a current ratio of 1.51, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43.
Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The firm had revenue of $13.43 billion for the quarter, compared to analyst estimates of $13.39 billion. Cisco Systems had a return on equity of 32.43% and a net margin of 22.39%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 EPS. As a group, research analysts predict that Cisco Systems, Inc. will post 3.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Friday, October 4th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is 49.12%.
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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