16,140 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Acquired by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. bought a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,140 shares of the network equipment provider’s stock, valued at approximately $996,000.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC boosted its stake in Cisco Systems by 49.5% in the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock valued at $4,392,000 after purchasing an additional 24,562 shares during the period. Revolve Wealth Partners LLC boosted its stake in Cisco Systems by 37.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock valued at $542,000 after purchasing an additional 2,474 shares during the period. Pine Valley Investments Ltd Liability Co boosted its stake in Cisco Systems by 20.2% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 39,675 shares of the network equipment provider’s stock valued at $2,349,000 after purchasing an additional 6,671 shares during the period. Lake Street Advisors Group LLC boosted its stake in Cisco Systems by 3.1% in the 4th quarter. Lake Street Advisors Group LLC now owns 49,797 shares of the network equipment provider’s stock valued at $2,948,000 after purchasing an additional 1,493 shares during the period. Finally, Richard Bernstein Advisors LLC bought a new stake in Cisco Systems in the 4th quarter valued at $3,483,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Maria Victoria Wong sold 762 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $64.07, for a total value of $48,821.34. Following the completion of the sale, the senior vice president now owns 36,937 shares of the company’s stock, valued at approximately $2,366,553.59. This represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Charles Robbins sold 29,784 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $64.61, for a total value of $1,924,344.24. Following the completion of the sale, the chief executive officer now directly owns 688,409 shares of the company’s stock, valued at approximately $44,478,105.49. The trade was a 4.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 97,335 shares of company stock valued at $6,271,054. Company insiders own 0.01% of the company’s stock.

Cisco Systems Price Performance

Shares of CSCO opened at $68.19 on Thursday. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $68.60. The business has a 50-day simple moving average of $62.04 and a two-hundred day simple moving average of $60.95. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. The stock has a market cap of $270.03 billion, a PE ratio of 27.83, a PEG ratio of 4.06 and a beta of 0.88.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. The business had revenue of $14.15 billion during the quarter, compared to analysts’ expectations of $14.05 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.41%. Cisco Systems’s payout ratio is 66.94%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CSCO. Barclays restated an “equal weight” rating on shares of Cisco Systems in a research note on Wednesday, May 21st. JPMorgan Chase & Co. upped their target price on Cisco Systems from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, May 15th. New Street Research reiterated a “neutral” rating and set a $70.00 target price on shares of Cisco Systems in a research report on Friday, May 16th. Evercore ISI upped their target price on Cisco Systems from $67.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th. Finally, Wells Fargo & Company upgraded Cisco Systems from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $72.00 to $75.00 in a research report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.11.

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 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.