Integral Investment Advisors Inc. lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,975 shares of the network equipment provider’s stock after purchasing an additional 264 shares during the quarter. Integral Investment Advisors Inc.’s holdings in Cisco Systems were worth $692,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Howard Capital Management Inc. grew its holdings in shares of Cisco Systems by 6.7% during the second quarter. Howard Capital Management Inc. now owns 118,536 shares of the network equipment provider’s stock worth $8,224,000 after purchasing an additional 7,417 shares in the last quarter. May Hill Capital LLC grew its holdings in shares of Cisco Systems by 15.7% during the second quarter. May Hill Capital LLC now owns 7,120 shares of the network equipment provider’s stock worth $494,000 after purchasing an additional 968 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of Cisco Systems by 1.0% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 193,935 shares of the network equipment provider’s stock worth $13,455,000 after purchasing an additional 2,000 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Cisco Systems by 15.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,396,668 shares of the network equipment provider’s stock worth $96,901,000 after purchasing an additional 189,300 shares in the last quarter. Finally, Rossby Financial LCC boosted its stake in Cisco Systems by 12.3% in the second quarter. Rossby Financial LCC now owns 6,705 shares of the network equipment provider’s stock worth $465,000 after buying an additional 734 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.
Cisco Systems Stock Performance
NASDAQ:CSCO opened at $71.39 on Tuesday. The firm has a market cap of $282.22 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.97 and a beta of 0.97. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The business has a 50 day moving average price of $68.39 and a 200-day moving average price of $65.84.
Cisco Systems Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, October 3rd. Cisco Systems’s dividend payout ratio is currently 62.60%.
Analyst Ratings Changes
CSCO has been the subject of several research reports. Hsbc Global Res lowered Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cisco Systems in a research note on Wednesday, October 8th. Wolfe Research initiated coverage on Cisco Systems in a research note on Tuesday, July 8th. They issued a “peer perform” rating for the company. Wells Fargo & Company upped their target price on Cisco Systems from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Finally, Morgan Stanley upped their target price on Cisco Systems from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $74.72.
Read Our Latest Stock Report on CSCO
Insider Activity at Cisco Systems
In related news, insider Jeetendra I. Patel sold 9,061 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares in the company, valued at $15,811,173. This represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total value of $502,035.24. Following the transaction, the executive vice president owned 161,467 shares of the company’s stock, valued at approximately $10,792,454.28. This represents a 4.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,965 shares of company stock valued at $5,559,996 over the last 90 days. Company insiders own 0.01% of the company’s stock.
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.
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