Bainco International Investors increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174,107 shares of the network equipment provider’s stock after purchasing an additional 9,681 shares during the quarter. Bainco International Investors’ holdings in Cisco Systems were worth $5,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. Southeast Asset Advisors Inc. raised its holdings in Cisco Systems by 0.5% in the 1st quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock worth $312,000 after purchasing an additional 44 shares during the period. Opes Advisors Inc raised its stake in shares of Cisco Systems by 0.6% in the second quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock valued at $236,000 after acquiring an additional 44 shares in the last quarter. Leisure Capital Management raised its stake in shares of Cisco Systems by 0.6% in the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock valued at $233,000 after acquiring an additional 48 shares in the last quarter. Ronald Blue & Co. LLC grew its holdings in shares of Cisco Systems by 0.3% during the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock worth $561,000 after purchasing an additional 57 shares during the last quarter. Finally, Banced Corp grew its holdings in shares of Cisco Systems by 0.4% during the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock worth $442,000 after purchasing an additional 59 shares during the last quarter. 75.55% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on CSCO shares. Royal Bank of Canada reissued a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a research note on Wednesday, November 15th. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 price objective on the stock. in a report on Monday, September 25th. BidaskClub upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 5th. BMO Capital Markets restated a “hold” rating and issued a $32.00 target price on shares of Cisco Systems in a research note on Thursday, September 28th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $35.00 price objective on shares of Cisco Systems in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $37.93.
Shares of Cisco Systems, Inc. (NASDAQ CSCO) traded up $0.77 during mid-day trading on Friday, hitting $40.87. 23,712,990 shares of the stock were exchanged, compared to its average volume of 20,490,000. The company has a market capitalization of $202,050.00, a price-to-earnings ratio of 21.18, a PEG ratio of 3.63 and a beta of 1.19. Cisco Systems, Inc. has a twelve month low of $29.84 and a twelve month high of $40.93. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87.
Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The business had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. equities analysts predict that Cisco Systems, Inc. will post 2.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.16 annualized dividend and a dividend yield of 2.84%. Cisco Systems’s dividend payout ratio is currently 60.10%.
In related news, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total value of $9,125,000.00. Following the transaction, the insider now directly owns 712,736 shares in the company, valued at $26,014,864. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Karen Walker sold 5,786 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the sale, the senior vice president now directly owns 176,418 shares of the company’s stock, valued at approximately $6,437,492.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 348,643 shares of company stock worth $12,892,271. Corporate insiders own 0.05% of the company’s stock.
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Cisco Systems Profile
Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).
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