Schaper Benz & Wise Investment Counsel Inc. WI Grows Position in Cisco Systems, Inc. (CSCO)

Schaper Benz & Wise Investment Counsel Inc. WI boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 502,483 shares of the network equipment provider’s stock after buying an additional 15,316 shares during the quarter. Cisco Systems makes up 2.6% of Schaper Benz & Wise Investment Counsel Inc. WI’s holdings, making the stock its 6th biggest position. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Cisco Systems were worth $16,899,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CSCO. Smith Salley & Associates grew its position in shares of Cisco Systems by 1.4% in the third quarter. Smith Salley & Associates now owns 321,519 shares of the network equipment provider’s stock valued at $10,812,000 after purchasing an additional 4,577 shares during the period. Vantage Financial Partners Ltd. Inc. grew its position in shares of Cisco Systems by 52.9% in the third quarter. Vantage Financial Partners Ltd. Inc. now owns 11,260 shares of the network equipment provider’s stock valued at $381,000 after purchasing an additional 3,895 shares during the period. Golub Group LLC grew its position in shares of Cisco Systems by 32.0% in the third quarter. Golub Group LLC now owns 42,150 shares of the network equipment provider’s stock valued at $1,418,000 after purchasing an additional 10,230 shares during the period. Boston Partners grew its position in shares of Cisco Systems by 1.1% in the third quarter. Boston Partners now owns 30,401,385 shares of the network equipment provider’s stock valued at $1,022,399,000 after purchasing an additional 329,474 shares during the period. Finally, Annex Advisory Services LLC grew its position in shares of Cisco Systems by 8.6% in the third quarter. Annex Advisory Services LLC now owns 29,368 shares of the network equipment provider’s stock valued at $988,000 after purchasing an additional 2,328 shares during the period. Institutional investors own 75.60% of the company’s stock.

In related news, SVP Rebecca Jacoby sold 75,021 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total transaction of $2,882,306.82. Following the sale, the senior vice president now directly owns 257,476 shares of the company’s stock, valued at approximately $9,892,227.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Roderick C. Mcgeary sold 15,230 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.00, for a total transaction of $578,740.00. Following the sale, the director now directly owns 113,154 shares in the company, valued at $4,299,852. The disclosure for this sale can be found here. Insiders sold a total of 348,643 shares of company stock worth $12,892,271 over the last three months. Insiders own 0.05% of the company’s stock.

CSCO has been the topic of several research analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a research report on Wednesday, November 15th. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 target price on the stock. in a research report on Monday, September 25th. BidaskClub upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. BMO Capital Markets restated a “hold” rating and set a $32.00 price target on shares of Cisco Systems in a research report on Thursday, September 28th. Finally, Credit Suisse Group restated a “hold” rating and set a $35.00 price target on shares of Cisco Systems in a research report on Friday, October 6th. Twelve equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $38.47.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $41.20 on Thursday. The stock has a market cap of $203,680.00, a P/E ratio of 21.35, a PEG ratio of 3.67 and a beta of 1.19. Cisco Systems, Inc. has a 52 week low of $29.92 and a 52 week high of $41.32. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. sell-side analysts anticipate that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Thursday, January 4th. Cisco Systems’s dividend payout ratio (DPR) is 60.10%.

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About Cisco Systems

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).

Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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