Tatro Capital LLC boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,602 shares of the network equipment provider’s stock after acquiring an additional 466 shares during the quarter. Tatro Capital LLC’s holdings in Cisco Systems were worth $355,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of CSCO. Financial Advocates Investment Management raised its position in shares of Cisco Systems by 0.5% in the 4th quarter. Financial Advocates Investment Management now owns 40,313 shares of the network equipment provider’s stock worth $1,933,000 after acquiring an additional 204 shares in the last quarter. Calton & Associates Inc. raised its position in shares of Cisco Systems by 1.6% in the 1st quarter. Calton & Associates Inc. now owns 14,771 shares of the network equipment provider’s stock worth $581,000 after acquiring an additional 239 shares in the last quarter. McAdam LLC increased its position in Cisco Systems by 2.1% during the 1st quarter. McAdam LLC now owns 11,735 shares of the network equipment provider’s stock valued at $461,000 after buying an additional 245 shares in the last quarter. JOYN Advisors Inc. increased its position in Cisco Systems by 3.4% during the 1st quarter. JOYN Advisors Inc. now owns 7,576 shares of the network equipment provider’s stock valued at $298,000 after buying an additional 246 shares in the last quarter. Finally, Ellevest Inc. increased its position in Cisco Systems by 13.2% during the 1st quarter. Ellevest Inc. now owns 2,151 shares of the network equipment provider’s stock valued at $85,000 after buying an additional 250 shares in the last quarter. 71.52% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently issued reports on CSCO shares. TheStreet raised Cisco Systems from a “c+” rating to a “b-” rating in a research report on Thursday, June 4th. Nomura upped their target price on Cisco Systems from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Citigroup upped their target price on Cisco Systems from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Credit Suisse Group boosted their price target on Cisco Systems from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Argus reiterated a “buy” rating on shares of Cisco Systems in a research note on Thursday, March 26th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have issued a buy rating to the stock. Cisco Systems has a consensus rating of “Hold” and an average price target of $50.70.
In related news, CAO Prat Bhatt sold 5,703 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $44.87, for a total value of $255,893.61. Following the completion of the sale, the chief accounting officer now owns 85,613 shares of the company’s stock, valued at $3,841,455.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.
Shares of Cisco Systems stock traded up $0.98 during mid-day trading on Thursday, reaching $46.79. 297,439 shares of the stock traded hands, compared to its average volume of 25,736,568. The business has a 50-day moving average of $45.99 and a 200 day moving average of $44.29. Cisco Systems, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $58.26. The stock has a market capitalization of $192.66 billion, a PE ratio of 18.18, a PEG ratio of 2.96 and a beta of 0.98. The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 0.32.
Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, May 13th. The network equipment provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. Cisco Systems had a return on equity of 36.47% and a net margin of 21.32%. The business had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.87 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. On average, equities research analysts expect that Cisco Systems, Inc. will post 2.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Monday, July 6th will be issued a $0.36 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.44 annualized dividend and a dividend yield of 3.08%. Cisco Systems’s dividend payout ratio is presently 50.53%.
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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