Cypress Capital LLC Has $13.25 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Cypress Capital LLC grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 237,650 shares of the network equipment provider’s stock after acquiring an additional 4,346 shares during the period. Cisco Systems accounts for approximately 1.7% of Cypress Capital LLC’s holdings, making the stock its 16th largest position. Cypress Capital LLC’s holdings in Cisco Systems were worth $13,251,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sandy Cove Advisors LLC acquired a new stake in shares of Cisco Systems during the 4th quarter worth about $33,000. Evolution Advisers Inc. acquired a new stake in shares of Cisco Systems during the 4th quarter worth about $33,000. Regency Capital Management Inc. DE acquired a new stake in shares of Cisco Systems during the 4th quarter worth about $34,000. Steward Financial Group LLC acquired a new stake in Cisco Systems in the 4th quarter valued at about $36,000. Finally, Conrad Siegel Investment Advisors Inc. acquired a new stake in Cisco Systems in the 1st quarter valued at about $33,000. 73.18% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Prat Bhatt sold 3,700 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $43.34, for a total value of $160,358.00. Following the completion of the transaction, the senior vice president now owns 80,784 shares of the company’s stock, valued at $3,501,178.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Charles Robbins sold 12,717 shares of the company’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $43.79, for a total value of $556,877.43. Following the sale, the chief executive officer now directly owns 651,577 shares in the company, valued at $28,532,556.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Prat Bhatt sold 3,700 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $43.34, for a total value of $160,358.00. Following the completion of the sale, the senior vice president now owns 80,784 shares in the company, valued at $3,501,178.56. The disclosure for this sale can be found here. Insiders sold 25,326 shares of company stock valued at $1,103,159 over the last quarter. 0.02% of the stock is owned by company insiders.

Cisco Systems Stock Down 0.8 %

Shares of NASDAQ CSCO opened at $45.01 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.40 and a debt-to-equity ratio of 0.21. The company has a market cap of $186.38 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 2.23 and a beta of 0.97. Cisco Systems, Inc. has a 12 month low of $40.82 and a 12 month high of $64.29. The stock has a 50-day moving average price of $43.96 and a two-hundred day moving average price of $49.96.

Cisco Systems (NASDAQ:CSCOGet Rating) last issued its earnings results on Wednesday, May 18th. The network equipment provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. The firm had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $13.33 billion. Cisco Systems had a return on equity of 31.22% and a net margin of 23.28%. During the same quarter in the previous year, the firm earned $0.75 earnings per share. As a group, analysts forecast that Cisco Systems, Inc. will post 3 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Tuesday, July 5th. Cisco Systems’s dividend payout ratio is currently 53.33%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $51.00 price objective (down previously from $62.00) on shares of Cisco Systems in a research report on Thursday, July 14th. Jefferies Financial Group reduced their target price on shares of Cisco Systems from $65.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, May 19th. Morgan Stanley reduced their price objective on shares of Cisco Systems from $59.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 19th. Credit Suisse Group dropped their target price on shares of Cisco Systems from $72.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, May 19th. Finally, Cowen dropped their target price on shares of Cisco Systems to $58.00 and set a “neutral” rating on the stock in a report on Thursday, May 19th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $54.23.

Cisco Systems Company Profile

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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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

See Also

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

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