Cisco Systems, Inc. (CSCO) Shares Bought by Naples Global Advisors LLC
Naples Global Advisors LLC lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,535 shares of the network equipment provider’s stock after purchasing an additional 400 shares during the period. Naples Global Advisors LLC’s holdings in Cisco Systems were worth $1,425,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. First Command Financial Services Inc. lifted its position in Cisco Systems by 1.5% during the 1st quarter. First Command Financial Services Inc. now owns 11,187 shares of the network equipment provider’s stock valued at $378,000 after acquiring an additional 166 shares during the period. Winslow Evans & Crocker Inc. lifted its position in Cisco Systems by 2.2% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 35,754 shares of the network equipment provider’s stock valued at $1,208,000 after acquiring an additional 780 shares during the period. American National Bank lifted its position in Cisco Systems by 3.8% during the 1st quarter. American National Bank now owns 196,107 shares of the network equipment provider’s stock valued at $6,628,000 after acquiring an additional 7,244 shares during the period. Atria Investments LLC lifted its position in Cisco Systems by 10.2% during the 1st quarter. Atria Investments LLC now owns 144,190 shares of the network equipment provider’s stock valued at $4,874,000 after acquiring an additional 13,300 shares during the period. Finally, Integrated Wealth Management lifted its position in Cisco Systems by 4.0% during the 1st quarter. Integrated Wealth Management now owns 19,605 shares of the network equipment provider’s stock valued at $663,000 after acquiring an additional 760 shares during the period. 75.37% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on CSCO shares. Morgan Stanley set a $39.00 price target on shares of Cisco Systems and gave the company a “buy” rating in a research report on Monday, May 29th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $40.00 target price on shares of Cisco Systems in a report on Tuesday, June 13th. Drexel Hamilton reaffirmed a “buy” rating and issued a $39.00 target price on shares of Cisco Systems in a report on Sunday, June 25th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Cisco Systems in a report on Monday, June 26th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $37.50 target price on shares of Cisco Systems in a report on Monday, June 26th. Fifteen investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Cisco Systems has an average rating of “Buy” and a consensus target price of $35.50.
In other Cisco Systems news, SVP Karen Walker sold 23,110 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $740,906.60. Following the transaction, the senior vice president now owns 192,774 shares in the company, valued at approximately $6,180,334.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Prat Bhatt sold 25,638 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $821,954.28. Following the completion of the transaction, the chief accounting officer now owns 119,996 shares in the company, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. Insiders sold a total of 485,138 shares of company stock worth $15,347,574 in the last 90 days. 0.11% of the stock is currently owned by insiders.
Cisco Systems, Inc. (NASDAQ CSCO) traded up 0.3575% during midday trading on Monday, reaching $33.4893. 13,243,730 shares of the company were exchanged. Cisco Systems, Inc. has a 52 week low of $29.12 and a 52 week high of $34.60. The stock has a market capitalization of $165.84 billion, a P/E ratio of 17.6259 and a beta of 1.19. The firm’s 50 day moving average price is $31.72 and its 200-day moving average price is $32.41.
Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. The company had revenue of $12.13 billion for the quarter, compared to analyst estimates of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. Equities analysts forecast that Cisco Systems, Inc. will post $2.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.16 dividend on an annualized basis and a yield of 3.48%. Cisco Systems’s payout ratio is currently 60.73%.
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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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