Doliver Capital Advisors LP Takes Position in Cisco Systems, Inc. (CSCO)
Doliver Capital Advisors LP acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,661 shares of the network equipment provider’s stock, valued at approximately $271,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in Cisco Systems during the 2nd quarter worth approximately $231,000. Barnett & Company Inc. lifted its holdings in Cisco Systems by 1,511.5% in the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after acquiring an additional 3,023 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in Cisco Systems by 36.1% in the second quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after acquiring an additional 878 shares during the last quarter. Manchester Capital Management LLC lifted its stake in Cisco Systems by 10.7% during the second quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after purchasing an additional 350 shares in the last quarter. Finally, Watermark Asset Management Inc. purchased a new stake in shares of Cisco Systems during the first quarter worth $122,000. 75.79% of the stock is currently owned by institutional investors and hedge funds.
Cisco Systems, Inc. (NASDAQ:CSCO) opened at $37.61 on Friday. The firm has a market cap of $184,891.47, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. Cisco Systems, Inc. has a 12 month low of $29.73 and a 12 month high of $38.03.
Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The firm had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. equities research analysts expect that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.
In related news, SVP Karen Walker sold 23,110 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction of $740,906.60. Following the completion of the sale, the senior vice president now directly owns 192,774 shares of the company’s stock, valued at approximately $6,180,334.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Prat Bhatt sold 2,606 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $95,092.94. Following the sale, the chief accounting officer now directly owns 89,184 shares of the company’s stock, valued at $3,254,324.16. The disclosure for this sale can be found here. Insiders sold 493,530 shares of company stock valued at $16,993,798 over the last three months. Insiders own 0.05% of the company’s stock.
Several equities analysts have issued reports on the stock. JMP Securities restated a “market perform” rating on shares of Cisco Systems in a research note on Friday, August 18th. Stifel Nicolaus set a $34.00 price objective on shares of Cisco Systems and gave the company a “hold” rating in a research report on Tuesday, August 15th. Bank of America reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Cisco Systems in a report on Friday, August 18th. BidaskClub raised shares of Cisco Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Vetr cut shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 target price for the company. in a research note on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $36.90.
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Cisco Systems Company 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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