Buck Wealth Strategies LLC Has $7.72 Million Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Buck Wealth Strategies LLC boosted its position in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 33.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 152,775 shares of the network equipment provider’s stock after purchasing an additional 38,015 shares during the period. Cisco Systems comprises 2.9% of Buck Wealth Strategies LLC’s holdings, making the stock its 11th largest position. Buck Wealth Strategies LLC’s holdings in Cisco Systems were worth $7,718,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kathleen S. Wright Associates Inc. bought a new stake in shares of Cisco Systems during the 3rd quarter worth about $27,000. Valued Wealth Advisors LLC acquired a new position in shares of Cisco Systems in the fourth quarter valued at approximately $32,000. Fortis Capital Advisors LLC bought a new position in shares of Cisco Systems during the fourth quarter worth approximately $34,000. Hibernia Wealth Partners LLC acquired a new stake in Cisco Systems during the 3rd quarter worth approximately $42,000. Finally, VitalStone Financial LLC bought a new stake in Cisco Systems in the 2nd quarter valued at $45,000. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the sale, the executive vice president now owns 191,559 shares in the company, valued at approximately $9,579,865.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the sale, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the transaction, the executive vice president now owns 191,559 shares in the company, valued at $9,579,865.59. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CSCO shares. Melius Research reissued a “hold” rating and set a $55.00 target price on shares of Cisco Systems in a report on Monday, January 8th. UBS Group increased their target price on shares of Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Wells Fargo & Company assumed coverage on Cisco Systems in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price target for the company. Melius lowered Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, StockNews.com downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $56.42.

Get Our Latest Report on Cisco Systems

Cisco Systems Stock Down 1.4 %

NASDAQ CSCO traded down $0.68 on Tuesday, hitting $49.36. 16,407,502 shares of the company were exchanged, compared to its average volume of 19,797,893. Cisco Systems, Inc. has a 12 month low of $45.56 and a 12 month high of $58.19. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. The company has a market cap of $199.87 billion, a PE ratio of 15.05, a PEG ratio of 2.26 and a beta of 0.87. The stock has a fifty day moving average of $49.70 and a 200-day moving average of $50.75.

Cisco Systems (NASDAQ:CSCOGet Free Report) last issued its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The company had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same period last year, the business posted $0.76 EPS. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, analysts forecast that Cisco Systems, Inc. will post 3.16 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.60 annualized dividend and a yield of 3.24%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio (DPR) is presently 47.42%.

Cisco Systems Company Profile

(Free Report)

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. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

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

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