Five Oceans Advisors Grows Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Five Oceans Advisors boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 43.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,358 shares of the network equipment provider’s stock after purchasing an additional 2,225 shares during the period. Five Oceans Advisors’ holdings in Cisco Systems were worth $314,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CSCO. Cordant Inc. purchased a new position in Cisco Systems during the 1st quarter worth $28,000. Advanced Research Investment Solutions LLC boosted its holdings in Cisco Systems by 564.6% in the 1st quarter. Advanced Research Investment Solutions LLC now owns 545 shares of the network equipment provider’s stock valued at $30,000 after purchasing an additional 463 shares in the last quarter. Conrad Siegel Investment Advisors Inc. acquired a new position in Cisco Systems during the 1st quarter worth approximately $33,000. Evolution Advisers Inc. raised its stake in shares of Cisco Systems by 48.2% during the 1st quarter. Evolution Advisers Inc. now owns 781 shares of the network equipment provider’s stock worth $43,000 after buying an additional 254 shares in the last quarter. Finally, PYA Waltman Capital LLC lifted its holdings in shares of Cisco Systems by 445.4% in the 1st quarter. PYA Waltman Capital LLC now owns 769 shares of the network equipment provider’s stock valued at $43,000 after buying an additional 628 shares during the period. 71.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cisco Systems

In related news, SVP Prat Bhatt sold 19,168 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $848,759.04. Following the completion of the sale, the senior vice president now directly owns 38,158 shares of the company’s stock, valued at approximately $1,689,636.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Prat Bhatt sold 19,168 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $848,759.04. Following the transaction, the senior vice president now directly owns 38,158 shares of the company’s stock, valued at approximately $1,689,636.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 12,716 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $47.14, for a total value of $599,432.24. Following the completion of the transaction, the chief executive officer now owns 631,374 shares of the company’s stock, valued at approximately $29,762,970.36. The disclosure for this sale can be found here. Insiders sold 56,317 shares of company stock valued at $2,612,042 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Cisco Systems Trading Down 0.8 %

NASDAQ:CSCO traded down $0.33 during trading hours on Friday, reaching $40.82. 157,874 shares of the company were exchanged, compared to its average volume of 17,932,852. Cisco Systems, Inc. has a 52-week low of $40.82 and a 52-week high of $64.29. The stock has a 50 day simple moving average of $45.11 and a 200 day simple moving average of $47.52. The firm has a market cap of $167.72 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 2.06 and a beta of 0.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 1.33.

Cisco Systems (NASDAQ:CSCOGet Rating) last issued its earnings results on Wednesday, August 17th. The network equipment provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $13.10 billion for the quarter, compared to analysts’ expectations of $12.78 billion. Cisco Systems had a return on equity of 31.12% and a net margin of 22.91%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. As a group, analysts predict that Cisco Systems, Inc. will post 3.1 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be paid a dividend of $0.38 per share. The ex-dividend date is Tuesday, October 4th. This represents a $1.52 annualized dividend and a yield of 3.72%. Cisco Systems’s dividend payout ratio is currently 53.90%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group increased their price objective on Cisco Systems from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, August 18th. Citigroup increased their target price on shares of Cisco Systems from $40.00 to $44.00 and gave the company a “sell” rating in a report on Thursday, August 18th. Raymond James decreased their price target on Cisco Systems from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Thursday, August 18th. Jefferies Financial Group raised their price objective on Cisco Systems from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. Finally, Credit Suisse Group upped their target price on Cisco Systems from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $54.10.

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.

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

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