YorkBridge Wealth Partners LLC Acquires 1,728 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

YorkBridge Wealth Partners LLC grew its position in Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 7.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,212 shares of the network equipment provider’s stock after purchasing an additional 1,728 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Cisco Systems were worth $1,118,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ballast Advisors LLC boosted its stake in shares of Cisco Systems by 4.0% in the 1st quarter. Ballast Advisors LLC now owns 8,632 shares of the network equipment provider’s stock valued at $481,000 after purchasing an additional 334 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of Cisco Systems by 137.4% in the 2nd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,185,999 shares of the network equipment provider’s stock valued at $50,583,000 after acquiring an additional 686,379 shares during the last quarter. Fortem Financial Group LLC grew its position in shares of Cisco Systems by 8.6% in the 1st quarter. Fortem Financial Group LLC now owns 35,631 shares of the network equipment provider’s stock valued at $1,987,000 after purchasing an additional 2,832 shares during the period. Pure Financial Advisors LLC grew its position in shares of Cisco Systems by 4.9% in the 1st quarter. Pure Financial Advisors LLC now owns 6,195 shares of the network equipment provider’s stock valued at $345,000 after purchasing an additional 287 shares during the period. Finally, Harbor Investment Advisory LLC boosted its position in Cisco Systems by 1.2% during the 1st quarter. Harbor Investment Advisory LLC now owns 27,554 shares of the network equipment provider’s stock worth $1,536,000 after acquiring an additional 338 shares during the last quarter. Institutional investors own 71.71% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In related news, SVP Prat Bhatt sold 19,168 shares of Cisco Systems stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $44.28, for a total value of $848,759.04. Following the completion of the sale, the senior vice president now owns 38,158 shares in the company, valued at approximately $1,689,636.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Cisco Systems news, SVP Prat Bhatt sold 19,168 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $44.28, for a total value of $848,759.04. Following the completion of the transaction, the senior vice president now 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 Securities & Exchange Commission, which is accessible through this link. Also, COO Maria Martinez sold 2,831 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $48.39, for a total transaction of $136,992.09. Following the completion of the transaction, the chief operating officer now directly owns 278,012 shares of the company’s stock, valued at approximately $13,453,000.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,317 shares of company stock worth $2,612,042. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Credit Suisse Group increased their price target on Cisco Systems from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, August 18th. KGI Securities raised Cisco Systems from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 31st. Rosenblatt Securities lifted their price target on Cisco Systems from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, August 18th. Raymond James lowered their price objective on Cisco Systems from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, August 18th. Finally, TheStreet downgraded Cisco Systems from a “b” rating to a “c+” rating in a report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $54.10.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $41.15 on Friday. Cisco Systems, Inc. has a one year low of $40.82 and a one year high of $64.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.43. The firm has a market cap of $169.08 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 2.06 and a beta of 0.96. The firm’s fifty day moving average is $45.11 and its two-hundred day moving average is $47.52.

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

Cisco Systems Announces Dividend

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 issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.52 dividend on an annualized basis and a yield of 3.69%. Cisco Systems’s payout ratio is 53.90%.

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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