1,315 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Purchased by WFA of San Diego LLC

WFA of San Diego LLC bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,315 shares of the network equipment provider’s stock, valued at approximately $68,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Delta Financial Advisors LLC increased its stake in shares of Cisco Systems by 2.3% in the second quarter. Delta Financial Advisors LLC now owns 8,668 shares of the network equipment provider’s stock valued at $448,000 after purchasing an additional 192 shares during the period. Pflug Koory LLC boosted its holdings in shares of Cisco Systems by 0.5% in the second quarter. Pflug Koory LLC now owns 41,514 shares of the network equipment provider’s stock valued at $2,148,000 after acquiring an additional 195 shares in the last quarter. Intercontinental Wealth Advisors LLC boosted its holdings in shares of Cisco Systems by 1.5% in the second quarter. Intercontinental Wealth Advisors LLC now owns 13,608 shares of the network equipment provider’s stock valued at $704,000 after acquiring an additional 197 shares in the last quarter. WT Wealth Management boosted its holdings in shares of Cisco Systems by 3.8% in the second quarter. WT Wealth Management now owns 5,490 shares of the network equipment provider’s stock valued at $284,000 after acquiring an additional 200 shares in the last quarter. Finally, Mezzasalma Advisors LLC boosted its holdings in shares of Cisco Systems by 1.8% in the second quarter. Mezzasalma Advisors LLC now owns 11,370 shares of the network equipment provider’s stock valued at $588,000 after acquiring an additional 200 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Up 1.1 %

CSCO stock opened at $48.27 on Tuesday. The company has a market cap of $195.73 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 2.37 and a beta of 0.98. The company has a 50 day moving average of $53.21 and a two-hundred day moving average of $52.33. The company has a quick ratio of 1.27, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Cisco Systems, Inc. has a 12-month low of $45.56 and a 12-month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.20. The business had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 23.40% and a return on equity of 34.92%. Cisco Systems’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. On average, equities analysts anticipate that Cisco Systems, Inc. will post 3.57 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Thursday, January 4th will be issued a $0.39 dividend. The ex-dividend date is Wednesday, January 3rd. This represents a $1.56 annualized dividend and a yield of 3.23%. Cisco Systems’s dividend payout ratio (DPR) is presently 47.13%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CSCO shares. DZ Bank cut shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a report on Friday. Barclays raised their target price on shares of Cisco Systems from $51.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, August 17th. StockNews.com initiated coverage on shares of Cisco Systems in a report on Thursday, October 5th. They set a “buy” rating for the company. Morgan Stanley raised their target price on shares of Cisco Systems from $55.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, August 17th. Finally, Jefferies Financial Group raised their target price on shares of Cisco Systems from $54.00 to $59.50 and gave the stock a “buy” rating in a report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $58.38.

Insider Buying and Selling

In related news, EVP Deborah L. Stahlkopf sold 3,022 shares of Cisco Systems stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $56.22, for a total value of $169,896.84. Following the transaction, the executive vice president now owns 169,396 shares in the company, valued at approximately $9,523,443.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.02% of the company’s stock.

About Cisco Systems

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.