New England Professional Planning Group Inc. Takes Position in Cisco Systems, Inc. (NASDAQ:CSCO)

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New England Professional Planning Group Inc. purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,176 shares of the network equipment provider’s stock, valued at approximately $297,000.

Several other large investors have also recently made changes to their positions in CSCO. Cordasco Financial Network boosted its holdings in Cisco Systems by 78.4% during the third quarter. Cordasco Financial Network now owns 1,142 shares of the network equipment provider’s stock valued at $56,000 after acquiring an additional 502 shares during the period. Candriam Luxembourg S.C.A. grew its position in shares of Cisco Systems by 21.1% in the third quarter. Candriam Luxembourg S.C.A. now owns 1,483,927 shares of the network equipment provider’s stock valued at $75,000 after purchasing an additional 258,073 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Cisco Systems by 408.5% in the third quarter. Larson Financial Group LLC now owns 1,561 shares of the network equipment provider’s stock valued at $77,000 after purchasing an additional 1,254 shares during the last quarter. Phocas Financial Corp. bought a new position in shares of Cisco Systems in the second quarter worth about $82,000. Finally, Neo Ivy Capital Management bought a new position in shares of Cisco Systems in the second quarter worth about $89,000. Institutional investors and hedge funds own 72.55% of the company’s stock.

CSCO has been the subject of several research analyst reports. William Blair reissued a “market perform” rating on shares of Cisco Systems in a research report on Thursday, November 14th. Piper Jaffray Companies downgraded Cisco Systems from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $51.00 in a research report on Monday, November 11th. Goldman Sachs Group set a $48.00 price target on Cisco Systems and gave the stock a “neutral” rating in a report on Thursday, November 14th. KeyCorp reduced their price objective on Cisco Systems from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. Finally, Royal Bank of Canada set a $56.00 price objective on Cisco Systems and gave the company a “buy” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $54.69.

In other Cisco Systems news, CEO Charles Robbins sold 12,597 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $44.81, for a total value of $564,471.57. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Irving Tan sold 10,733 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $44.81, for a total value of $480,945.73. Following the completion of the sale, the executive vice president now owns 172,199 shares in the company, valued at $7,716,237.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 388,864 shares of company stock worth $17,474,321. 0.03% of the stock is owned by company insiders.

CSCO opened at $48.01 on Thursday. The stock’s 50 day simple moving average is $46.45 and its 200-day simple moving average is $49.14. The company has a current ratio of 1.70, a quick ratio of 1.64 and a debt-to-equity ratio of 0.42. The stock has a market cap of $202.74 billion, a PE ratio of 16.85, a P/E/G ratio of 2.78 and a beta of 1.23. Cisco Systems, Inc. has a 1 year low of $43.40 and a 1 year high of $58.26.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.03. Cisco Systems had a net margin of 21.15% and a return on equity of 35.01%. The firm had revenue of $13.16 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. Equities analysts forecast that Cisco Systems, Inc. will post 2.94 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, January 2nd. Cisco Systems’s payout ratio is 49.12%.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

Further Reading: What does cost of debt say about a company’s financial health?

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

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