Narus Financial Partners LLC Buys 245 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Narus Financial Partners LLC grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,791 shares of the network equipment provider’s stock after purchasing an additional 245 shares during the quarter. Narus Financial Partners LLC’s holdings in Cisco Systems were worth $289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CSCO. Caxton Associates LP purchased a new position in Cisco Systems during the 3rd quarter worth $295,000. Schonfeld Strategic Advisors LLC increased its position in shares of Cisco Systems by 586.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 127,776 shares of the network equipment provider’s stock valued at $6,869,000 after acquiring an additional 109,164 shares during the period. Hodges Capital Management Inc. purchased a new position in Cisco Systems in the 3rd quarter worth $956,000. Quadrature Capital Ltd lifted its position in Cisco Systems by 55.9% during the 3rd quarter. Quadrature Capital Ltd now owns 174,810 shares of the network equipment provider’s stock worth $9,396,000 after acquiring an additional 62,671 shares during the period. Finally, Axxcess Wealth Management LLC raised its stake in shares of Cisco Systems by 109.9% in the third quarter. Axxcess Wealth Management LLC now owns 124,703 shares of the network equipment provider’s stock worth $6,704,000 after purchasing an additional 65,299 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Down 0.5 %

CSCO stock traded down $0.24 during mid-day trading on Tuesday, reaching $47.28. The company had a trading volume of 6,581,477 shares, compared to its average volume of 19,640,881. The firm has a fifty day simple moving average of $47.06 and a 200 day simple moving average of $48.78. The company has a market capitalization of $190.48 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 2.75 and a beta of 0.85. Cisco Systems, Inc. has a fifty-two week low of $44.95 and a fifty-two week high of $58.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.89.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. The business had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $12.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 EPS. Analysts forecast that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.38%. Cisco Systems’s payout ratio is 53.87%.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 26,331 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $46.10, for a total value of $1,213,859.10. Following the transaction, the chief executive officer now owns 725,363 shares in the company, valued at approximately $33,439,234.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Maria Victoria Wong sold 3,378 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $45.89, for a total value of $155,016.42. Following the sale, the senior vice president now owns 52,953 shares in the company, valued at approximately $2,430,013.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 26,331 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $46.10, for a total transaction of $1,213,859.10. Following the completion of the sale, the chief executive officer now directly owns 725,363 shares in the company, valued at approximately $33,439,234.30. The disclosure for this sale can be found here. Insiders sold a total of 41,106 shares of company stock worth $1,908,923 in the last 90 days. Company insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CSCO shares. Bank of America upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and increased their price target for the stock from $55.00 to $60.00 in a report on Monday, April 15th. StockNews.com downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. JPMorgan Chase & Co. started coverage on Cisco Systems in a research note on Monday, April 22nd. They set a “neutral” rating and a $53.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their target price on Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research report on Monday, June 10th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Cisco Systems has a consensus rating of “Hold” and a consensus target price of $56.47.

Cisco Systems Profile

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.