San Luis Wealth Advisors LLC Increases Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

San Luis Wealth Advisors LLC boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 112.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,030 shares of the network equipment provider’s stock after buying an additional 8,474 shares during the quarter. San Luis Wealth Advisors LLC’s holdings in Cisco Systems were worth $853,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Albion Financial Group UT boosted its stake in shares of Cisco Systems by 1.1% in the 3rd quarter. Albion Financial Group UT now owns 158,383 shares of the network equipment provider’s stock worth $8,429,000 after buying an additional 1,682 shares during the last quarter. Watts Gwilliam & Co. LLC bought a new stake in Cisco Systems during the third quarter worth $1,041,000. LifePro Asset Management purchased a new position in Cisco Systems in the third quarter worth $539,000. GEM Asset Management LLC grew its stake in Cisco Systems by 4.9% in the 3rd quarter. GEM Asset Management LLC now owns 7,512 shares of the network equipment provider’s stock valued at $394,000 after purchasing an additional 352 shares during the period. Finally, Quotient Wealth Partners LLC increased its position in shares of Cisco Systems by 9.1% during the 3rd quarter. Quotient Wealth Partners LLC now owns 8,391 shares of the network equipment provider’s stock valued at $447,000 after purchasing an additional 698 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insider Transactions at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 27,143 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the sale, the chief executive officer now owns 683,403 shares in the company, valued at $33,794,278.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Charles Robbins sold 27,143 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $49.45, for a total value of $1,342,221.35. Following the completion of the sale, the chief executive officer now owns 683,403 shares of the company’s stock, valued at approximately $33,794,278.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 8,270 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $50.33, for a total transaction of $416,229.10. Following the completion of the sale, the executive vice president now directly owns 135,544 shares of the company’s stock, valued at $6,821,929.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,529 shares of company stock valued at $3,509,049. Insiders own 0.02% of the company’s stock.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $53.54 on Friday. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $54.58. The stock has a fifty day moving average of $49.99 and a 200 day moving average of $48.37. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market capitalization of $213.66 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 4.22 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter last year, the company posted $1.01 EPS. On average, research analysts expect that Cisco Systems, Inc. will post 2.9 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Wednesday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 62.99%.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of research analyst reports. HSBC raised shares of Cisco Systems from a “hold” rating to a “buy” rating and boosted their price target for the stock from $46.00 to $58.00 in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Cisco Systems from $52.00 to $53.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Jefferies Financial Group dropped their price objective on Cisco Systems from $56.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Barclays reduced their price objective on Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday, August 15th. Finally, Rosenblatt Securities upped their price target on Cisco Systems from $56.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cisco Systems presently has a consensus rating of “Hold” and an average target price of $55.00.

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.