Cisco Systems, Inc. (NASDAQ:CSCO) Position Boosted by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 7.6% in the 3rd quarter, Holdings Channel reports. The firm owned 11,793 shares of the network equipment provider’s stock after buying an additional 836 shares during the period. Fiduciary Financial Group LLC’s holdings in Cisco Systems were worth $622,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Cisco Systems by 38.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 250,476 shares of the network equipment provider’s stock worth $13,325,000 after buying an additional 69,537 shares during the period. Juncture Wealth Strategies LLC raised its position in shares of Cisco Systems by 12.7% during the third quarter. Juncture Wealth Strategies LLC now owns 14,142 shares of the network equipment provider’s stock valued at $753,000 after buying an additional 1,594 shares during the last quarter. Fermata Advisors LLC bought a new position in Cisco Systems in the third quarter worth $300,000. DLK Investment Management LLC boosted its holdings in Cisco Systems by 1.6% during the third quarter. DLK Investment Management LLC now owns 67,748 shares of the network equipment provider’s stock valued at $3,606,000 after purchasing an additional 1,040 shares in the last quarter. Finally, LVW Advisors LLC grew its position in Cisco Systems by 13.4% in the third quarter. LVW Advisors LLC now owns 48,848 shares of the network equipment provider’s stock valued at $2,600,000 after acquiring an additional 5,756 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cisco Systems

In related news, SVP Maria Victoria Wong sold 638 shares of Cisco Systems stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $49.09, for a total value of $31,319.42. Following the completion of the sale, the senior vice president now owns 46,017 shares of the company’s stock, valued at approximately $2,258,974.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Maria Victoria Wong sold 638 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $49.09, for a total value of $31,319.42. Following the completion of the sale, the senior vice president now directly owns 46,017 shares of the company’s stock, valued at $2,258,974.53. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thimaya K. Subaiya sold 8,270 shares of Cisco Systems stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 135,544 shares in the company, valued at approximately $6,821,929.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,529 shares of company stock valued at $3,509,049. Company insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CSCO shares. New Street Research raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Cisco Systems from $52.00 to $53.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. HSBC upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and increased their price target for the company from $46.00 to $58.00 in a research report on Friday, August 16th. Hsbc Global Res raised Cisco Systems to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Hold” and an average price target of $55.00.

Cisco Systems Stock Up 1.3 %

Shares of NASDAQ:CSCO opened at $54.25 on Friday. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $54.58. The company has a fifty day moving average of $50.14 and a 200-day moving average of $48.40. 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 company has a market capitalization of $216.50 billion, a PE ratio of 21.36, a price-to-earnings-growth 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, topping analysts’ consensus estimates of $0.85 by $0.02. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the previous year, the company earned $1.01 EPS. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, equities analysts predict that Cisco Systems, Inc. will post 2.9 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Wednesday, October 2nd. Cisco Systems’s payout ratio is 62.99%.

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.