Laffer Tengler Investments Inc. Has $6.92 Million Holdings in Cisco Systems, Inc. $CSCO

Laffer Tengler Investments Inc. grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 34.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,170 shares of the network equipment provider’s stock after acquiring an additional 26,190 shares during the quarter. Laffer Tengler Investments Inc.’s holdings in Cisco Systems were worth $6,922,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Insigneo Advisory Services LLC lifted its stake in Cisco Systems by 4.0% in the 3rd quarter. Insigneo Advisory Services LLC now owns 22,903 shares of the network equipment provider’s stock valued at $1,567,000 after purchasing an additional 871 shares during the last quarter. Great Lakes Retirement Inc. increased its holdings in shares of Cisco Systems by 4.4% during the third quarter. Great Lakes Retirement Inc. now owns 24,765 shares of the network equipment provider’s stock worth $1,694,000 after buying an additional 1,051 shares in the last quarter. Evernest Financial Advisors LLC lifted its stake in shares of Cisco Systems by 1.2% in the 3rd quarter. Evernest Financial Advisors LLC now owns 16,961 shares of the network equipment provider’s stock valued at $1,160,000 after acquiring an additional 199 shares during the last quarter. Planning Alternatives Ltd. ADV boosted its holdings in shares of Cisco Systems by 55.7% during the 3rd quarter. Planning Alternatives Ltd. ADV now owns 4,981 shares of the network equipment provider’s stock valued at $341,000 after acquiring an additional 1,782 shares in the last quarter. Finally, Fiduciary Group LLC grew its position in Cisco Systems by 1.0% during the 3rd quarter. Fiduciary Group LLC now owns 27,675 shares of the network equipment provider’s stock worth $1,894,000 after acquiring an additional 269 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cisco Systems

In other news, Director Michael D. Capellas sold 10,850 shares of Cisco Systems stock in a transaction on Friday, December 19th. The shares were sold at an average price of $77.13, for a total value of $836,860.50. Following the completion of the sale, the director owned 146,368 shares in the company, valued at $11,289,363.84. The trade was a 6.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Maria Victoria Wong sold 2,179 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $77.74, for a total transaction of $169,395.46. Following the transaction, the senior vice president directly owned 28,807 shares in the company, valued at approximately $2,239,456.18. This represents a 7.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 75,677 shares of company stock worth $5,811,211. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Price Performance

CSCO stock opened at $78.96 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. The firm has a market cap of $311.88 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 3.00 and a beta of 0.87. The company’s fifty day simple moving average is $77.86 and its 200 day simple moving average is $73.91. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $88.18.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. The firm had revenue of $15.35 billion during the quarter, compared to the consensus estimate of $15.11 billion. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The business’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.94 EPS. On average, analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, April 2nd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.41. Cisco Systems’s dividend payout ratio (DPR) is currently 57.54%.

Analyst Ratings Changes

CSCO has been the topic of a number of recent research reports. Wall Street Zen raised Cisco Systems from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup lifted their target price on shares of Cisco Systems from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Morgan Stanley upped their price target on shares of Cisco Systems from $82.00 to $91.00 and gave the company an “overweight” rating in a research report on Wednesday, December 17th. BNP Paribas Exane boosted their price objective on shares of Cisco Systems from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Finally, Wells Fargo & Company raised their target price on Cisco Systems from $83.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and an average target price of $89.55.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.