Benjamin Edwards Inc. Has $401,000 Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Benjamin Edwards Inc. lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,441 shares of the network equipment provider’s stock after purchasing an additional 226 shares during the quarter. Benjamin Edwards Inc.’s holdings in Cisco Systems were worth $401,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Gilbert & Cook Inc. increased its holdings in Cisco Systems by 1.1% during the 4th quarter. Gilbert & Cook Inc. now owns 23,417 shares of the network equipment provider’s stock worth $1,183,000 after purchasing an additional 264 shares in the last quarter. Gryphon Financial Partners LLC grew its holdings in Cisco Systems by 104.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 23,064 shares of the network equipment provider’s stock worth $1,177,000 after buying an additional 11,767 shares in the last quarter. Tidemark LLC purchased a new stake in Cisco Systems in the 4th quarter valued at $41,000. BlackDiamond Wealth Management LLC lifted its stake in Cisco Systems by 5.5% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 4,750 shares of the network equipment provider’s stock valued at $235,000 after acquiring an additional 247 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Cisco Systems by 5.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 798,798 shares of the network equipment provider’s stock worth $40,355,000 after acquiring an additional 39,276 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Charles Robbins sold 27,143 shares of Cisco Systems stock in a transaction dated Friday, August 16th. The shares were 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 of the company’s stock, valued at approximately $33,794,278.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Charles Robbins sold 27,143 shares of Cisco Systems stock in a transaction that occurred on 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 directly owns 683,403 shares in the company, valued at $33,794,278.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard Scott Herren sold 22,309 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $50.00, for a total value of $1,115,450.00. Following the completion of the transaction, the chief financial officer now owns 293,184 shares of the company’s stock, valued at approximately $14,659,200. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,529 shares of company stock worth $3,509,049. 0.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Piper Sandler reissued a “neutral” rating and set a $52.00 price target on shares of Cisco Systems in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Cisco Systems from $52.00 to $53.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a report on Thursday, August 15th. Jefferies Financial Group dropped their price target on Cisco Systems from $56.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, Rosenblatt Securities upped their price objective on Cisco Systems from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of “Hold” and an average price target of $56.11.

Cisco Systems Trading Up 1.0 %

Shares of CSCO stock opened at $51.97 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43. The firm has a market cap of $209.38 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 3.87 and a beta of 0.83. The business has a 50-day moving average price of $48.52 and a two-hundred day moving average price of $48.05. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $54.58.

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

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 3.08%. Cisco Systems’s dividend payout ratio is presently 53.87%.

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 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.