Daymark Wealth Partners LLC Has $21.37 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Daymark Wealth Partners LLC reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 401,589 shares of the network equipment provider’s stock after selling 2,501 shares during the period. Daymark Wealth Partners LLC’s holdings in Cisco Systems were worth $21,373,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hancock Whitney Corp increased its stake in shares of Cisco Systems by 0.6% during the fourth quarter. Hancock Whitney Corp now owns 320,810 shares of the network equipment provider’s stock worth $16,207,000 after purchasing an additional 1,884 shares during the period. Vista Investment Management increased its holdings in shares of Cisco Systems by 7.7% during the fourth quarter. Vista Investment Management now owns 32,083 shares of the network equipment provider’s stock worth $1,621,000 after purchasing an additional 2,284 shares during the period. Ethic Inc. raised its holdings in Cisco Systems by 5.5% in the 4th quarter. Ethic Inc. now owns 486,034 shares of the network equipment provider’s stock valued at $24,554,000 after acquiring an additional 25,174 shares in the last quarter. Jacobi Capital Management LLC grew its holdings in shares of Cisco Systems by 2.3% during the 4th quarter. Jacobi Capital Management LLC now owns 83,821 shares of the network equipment provider’s stock worth $4,235,000 after purchasing an additional 1,867 shares in the last quarter. Finally, Caxton Associates LP increased its position in shares of Cisco Systems by 642.8% in the fourth quarter. Caxton Associates LP now owns 40,759 shares of the network equipment provider’s stock worth $2,059,000 after purchasing an additional 35,272 shares during the period. Institutional investors own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 8,270 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $50.33, for a total value of $416,229.10. Following the completion of the sale, the executive vice president now owns 135,544 shares in the company, valued at $6,821,929.52. 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 at this hyperlink. In related news, EVP Thimaya K. Subaiya sold 8,270 shares of the 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 completion of the sale, the executive vice president now directly owns 135,544 shares of the company’s stock, valued at approximately $6,821,929.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 3,379 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $50.36, for a total value of $170,166.44. Following the completion of the transaction, the senior vice president now directly owns 47,182 shares in the company, valued at approximately $2,376,085.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 70,529 shares of company stock valued at $3,509,049. 0.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities increased their price objective on shares of Cisco Systems from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft lifted 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 Global Res upgraded Cisco Systems to a “strong-buy” rating in a research note on Friday, August 16th. Evercore ISI lifted their price target on Cisco Systems from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Finally, HSBC raised 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. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $55.00.

Cisco Systems Trading Up 0.8 %

Cisco Systems stock traded up $0.44 during mid-day trading on Wednesday, hitting $53.17. 1,764,215 shares of the stock were exchanged, compared to its average volume of 19,199,324. The firm’s fifty day simple moving average is $49.76 and its two-hundred day simple moving average is $48.30. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $54.58. The stock has a market capitalization of $214.21 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 4.11 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping 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 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 prior year, the company posted $1.01 earnings per share. The business’s revenue was down 10.3% on a year-over-year basis. Analysts forecast that Cisco Systems, Inc. will post 2.9 EPS for the current year.

Cisco Systems Dividend Announcement

The business 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 of this dividend is Wednesday, October 2nd. This represents a $1.60 annualized dividend and a yield of 3.01%. Cisco Systems’s dividend payout ratio (DPR) is currently 53.87%.

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.