Hoxton Planning & Management LLC lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 34.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,551 shares of the network equipment provider’s stock after purchasing an additional 2,205 shares during the quarter. Hoxton Planning & Management LLC’s holdings in Cisco Systems were worth $455,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Talbot Financial LLC raised its stake in shares of Cisco Systems by 1.9% during the 3rd quarter. Talbot Financial LLC now owns 189,836 shares of the network equipment provider’s stock worth $10,103,000 after purchasing an additional 3,465 shares in the last quarter. Atomi Financial Group Inc. raised its stake in shares of Cisco Systems by 34.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 21,740 shares of the network equipment provider’s stock worth $1,157,000 after purchasing an additional 5,614 shares in the last quarter. Clean Yield Group raised its stake in shares of Cisco Systems by 14.7% during the 3rd quarter. Clean Yield Group now owns 122,670 shares of the network equipment provider’s stock worth $6,529,000 after purchasing an additional 15,714 shares in the last quarter. Financial Synergies Wealth Advisors Inc. bought a new stake in shares of Cisco Systems during the 3rd quarter worth approximately $206,000. Finally, Alpha Cubed Investments LLC raised its stake in shares of Cisco Systems by 1.8% during the 3rd quarter. Alpha Cubed Investments LLC now owns 425,138 shares of the network equipment provider’s stock worth $22,626,000 after purchasing an additional 7,686 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Cisco Systems
In other news, SVP Maria Victoria Wong sold 3,379 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $50.36, for a total transaction 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 $2,376,085.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Thimaya K. Subaiya sold 1,328 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total transaction of $64,965.76. Following the completion of the sale, the executive vice president now owns 132,910 shares of the company’s stock, valued at $6,501,957.20. 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 the SEC website. Also, SVP Maria Victoria Wong sold 3,379 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 47,182 shares of the company’s stock, valued at $2,376,085.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,529 shares of company stock worth $3,509,049. 0.02% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Read Our Latest Analysis on CSCO
Cisco Systems Stock Performance
CSCO opened at $52.73 on Wednesday. The firm has a market cap of $212.44 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 4.11 and a beta of 0.83. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $54.58. 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 business’s fifty day moving average is $49.67 and its 200-day moving average is $48.28.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last announced 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 return on equity of 27.83% and a net margin of 19.18%. The business had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the prior year, the company earned $1.01 EPS. Cisco Systems’s revenue for the quarter was down 10.3% on a year-over-year basis. Sell-side analysts expect that Cisco Systems, Inc. will post 2.9 EPS for the current fiscal year.
Cisco Systems Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a $0.40 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.60 annualized dividend and a yield of 3.03%. Cisco Systems’s dividend payout ratio is presently 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.
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