SS&H Financial Advisors Inc. Buys 2,000 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

SS&H Financial Advisors Inc. raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,106 shares of the network equipment provider’s stock after buying an additional 2,000 shares during the period. Cisco Systems comprises approximately 1.4% of SS&H Financial Advisors Inc.’s holdings, making the stock its 17th largest position. SS&H Financial Advisors Inc.’s holdings in Cisco Systems were worth $3,784,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Unison Advisors LLC grew its holdings in shares of Cisco Systems by 0.9% in the third quarter. Unison Advisors LLC now owns 65,622 shares of the network equipment provider’s stock worth $3,492,000 after acquiring an additional 559 shares during the period. Advocate Group LLC grew its stake in shares of Cisco Systems by 3.1% during the 3rd quarter. Advocate Group LLC now owns 199,933 shares of the network equipment provider’s stock valued at $10,640,000 after purchasing an additional 5,937 shares during the period. Cypress Wealth Services LLC increased its position in shares of Cisco Systems by 1.7% during the 3rd quarter. Cypress Wealth Services LLC now owns 12,161 shares of the network equipment provider’s stock valued at $647,000 after purchasing an additional 198 shares during the last quarter. Heritage Wealth Partners LLC bought a new position in shares of Cisco Systems in the 3rd quarter worth approximately $208,000. Finally, Mountain Pacific Investment Advisers LLC boosted its holdings in shares of Cisco Systems by 5.7% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 5,072 shares of the network equipment provider’s stock worth $270,000 after buying an additional 274 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on CSCO shares. Barclays reduced their target price on shares of Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday, August 15th. HSBC raised Cisco Systems from a “hold” rating to a “buy” rating and raised their target price for the stock from $46.00 to $58.00 in a report on Friday, August 16th. Evercore ISI boosted their price target on Cisco Systems from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Rosenblatt Securities raised their price objective on Cisco Systems from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Finally, Hsbc Global Res raised Cisco Systems to a “strong-buy” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of “Hold” and an average target price of $55.00.

Insider Transactions at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 1,328 shares of the stock in a transaction 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 sale, the executive vice president now owns 132,910 shares in the company, valued at approximately $6,501,957.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Thimaya K. Subaiya sold 1,328 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $48.92, for a total value of $64,965.76. Following the sale, the executive vice president now directly owns 132,910 shares of the company’s stock, valued at $6,501,957.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Maria Victoria Wong sold 638 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 46,017 shares of the company’s stock, valued at $2,258,974.53. This trade represents a 0.00 % decrease in their position. 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.

Cisco Systems Price Performance

Shares of CSCO traded down $0.03 during mid-day trading on Thursday, hitting $53.53. 2,715,006 shares of the stock were exchanged, compared to its average volume of 19,160,230. 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 cap of $215.66 billion, a PE ratio of 18.03, 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 firm has a 50-day moving average of $49.87 and a two-hundred day moving average of $48.34.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating 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 company 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 firm earned $1.01 earnings per share. Cisco Systems’s revenue was down 10.3% on a year-over-year basis. On average, equities analysts predict that Cisco Systems, Inc. will post 2.9 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given 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 2.99%. Cisco Systems’s dividend payout ratio (DPR) 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.