Talbot Financial LLC Increases Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Talbot Financial LLC boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,346 shares of the network equipment provider’s stock after purchasing an additional 8,473 shares during the quarter. Talbot Financial LLC’s holdings in Cisco Systems were worth $9,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Caxton Associates LP bought a new position in Cisco Systems during the third quarter valued at approximately $295,000. Rehmann Capital Advisory Group grew its holdings in shares of Cisco Systems by 2.5% in the third quarter. Rehmann Capital Advisory Group now owns 33,768 shares of the network equipment provider’s stock worth $1,815,000 after purchasing an additional 812 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of Cisco Systems by 586.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 127,776 shares of the network equipment provider’s stock worth $6,869,000 after purchasing an additional 109,164 shares during the last quarter. Waverly Advisors LLC grew its holdings in shares of Cisco Systems by 140.8% in the third quarter. Waverly Advisors LLC now owns 46,753 shares of the network equipment provider’s stock worth $2,513,000 after purchasing an additional 27,337 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Cisco Systems by 3.5% in the third quarter. Jones Financial Companies Lllp now owns 28,106 shares of the network equipment provider’s stock worth $1,511,000 after purchasing an additional 959 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSCO has been the topic of several recent analyst reports. Barclays raised their target price on shares of Cisco Systems from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, May 17th. Bank of America upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and raised their target price for the stock from $55.00 to $60.00 in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 9th. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a report on Monday, June 10th. Finally, Wells Fargo & Company lifted their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Cisco Systems presently has an average rating of “Hold” and a consensus price target of $56.47.

Insiders Place Their Bets

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,619 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $45.34, for a total value of $118,745.46. Following the completion of the transaction, the executive vice president now owns 176,384 shares of the company’s stock, valued at approximately $7,997,250.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Cisco Systems news, SVP Maria Victoria Wong sold 3,378 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $45.89, for a total transaction of $155,016.42. Following the completion of the sale, the senior vice president now directly owns 52,953 shares in the company, valued at approximately $2,430,013.17. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,619 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $45.34, for a total value of $118,745.46. Following the sale, the executive vice president now owns 176,384 shares of the company’s stock, valued at $7,997,250.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,106 shares of company stock valued at $1,908,923. 0.02% of the stock is owned by insiders.

Cisco Systems Stock Up 0.0 %

Shares of CSCO traded up $0.01 during trading hours on Monday, hitting $47.52. The company had a trading volume of 14,748,931 shares, compared to its average volume of 19,724,010. The firm has a fifty day moving average price of $47.06 and a 200-day moving average price of $48.78. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.89. The stock has a market capitalization of $191.45 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 2.75 and a beta of 0.85. Cisco Systems, Inc. has a 52-week low of $44.95 and a 52-week high of $58.19.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.18. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The firm had revenue of $12.70 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same quarter in the previous year, the firm earned $0.88 EPS. Cisco Systems’s quarterly revenue was down 12.8% compared to the same quarter last year. On average, equities research analysts forecast that Cisco Systems, Inc. will post 3.14 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, July 5th. Cisco Systems’s dividend payout ratio (DPR) is 53.87%.

About Cisco Systems

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.