Nvwm LLC Purchases 1,554 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Nvwm LLC grew its position in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 6.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,725 shares of the network equipment provider’s stock after purchasing an additional 1,554 shares during the quarter. Nvwm LLC’s holdings in Cisco Systems were worth $1,382,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kathleen S. Wright Associates Inc. bought a new stake in Cisco Systems in the 3rd quarter valued at $27,000. Fortis Capital Advisors LLC acquired a new stake in shares of Cisco Systems in the 4th quarter valued at $34,000. Spotlight Asset Group Inc. acquired a new stake in shares of Cisco Systems in the 2nd quarter valued at $41,000. Hibernia Wealth Partners LLC acquired a new position in Cisco Systems during the 3rd quarter worth about $42,000. Finally, VitalStone Financial LLC acquired a new position in Cisco Systems during the 2nd quarter worth about $45,000. Institutional investors own 72.21% of the company’s stock.

Insider Buying and Selling

In related news, EVP Deborah L. Stahlkopf sold 24,579 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $47.99, for a total value of $1,179,546.21. Following the transaction, the executive vice president now owns 210,395 shares in the company, valued at $10,096,856.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Richard Scott Herren sold 106,321 shares of Cisco Systems stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $50.02, for a total transaction of $5,318,176.42. Following the sale, the chief financial officer now directly owns 345,994 shares of the company’s stock, valued at $17,306,619.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 24,579 shares of Cisco Systems stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $47.99, for a total value of $1,179,546.21. Following the sale, the executive vice president now directly owns 210,395 shares in the company, valued at $10,096,856.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 150,475 shares of company stock worth $7,464,194. Company insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CSCO shares. DZ Bank downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research report on Friday, November 17th. Tigress Financial upped their price target on Cisco Systems from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, September 22nd. Melius Research reaffirmed a “hold” rating and issued a $55.00 price target on shares of Cisco Systems in a research note on Monday, January 8th. UBS Group lowered their target price on Cisco Systems from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, November 16th. Finally, Rosenblatt Securities reduced their price target on Cisco Systems from $59.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $58.21.

Get Our Latest Analysis on Cisco Systems

Cisco Systems Stock Down 0.2 %

CSCO stock opened at $50.34 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.47 and a quick ratio of 1.34. The stock has a market capitalization of $204.56 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 2.40 and a beta of 0.91. The business’s fifty day moving average price is $49.85 and its two-hundred day moving average price is $52.32. Cisco Systems, Inc. has a fifty-two week low of $45.56 and a fifty-two week high of $58.19.

Cisco Systems (NASDAQ:CSCOGet Free Report) last posted its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.20. Cisco Systems had a return on equity of 34.41% and a net margin of 23.40%. The firm had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. During the same quarter last year, the business earned $0.77 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Cisco Systems, Inc. will post 3.4 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Thursday, January 4th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Wednesday, January 3rd. Cisco Systems’s payout ratio is currently 47.13%.

About Cisco Systems

(Free Report)

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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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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