Range Financial Group LLC Acquires 1,203 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Range Financial Group LLC lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,176 shares of the network equipment provider’s stock after purchasing an additional 1,203 shares during the period. Cisco Systems comprises approximately 1.3% of Range Financial Group LLC’s holdings, making the stock its 13th biggest position. Range Financial Group LLC’s holdings in Cisco Systems were worth $2,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. bought a new stake in Cisco Systems during the 3rd quarter worth approximately $27,000. Valued Wealth Advisors LLC bought a new stake in Cisco Systems during the 4th quarter worth approximately $32,000. Fortis Capital Advisors LLC bought a new stake in Cisco Systems during the 4th quarter worth approximately $34,000. Hibernia Wealth Partners LLC bought a new stake in Cisco Systems during the 3rd quarter worth approximately $42,000. Finally, VitalStone Financial LLC bought a new stake in Cisco Systems during the 2nd quarter worth approximately $45,000. Institutional investors own 72.21% of the company’s stock.

Insider Activity at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the transaction, the chief financial officer now directly owns 328,491 shares in the company, valued at $16,424,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Richard Scott Herren sold 13,942 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares in the company, valued at $16,424,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Maria Victoria Wong sold 2,497 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the sale, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The disclosure for this sale can be found here. Insiders sold 19,441 shares of company stock worth $972,080 over the last three months. 0.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CSCO has been the subject of a number of research analyst reports. Barclays increased their price objective on shares of Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. UBS Group increased their price objective on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Melius Research reaffirmed a “hold” rating and set a $55.00 price objective on shares of Cisco Systems in a report on Monday, January 8th. StockNews.com lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Wells Fargo & Company initiated coverage on shares of Cisco Systems in a report on Thursday, February 15th. They set an “equal weight” rating and a $52.00 price objective for the company. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.36.

Read Our Latest Report on CSCO

Cisco Systems Stock Up 0.3 %

NASDAQ:CSCO opened at $49.09 on Monday. Cisco Systems, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19. The company has a market cap of $198.77 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 2.26 and a beta of 0.87. The stock has a fifty day simple moving average of $49.89 and a 200-day simple moving average of $51.32. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14.

Cisco Systems (NASDAQ:CSCOGet Free Report) last released its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The business had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same period last year, the company earned $0.76 earnings per share. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. Analysts anticipate that Cisco Systems, Inc. will post 3.17 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be issued a $0.40 dividend. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Wednesday, April 3rd. Cisco Systems’s payout ratio is presently 48.63%.

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.

Further Reading

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

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