Blake Schutter Theil Wealth Advisors LLC Acquires New Shares in Cisco Systems, Inc. (NASDAQ:CSCO)

Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the 3rd quarter, HoldingsChannel reports. The firm bought 9,141 shares of the network equipment provider’s stock, valued at approximately $486,000.

Other large investors have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. increased its holdings in shares of Cisco Systems by 226.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 26,423 shares of the network equipment provider’s stock worth $1,319,000 after purchasing an additional 18,339 shares during the period. VitalStone Financial LLC increased its stake in Cisco Systems by 84.4% in the 1st quarter. VitalStone Financial LLC now owns 1,593 shares of the network equipment provider’s stock worth $79,000 after acquiring an additional 729 shares during the last quarter. Empirical Finance LLC raised its holdings in shares of Cisco Systems by 3.4% in the 1st quarter. Empirical Finance LLC now owns 149,733 shares of the network equipment provider’s stock valued at $7,473,000 after acquiring an additional 4,913 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Cisco Systems by 13.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 585,815 shares of the network equipment provider’s stock valued at $29,238,000 after acquiring an additional 69,208 shares during the last quarter. Finally, Stokes Family Office LLC grew its holdings in shares of Cisco Systems by 6.7% during the first quarter. Stokes Family Office LLC now owns 53,018 shares of the network equipment provider’s stock worth $2,646,000 after purchasing an additional 3,328 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Maria Victoria Wong sold 638 shares of Cisco Systems stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $49.09, for a total transaction of $31,319.42. Following the completion of the transaction, the senior vice president now directly owns 46,017 shares in the company, valued at approximately $2,258,974.53. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 7,462 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $49.41, for a total transaction of $368,697.42. Following the completion of the sale, the executive vice president now directly owns 165,580 shares in the company, valued at approximately $8,181,307.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 638 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $49.09, for a total transaction of $31,319.42. Following the completion of the transaction, the senior vice president now owns 46,017 shares in the company, valued at approximately $2,258,974.53. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,529 shares of company stock worth $3,509,049. 0.01% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CSCO has been the subject of several research analyst reports. Barclays dropped 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 research report on Thursday, August 15th. Jefferies Financial Group dropped their price objective on shares of Cisco Systems from $56.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Tigress Financial upped their target price on Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Rosenblatt Securities raised their price objective on Cisco Systems from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Finally, StockNews.com lowered Cisco Systems from a “buy” rating to a “hold” rating in a research note on Tuesday. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Cisco Systems has an average rating of “Hold” and an average price target of $56.74.

Cisco Systems Stock Performance

Cisco Systems stock opened at $57.87 on Thursday. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $58.08. The stock’s 50 day simple moving average is $53.00 and its two-hundred day simple moving average is $49.27. 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 stock has a market cap of $230.94 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 4.60 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results 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. The company had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.53 billion. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 earnings per share. As a group, analysts expect that Cisco Systems, Inc. will post 2.89 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.76%. The ex-dividend date was Wednesday, October 2nd. Cisco Systems’s payout ratio is currently 62.99%.

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.