WealthPlan Investment Management LLC Purchases Shares of 7,304 Cisco Systems, Inc. (NASDAQ:CSCO)

WealthPlan Investment Management LLC bought a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCOFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,304 shares of the network equipment provider’s stock, valued at approximately $393,000.

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

Insiders Place Their Bets

In other Cisco Systems news, Director Mark Garrett sold 899 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $47.88, for a total value of $43,044.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Maria Victoria Wong sold 5,060 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $47.95, for a total transaction of $242,627.00. Following the sale, the senior vice president now owns 67,422 shares in the company, valued at $3,232,884.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark Garrett sold 899 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $47.88, for a total transaction of $43,044.12. 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. 0.02% of the stock is currently owned by company insiders.

Cisco Systems Price Performance

CSCO stock opened at $50.13 on Monday. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19. The company has a market cap of $203.70 billion, a P/E ratio of 15.15, a PEG ratio of 2.39 and a beta of 0.90. The firm has a 50-day moving average of $50.19 and a 200 day moving average of $52.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.47 and a quick ratio of 1.34.

Cisco Systems (NASDAQ:CSCOGet Free Report) last announced its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.20. The business had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. Cisco Systems had a net margin of 23.40% and a return on equity of 34.41%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. On average, sell-side analysts forecast that Cisco Systems, Inc. will post 3.38 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Thursday, January 4th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Wednesday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 47.13%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Raymond James lowered shares of Cisco Systems from a “market perform” rating to an “underperform” rating in a research report on Monday, October 30th. Melius Research reiterated a “hold” rating and issued a $55.00 target price on shares of Cisco Systems in a research report on Monday, January 8th. DZ Bank lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a research report on Friday, November 17th. Melius lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Oppenheimer cut their price target on shares of Cisco Systems from $58.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $58.21.

Check Out Our Latest Stock Report on Cisco Systems

Cisco Systems Profile

(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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