Abel Hall LLC Takes $366,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Abel Hall LLC acquired a new stake in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,251 shares of the network equipment provider’s stock, valued at approximately $366,000.

A number of other large investors also recently modified their holdings of CSCO. WCG Wealth Advisors LLC raised its stake in Cisco Systems by 144.2% in the third quarter. WCG Wealth Advisors LLC now owns 51,159 shares of the network equipment provider’s stock valued at $2,857,000 after purchasing an additional 30,213 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of Cisco Systems during the third quarter worth approximately $51,170,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Cisco Systems during the third quarter worth approximately $27,394,000. Envestnet Asset Management Inc. raised its stake in shares of Cisco Systems by 11.9% during the third quarter. Envestnet Asset Management Inc. now owns 9,365,069 shares of the network equipment provider’s stock worth $503,466,000 after acquiring an additional 993,063 shares in the last quarter. Finally, Clifford Capital Partners LLC raised its stake in shares of Cisco Systems by 5.2% during the third quarter. Clifford Capital Partners LLC now owns 192,460 shares of the network equipment provider’s stock worth $10,347,000 after acquiring an additional 9,577 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. BNP Paribas raised shares of Cisco Systems from an “underperform” rating to a “neutral” rating and set a $50.00 target price on the stock in a research note on Monday, May 13th. Barclays lifted their price target on shares of Cisco Systems from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, May 17th. JPMorgan Chase & Co. initiated coverage on shares of Cisco Systems in a report on Monday, April 22nd. They issued a “neutral” rating and a $53.00 price target on the stock. Morgan Stanley initiated coverage on shares of Cisco Systems in a report on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 price target on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $56.47.

Check Out Our Latest Stock Analysis on Cisco Systems

Cisco Systems Stock Up 0.4 %

Cisco Systems stock traded up $0.16 during mid-day trading on Friday, reaching $45.68. The stock had a trading volume of 15,274,176 shares, compared to its average volume of 19,183,470. The company has a market capitalization of $184.04 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 2.64 and a beta of 0.85. The company has a 50-day moving average price of $47.41 and a two-hundred day moving average price of $48.89. Cisco Systems, Inc. has a one year low of $44.97 and a one year high of $58.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.89 and a quick ratio of 0.82.

Cisco Systems (NASDAQ:CSCOGet Free Report) last issued its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.18. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The business 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 revenue was down 12.8% on a year-over-year basis. On average, analysts expect that Cisco Systems, Inc. will post 3.14 EPS for the current fiscal year.

Cisco Systems Announces Dividend

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 3.50%. The ex-dividend date of this dividend is Friday, July 5th. Cisco Systems’s dividend payout ratio (DPR) is 53.87%.

Insiders Place Their Bets

In other news, EVP Deborah L. Stahlkopf sold 2,619 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $45.34, for a total transaction of $118,745.46. Following the completion of the sale, the executive vice president now owns 176,384 shares of the company’s stock, valued at approximately $7,997,250.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Maria Victoria Wong sold 3,378 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were 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 owns 52,953 shares of the company’s stock, valued at approximately $2,430,013.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,619 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $45.34, for a total transaction of $118,745.46. Following the sale, the executive vice president now directly owns 176,384 shares of the company’s stock, valued at approximately $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 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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