Certified Advisory Corp bought a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,055 shares of the network equipment provider’s stock, valued at approximately $116,000.
A number of other large investors have also modified their holdings of CSCO. Rothschild Investment Corp IL boosted its position in shares of Cisco Systems by 1.9% in the fourth quarter. Rothschild Investment Corp IL now owns 297,112 shares of the network equipment provider’s stock valued at $11,379,000 after acquiring an additional 5,517 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. boosted its position in shares of Cisco Systems by 320.0% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 126,000 shares of the network equipment provider’s stock valued at $4,825,000 after acquiring an additional 96,000 shares during the period. Mizuho Securities USA LLC boosted its position in shares of Cisco Systems by 20.9% in the fourth quarter. Mizuho Securities USA LLC now owns 18,506 shares of the network equipment provider’s stock valued at $709,000 after acquiring an additional 3,199 shares during the period. Jump Trading LLC bought a new position in shares of Cisco Systems in the fourth quarter valued at approximately $260,000. Finally, Robecosam AG boosted its position in shares of Cisco Systems by 6.9% in the fourth quarter. Robecosam AG now owns 327,266 shares of the network equipment provider’s stock valued at $12,629,000 after acquiring an additional 21,132 shares during the period. Hedge funds and other institutional investors own 73.80% of the company’s stock.
Cisco Systems opened at $43.03 on Friday, Marketbeat reports. The company has a current ratio of 2.34, a quick ratio of 2.28 and a debt-to-equity ratio of 0.44. Cisco Systems, Inc. has a one year low of $30.36 and a one year high of $46.37. The company has a market cap of $206.86 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 2.89 and a beta of 1.09.
Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, May 16th. The network equipment provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. Cisco Systems had a negative net margin of 2.61% and a positive return on equity of 19.48%. The company had revenue of $12.46 billion for the quarter, compared to the consensus estimate of $12.42 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. analysts anticipate that Cisco Systems, Inc. will post 2.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 25th. Investors of record on Friday, July 6th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, July 5th. Cisco Systems’s payout ratio is 61.40%.
In related news, EVP David Goeckeler sold 35,000 shares of Cisco Systems stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $43.27, for a total value of $1,514,450.00. Following the transaction, the executive vice president now directly owns 490,458 shares of the company’s stock, valued at $21,222,117.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.05% of the stock is owned by insiders.
A number of research firms have recently commented on CSCO. BidaskClub lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group began coverage on shares of Cisco Systems in a research report on Wednesday, May 9th. They issued a “neutral” rating and a $41.00 price objective for the company. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $45.60 price objective for the company. in a research report on Monday, March 26th. Argus raised their price objective on shares of Cisco Systems to $55.00 and gave the company a “buy” rating in a research report on Friday, May 18th. Finally, Macquarie began coverage on shares of Cisco Systems in a research note on Monday, April 30th. They issued an “outperform” rating on the stock. Twelve investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $46.11.
About Cisco Systems
Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
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