Confluence Investment Management LLC Has $82.58 Million Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Confluence Investment Management LLC boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 1.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,936,580 shares of the network equipment provider’s stock after acquiring an additional 35,059 shares during the period. Confluence Investment Management LLC’s holdings in Cisco Systems were worth $82,576,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Cordant Inc. acquired a new stake in Cisco Systems in the first quarter worth $28,000. Advanced Research Investment Solutions LLC lifted its holdings in Cisco Systems by 564.6% during the first quarter. Advanced Research Investment Solutions LLC now owns 545 shares of the network equipment provider’s stock worth $30,000 after acquiring an additional 463 shares in the last quarter. Conrad Siegel Investment Advisors Inc. acquired a new position in Cisco Systems in the first quarter valued at about $33,000. PYA Waltman Capital LLC raised its position in shares of Cisco Systems by 445.4% during the first quarter. PYA Waltman Capital LLC now owns 769 shares of the network equipment provider’s stock worth $43,000 after purchasing an additional 628 shares during the period. Finally, Evolution Advisers Inc. lifted its holdings in shares of Cisco Systems by 48.2% during the 1st quarter. Evolution Advisers Inc. now owns 781 shares of the network equipment provider’s stock valued at $43,000 after purchasing an additional 254 shares in the last quarter. Institutional investors and hedge funds own 71.71% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the subject of a number of research reports. KGI Securities raised Cisco Systems from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 31st. Citigroup raised their price objective on shares of Cisco Systems from $40.00 to $44.00 and gave the stock a “sell” rating in a report on Thursday, August 18th. UBS Group upped their target price on shares of Cisco Systems from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, August 18th. Evercore ISI increased their target price on Cisco Systems from $50.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, August 18th. Finally, Morgan Stanley boosted their price target on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, August 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.29.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO opened at $43.30 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $177.91 billion, a P/E ratio of 15.35, a P/E/G ratio of 2.15 and a beta of 0.96. Cisco Systems, Inc. has a 12 month low of $40.82 and a 12 month high of $64.29. The stock has a 50 day moving average of $45.16 and a 200-day moving average of $47.85.

Cisco Systems (NASDAQ:CSCOGet Rating) last released its quarterly earnings data on Wednesday, August 17th. The network equipment provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $13.10 billion during the quarter, compared to analysts’ expectations of $12.78 billion. Cisco Systems had a net margin of 22.91% and a return on equity of 31.12%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 earnings per share. As a group, equities research analysts predict that Cisco Systems, Inc. will post 3.1 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.52 annualized dividend and a yield of 3.51%. Cisco Systems’s dividend payout ratio (DPR) is presently 53.90%.

Insider Activity

In related news, COO Maria Martinez sold 2,831 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $48.39, for a total value of $136,992.09. Following the completion of the sale, the chief operating officer now directly owns 278,012 shares in the company, valued at approximately $13,453,000.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Cisco Systems news, COO Maria Martinez sold 2,831 shares of Cisco Systems stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $48.39, for a total value of $136,992.09. Following the completion of the sale, the chief operating officer now owns 278,012 shares in the company, valued at approximately $13,453,000.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffery S. Sharritts sold 12,838 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $47.86, for a total transaction of $614,426.68. Following the transaction, the executive vice president now owns 167,532 shares in the company, valued at approximately $8,018,081.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,317 shares of company stock valued at $2,612,042. 0.02% of the stock is owned by insiders.

Cisco Systems Company Profile

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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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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

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