Wiley BROS. Aintree Capital LLC Acquires 436 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Wiley BROS. Aintree Capital LLC lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,154 shares of the network equipment provider’s stock after purchasing an additional 436 shares during the period. Wiley BROS. Aintree Capital LLC’s holdings in Cisco Systems were worth $422,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Cisco Systems by 2.2% in the first quarter. State Street Corp now owns 184,879,450 shares of the network equipment provider’s stock worth $9,664,544,000 after buying an additional 4,061,022 shares during the period. Geode Capital Management LLC increased its stake in Cisco Systems by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 78,378,278 shares of the network equipment provider’s stock worth $4,088,864,000 after purchasing an additional 1,641,294 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Cisco Systems by 0.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 70,960,104 shares of the network equipment provider’s stock worth $3,674,524,000 after purchasing an additional 399,565 shares during the period. Morgan Stanley boosted its stake in shares of Cisco Systems by 17.4% during the fourth quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock valued at $2,943,593,000 after purchasing an additional 9,160,347 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its stake in shares of Cisco Systems by 112,307.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 59,519,500 shares of the network equipment provider’s stock valued at $2,835,509,000 after purchasing an additional 59,466,550 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Cisco Systems Trading Up 0.2 %

Shares of NASDAQ CSCO opened at $56.37 on Friday. Cisco Systems, Inc. has a 1 year low of $38.60 and a 1 year high of $58.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.27. The firm has a 50-day moving average of $54.00 and a 200 day moving average of $51.05. The stock has a market cap of $228.57 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 2.49 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 16th. The network equipment provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.08. Cisco Systems had a net margin of 22.13% and a return on equity of 33.42%. The firm had revenue of $15.20 billion during the quarter, compared to analyst estimates of $15.05 billion. The business’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the business earned $0.74 earnings per share. As a group, sell-side analysts expect that Cisco Systems, Inc. will post 3.58 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.77%. Cisco Systems’s dividend payout ratio is currently 50.81%.

Insider Activity

In related news, CFO Richard Scott Herren sold 2,579 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $50.65, for a total value of $130,626.35. Following the transaction, the chief financial officer now owns 281,493 shares in the company, valued at approximately $14,257,620.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Richard Scott Herren sold 2,579 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $50.65, for a total transaction of $130,626.35. Following the completion of the sale, the chief financial officer now owns 281,493 shares of the company’s stock, valued at $14,257,620.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 2,158 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $55.15, for a total transaction of $119,013.70. Following the completion of the transaction, the executive vice president now owns 173,618 shares of the company’s stock, valued at $9,575,032.70. The disclosure for this sale can be found here. Insiders sold 54,438 shares of company stock worth $2,948,779 over the last three months. 0.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CSCO has been the subject of a number of recent analyst reports. Evercore ISI upped their price target on shares of Cisco Systems from $60.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, August 17th. Rosenblatt Securities upped their price objective on shares of Cisco Systems from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, August 17th. Oppenheimer reissued an “outperform” rating and issued a $58.00 target price on shares of Cisco Systems in a research note on Thursday, August 17th. Bank of America boosted their price target on Cisco Systems from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Citigroup increased their price objective on Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $59.43.

About Cisco Systems

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 that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.