Buttonwood Financial Advisors Inc. Takes $207,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Buttonwood Financial Advisors Inc. purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) in the second quarter, according to its most recent filing with the SEC. The fund purchased 3,991 shares of the network equipment provider’s stock, valued at approximately $207,000.

Other institutional investors have also made changes to their positions in the company. Central Bank & Trust Co. lifted its holdings in shares of Cisco Systems by 1.9% during the first quarter. Central Bank & Trust Co. now owns 10,930 shares of the network equipment provider’s stock valued at $571,000 after purchasing an additional 204 shares during the last quarter. Relyea Zuckerberg Hanson LLC lifted its holdings in shares of Cisco Systems by 1.6% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 13,648 shares of the network equipment provider’s stock valued at $713,000 after purchasing an additional 211 shares during the last quarter. Stillwater Investment Management LLC lifted its holdings in shares of Cisco Systems by 0.3% during the first quarter. Stillwater Investment Management LLC now owns 73,720 shares of the network equipment provider’s stock valued at $3,854,000 after purchasing an additional 214 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in shares of Cisco Systems by 0.5% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 40,473 shares of the network equipment provider’s stock valued at $2,116,000 after purchasing an additional 215 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. lifted its holdings in shares of Cisco Systems by 3.3% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 6,706 shares of the network equipment provider’s stock valued at $319,000 after purchasing an additional 217 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO opened at $56.04 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 1.38. The firm has a market cap of $227.23 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 2.49 and a beta of 0.97. The business’s 50-day simple moving average is $54.20 and its 200-day simple moving average is $51.15. Cisco Systems, Inc. has a 52 week low of $38.60 and a 52 week high of $58.19.

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

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $1.56 annualized dividend and a yield of 2.78%. Cisco Systems’s payout ratio is 50.81%.

Insider Activity at Cisco Systems

In related news, COO Maria Martinez sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $50.88, for a total transaction of $508,800.00. Following the completion of the sale, the chief operating officer now owns 414,033 shares in the company, valued at approximately $21,065,999.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, COO Maria Martinez sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $50.88, for a total transaction of $508,800.00. Following the completion of the sale, the chief operating officer now owns 414,033 shares in the company, valued at approximately $21,065,999.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Charles Robbins sold 17,687 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $55.16, for a total value of $975,614.92. Following the completion of the sale, the chief executive officer now owns 716,191 shares of the company’s stock, valued at approximately $39,505,095.56. The disclosure for this sale can be found here. Insiders sold a total of 54,438 shares of company stock worth $2,948,779 in the last 90 days. 0.02% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CSCO shares. Bank of America upped their price target on Cisco Systems from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on Cisco Systems from $54.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, August 21st. Raymond James upped their price target on Cisco Systems from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. Oppenheimer reissued an “outperform” rating and set a $58.00 price target on shares of Cisco Systems in a research report on Thursday, August 17th. Finally, Evercore ISI upped their price target on Cisco Systems from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. One investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $59.43.

Cisco Systems Company Profile

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.