Osaic Holdings Inc. Increases Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Osaic Holdings Inc. grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 28.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,850,476 shares of the network equipment provider’s stock after purchasing an additional 625,756 shares during the period. Osaic Holdings Inc. owned approximately 0.07% of Cisco Systems worth $115,291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CSCO. Delta Financial Advisors LLC boosted its position in Cisco Systems by 2.3% during the 2nd quarter. Delta Financial Advisors LLC now owns 8,668 shares of the network equipment provider’s stock worth $448,000 after acquiring an additional 192 shares during the period. Pflug Koory LLC boosted its holdings in shares of Cisco Systems by 0.5% during the second quarter. Pflug Koory LLC now owns 41,514 shares of the network equipment provider’s stock worth $2,148,000 after purchasing an additional 195 shares during the period. Intercontinental Wealth Advisors LLC grew its position in Cisco Systems by 1.5% during the second quarter. Intercontinental Wealth Advisors LLC now owns 13,608 shares of the network equipment provider’s stock valued at $704,000 after purchasing an additional 197 shares in the last quarter. WT Wealth Management increased its stake in Cisco Systems by 3.8% in the 2nd quarter. WT Wealth Management now owns 5,490 shares of the network equipment provider’s stock valued at $284,000 after buying an additional 200 shares during the period. Finally, Mezzasalma Advisors LLC boosted its stake in shares of Cisco Systems by 1.8% during the 2nd quarter. Mezzasalma Advisors LLC now owns 11,370 shares of the network equipment provider’s stock valued at $588,000 after buying an additional 200 shares during the period. 72.21% of the stock is currently owned by institutional investors.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $48.27 on Tuesday. The firm has a market capitalization of $195.73 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 2.37 and a beta of 0.98. 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 business has a 50 day simple moving average of $53.21 and a 200-day simple moving average of $52.33. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.20. The firm had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 34.92% and a net margin of 23.40%. Cisco Systems’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.77 EPS. Equities analysts forecast that Cisco Systems, Inc. will post 3.57 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Thursday, January 4th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Wednesday, January 3rd. Cisco Systems’s dividend payout ratio is currently 47.13%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. New Street Research cut shares of Cisco Systems from a “buy” rating to a “neutral” rating in a research note on Thursday, November 16th. Jefferies Financial Group lifted their price objective on shares of Cisco Systems from $54.00 to $59.50 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Morgan Stanley increased their target price on Cisco Systems from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 17th. Raymond James downgraded shares of Cisco Systems from a “market perform” rating to an “underperform” rating in a report on Monday, October 30th. Finally, StockNews.com initiated coverage on Cisco Systems in a research report on Thursday, October 5th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cisco Systems has an average rating of “Hold” and a consensus target price of $58.38.

Insider Transactions at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 3,022 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $56.22, for a total value of $169,896.84. Following the transaction, the executive vice president now directly owns 169,396 shares of the company’s stock, valued at approximately $9,523,443.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.02% of the company’s stock.

Cisco Systems 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 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.