Commerce Bank Purchases 16,315 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Commerce Bank increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 842,340 shares of the network equipment provider’s stock after purchasing an additional 16,315 shares during the quarter. Commerce Bank’s holdings in Cisco Systems were worth $42,555,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC acquired a new position in Cisco Systems in the 3rd quarter valued at approximately $393,000. Larson Financial Group LLC increased its position in Cisco Systems by 64.6% in the 3rd quarter. Larson Financial Group LLC now owns 7,100 shares of the network equipment provider’s stock valued at $382,000 after acquiring an additional 2,786 shares during the period. EverSource Wealth Advisors LLC increased its position in Cisco Systems by 8.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 13,435 shares of the network equipment provider’s stock valued at $722,000 after acquiring an additional 1,088 shares during the period. Syon Capital LLC acquired a new position in Cisco Systems in the 3rd quarter valued at approximately $1,018,000. Finally, Regent Peak Wealth Advisors LLC increased its position in Cisco Systems by 1.0% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 48,613 shares of the network equipment provider’s stock valued at $2,613,000 after acquiring an additional 500 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. BNP Paribas upgraded shares of Cisco Systems from an “underperform” rating to a “neutral” rating and set a $50.00 price target for the company in a research report on Monday, May 13th. JPMorgan Chase & Co. started coverage on shares of Cisco Systems in a research note on Monday, April 22nd. They issued a “neutral” rating and a $53.00 price objective on the stock. Citigroup started coverage on shares of Cisco Systems in a research note on Friday, April 12th. They issued a “neutral” rating and a $52.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of Cisco Systems from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Thursday, May 16th. Finally, Barclays upped their price objective on shares of Cisco Systems from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.47.

Cisco Systems Stock Down 1.8 %

Shares of CSCO stock traded down $0.86 on Thursday, hitting $46.57. The stock had a trading volume of 10,513,847 shares, compared to its average volume of 19,341,912. The business has a 50 day moving average of $48.51 and a 200 day moving average of $49.39. The stock has a market cap of $188.57 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 2.73 and a beta of 0.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.89 and a quick ratio of 0.82. Cisco Systems, Inc. has a 12-month low of $46.20 and a 12-month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.70 by $0.18. The company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $12.53 billion. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 earnings per share. As a group, analysts expect that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Friday, July 5th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a yield of 3.44%. Cisco Systems’s dividend payout ratio (DPR) is presently 53.87%.

Insider Buying and Selling

In related news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the sale, the chief financial officer now owns 328,491 shares in the company, valued at $16,424,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the transaction, the chief financial officer now owns 328,491 shares in the company, valued at $16,424,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 8,016 shares of Cisco Systems stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $48.24, for a total transaction of $386,691.84. Following the completion of the transaction, the executive vice president now owns 180,705 shares of the company’s stock, valued at approximately $8,717,209.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,457 shares of company stock worth $1,358,772. 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.