DLK Investment Management LLC Has $3.15 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

DLK Investment Management LLC grew its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,065 shares of the network equipment provider’s stock after buying an additional 1,393 shares during the quarter. DLK Investment Management LLC’s holdings in Cisco Systems were worth $3,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. New England Professional Planning Group Inc. lifted its holdings in shares of Cisco Systems by 8.8% during the 1st quarter. New England Professional Planning Group Inc. now owns 7,319 shares of the network equipment provider’s stock valued at $365,000 after buying an additional 590 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Cisco Systems by 2.6% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 248,056 shares of the network equipment provider’s stock valued at $12,380,000 after buying an additional 6,395 shares during the last quarter. Central Valley Advisors LLC lifted its holdings in shares of Cisco Systems by 7.3% during the 1st quarter. Central Valley Advisors LLC now owns 34,294 shares of the network equipment provider’s stock valued at $1,712,000 after buying an additional 2,335 shares during the last quarter. Wealth Management Partners LLC lifted its holdings in shares of Cisco Systems by 22.5% during the 1st quarter. Wealth Management Partners LLC now owns 6,231 shares of the network equipment provider’s stock valued at $311,000 after buying an additional 1,145 shares during the last quarter. Finally, Unison Advisors LLC lifted its holdings in shares of Cisco Systems by 1.1% during the 1st quarter. Unison Advisors LLC now owns 64,551 shares of the network equipment provider’s stock valued at $3,222,000 after buying an additional 733 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Performance

Shares of CSCO traded down $0.41 on Wednesday, reaching $46.97. 2,250,587 shares of the stock traded hands, compared to its average volume of 19,660,318. The firm has a market cap of $189.23 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 2.74 and a beta of 0.85. 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 $44.95 and a 12 month high of $58.19. The stock’s 50-day moving average price is $47.11 and its 200-day moving average price is $48.83.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. The business had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $12.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. Cisco Systems’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 earnings per share. Equities analysts forecast that Cisco Systems, Inc. will post 3.14 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.60 annualized dividend and a yield of 3.41%. Cisco Systems’s dividend payout ratio is currently 53.87%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CSCO. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a report on Monday, June 10th. Oppenheimer boosted their target price on Cisco Systems from $54.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Bank of America upgraded Cisco Systems from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $60.00 in a report on Monday, April 15th. Citigroup assumed coverage on Cisco Systems in a report on Friday, April 12th. They issued a “neutral” rating and a $52.00 target price for the company. Finally, StockNews.com lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of “Hold” and an average price target of $56.47.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 3,378 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $45.89, for a total transaction of $155,016.42. Following the completion of the transaction, the senior vice president now directly owns 52,953 shares in the company, valued at $2,430,013.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Deborah L. Stahlkopf sold 8,016 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $48.24, for a total transaction of $386,691.84. Following the sale, the executive vice president now owns 180,705 shares in the company, valued at $8,717,209.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 3,378 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $45.89, for a total value of $155,016.42. Following the sale, the senior vice president now owns 52,953 shares in the company, valued at approximately $2,430,013.17. The disclosure for this sale can be found here. Insiders sold 41,106 shares of company stock worth $1,908,923 over the last three months. 0.02% of the stock is currently owned by corporate insiders.

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 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.