Truvestments Capital LLC Has $273,000 Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Truvestments Capital LLC lessened its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 17.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,478 shares of the network equipment provider’s stock after selling 1,143 shares during the quarter. Truvestments Capital LLC’s holdings in Cisco Systems were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CSCO. Guardian Capital Advisors LP boosted its position in shares of Cisco Systems by 9.0% during the 1st quarter. Guardian Capital Advisors LP now owns 7,067 shares of the network equipment provider’s stock valued at $338,000 after acquiring an additional 582 shares in the last quarter. Stonebridge Capital Advisors LLC lifted its stake in Cisco Systems by 2.7% during the first quarter. Stonebridge Capital Advisors LLC now owns 58,904 shares of the network equipment provider’s stock worth $2,940,000 after purchasing an additional 1,539 shares during the period. JT Stratford LLC lifted its stake in Cisco Systems by 1.4% during the first quarter. JT Stratford LLC now owns 37,659 shares of the network equipment provider’s stock worth $1,880,000 after purchasing an additional 508 shares during the period. Sheaff Brock Investment Advisors LLC grew its stake in shares of Cisco Systems by 2.2% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 309,738 shares of the network equipment provider’s stock valued at $15,459,000 after purchasing an additional 6,560 shares during the period. Finally, Rodgers Brothers Inc. raised its holdings in shares of Cisco Systems by 261.7% in the 1st quarter. Rodgers Brothers Inc. now owns 66,444 shares of the network equipment provider’s stock worth $3,316,000 after buying an additional 48,075 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America raised Cisco Systems from a “neutral” rating to a “buy” rating and boosted their price target for the company from $55.00 to $60.00 in a research note on Monday, April 15th. Barclays upped their target price on shares of Cisco Systems from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, May 17th. JPMorgan Chase & Co. started coverage on shares of Cisco Systems in a report on Monday, April 22nd. They set a “neutral” rating and a $53.00 price target for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research note on Monday, June 10th. Finally, Oppenheimer raised their target price on Cisco Systems from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $56.47.

Cisco Systems Trading Up 1.4 %

NASDAQ:CSCO traded up $0.64 on Friday, reaching $47.88. The company’s stock had a trading volume of 16,104,858 shares, compared to its average volume of 17,948,308. Cisco Systems, Inc. has a 1-year low of $44.95 and a 1-year high of $58.19. The business’s 50-day moving average price is $46.73 and its two-hundred day moving average price is $48.36. The firm has a market cap of $192.90 billion, a PE ratio of 16.12, a PEG ratio of 2.74 and a beta of 0.85. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.89.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.18. The business had revenue of $12.70 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS. Equities research analysts anticipate that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Friday, July 5th were given a $0.40 dividend. The ex-dividend date was Friday, July 5th. This represents a $1.60 annualized dividend and a yield of 3.34%. Cisco Systems’s dividend payout ratio is currently 53.87%.

Insider Buying and Selling

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,619 shares of Cisco Systems stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $45.34, for a total value of $118,745.46. Following the sale, the executive vice president now owns 176,384 shares of the company’s stock, valued at approximately $7,997,250.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Maria Victoria Wong sold 3,378 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were 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 of the company’s stock, valued at $2,430,013.17. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,619 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $45.34, for a total transaction of $118,745.46. Following the completion of the transaction, the executive vice president now directly owns 176,384 shares of the company’s stock, valued at approximately $7,997,250.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,106 shares of company stock valued at $1,908,923. Company insiders own 0.02% of the company’s stock.

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.