Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Proffitt & Goodson Inc.

Proffitt & Goodson Inc. lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,171 shares of the network equipment provider’s stock after purchasing an additional 197 shares during the period. Proffitt & Goodson Inc.’s holdings in Cisco Systems were worth $914,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CSCO. China Universal Asset Management Co. Ltd. increased its stake in Cisco Systems by 226.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 26,423 shares of the network equipment provider’s stock valued at $1,319,000 after purchasing an additional 18,339 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Cisco Systems by 76.3% in the first quarter. Atomi Financial Group Inc. now owns 13,304 shares of the network equipment provider’s stock valued at $664,000 after acquiring an additional 5,758 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Cisco Systems by 0.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 892,052 shares of the network equipment provider’s stock worth $44,522,000 after purchasing an additional 5,036 shares during the period. ProShare Advisors LLC grew its holdings in Cisco Systems by 18.3% during the first quarter. ProShare Advisors LLC now owns 4,945,193 shares of the network equipment provider’s stock worth $246,815,000 after acquiring an additional 765,923 shares during the period. Finally, Bleakley Financial Group LLC increased its holdings in shares of Cisco Systems by 0.3% in the 1st quarter. Bleakley Financial Group LLC now owns 155,675 shares of the network equipment provider’s stock valued at $7,770,000 after purchasing an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In other Cisco Systems news, SVP Maria Victoria Wong sold 3,379 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $50.36, for a total value of $170,166.44. Following the transaction, the senior vice president now owns 47,182 shares of the company’s stock, valued at approximately $2,376,085.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Thimaya K. Subaiya sold 1,328 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $48.92, for a total value of $64,965.76. Following the transaction, the executive vice president now owns 132,910 shares in the company, valued at $6,501,957.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Maria Victoria Wong sold 3,379 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $50.36, for a total transaction of $170,166.44. Following the completion of the sale, the senior vice president now owns 47,182 shares of the company’s stock, valued at approximately $2,376,085.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,529 shares of company stock valued at $3,509,049 over the last three months. Company insiders own 0.01% of the company’s stock.

Cisco Systems Trading Down 0.0 %

Shares of NASDAQ CSCO opened at $58.06 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43. The company has a market cap of $231.70 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 4.79 and a beta of 0.83. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $58.30. The stock’s 50 day simple moving average is $53.30 and its 200 day simple moving average is $49.41.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. The business had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The business’s revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 earnings per share. Equities research analysts expect that Cisco Systems, Inc. will post 2.89 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Wednesday, October 2nd. Cisco Systems’s payout ratio is currently 62.99%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Hsbc Global Res raised Cisco Systems to a “strong-buy” rating in a report on Friday, August 16th. Tigress Financial upped their price objective on Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Citigroup raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $52.00 to $62.00 in a research report on Wednesday, October 16th. New Street Research upgraded Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday, August 15th. Finally, Rosenblatt Securities lifted their price target on shares of Cisco Systems from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.74.

About Cisco Systems

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.