L & S Advisors Inc Has $2.49 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

L & S Advisors Inc decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,814 shares of the network equipment provider’s stock after selling 357 shares during the quarter. L & S Advisors Inc’s holdings in Cisco Systems were worth $2,491,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CSCO. China Universal Asset Management Co. Ltd. raised its position in Cisco Systems by 226.9% in the 1st 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. EntryPoint Capital LLC raised its position in Cisco Systems by 67.1% in the 1st quarter. EntryPoint Capital LLC now owns 1,452 shares of the network equipment provider’s stock valued at $72,000 after purchasing an additional 583 shares during the last quarter. Stonebridge Capital Advisors LLC raised its position in Cisco Systems by 2.7% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 58,904 shares of the network equipment provider’s stock valued at $2,940,000 after purchasing an additional 1,539 shares during the last quarter. Guardian Capital Advisors LP raised its position in Cisco Systems by 9.0% in the 1st quarter. Guardian Capital Advisors LP now owns 7,067 shares of the network equipment provider’s stock valued at $338,000 after purchasing an additional 582 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its position in Cisco Systems by 87.8% in the 1st quarter. 1832 Asset Management L.P. now owns 153,514 shares of the network equipment provider’s stock valued at $7,662,000 after purchasing an additional 71,783 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Stock Up 0.9 %

Shares of NASDAQ:CSCO opened at $57.50 on Thursday. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $59.38. The firm has a fifty day moving average of $54.68 and a 200 day moving average of $50.00. The firm has a market capitalization of $229.47 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 4.63 and a beta of 0.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 earnings per share. As a group, research analysts anticipate that Cisco Systems, Inc. will post 2.89 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

Insiders Place Their Bets

In related news, EVP Thimaya K. Subaiya sold 1,328 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $48.92, for a total value of $64,965.76. Following the sale, the executive vice president now owns 132,910 shares in the company, valued at approximately $6,501,957.20. This trade represents a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Maria Victoria Wong sold 638 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $49.09, for a total transaction of $31,319.42. Following the completion of the sale, the senior vice president now owns 46,017 shares in the company, valued at $2,258,974.53. This represents a 1.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 321,628 shares of company stock worth $18,449,561. 0.01% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CSCO has been the subject of a number of analyst reports. Bank of America lifted their price objective on Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Morgan Stanley upped their target price on Cisco Systems from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. UBS Group increased their price target on Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their price target on Cisco Systems from $52.00 to $53.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, Barclays raised their target price on Cisco Systems from $49.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus price target of $59.94.

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.