Persium Advisors LLC Acquires New Shares in Cisco Systems, Inc. (NASDAQ:CSCO)

Persium Advisors LLC bought a new position in Cisco Systems, Inc. (NASDAQ:CSCO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,432 shares of the network equipment provider’s stock, valued at approximately $736,000. Cisco Systems accounts for approximately 0.7% of Persium Advisors LLC’s holdings, making the stock its 14th largest position.

Other hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in shares of Cisco Systems during the second quarter valued at $62,000. Diversify Wealth Management LLC acquired a new stake in shares of Cisco Systems in the 2nd quarter worth approximately $2,375,000. Wilkins Investment Counsel Inc. lifted its stake in shares of Cisco Systems by 2.8% in the 2nd quarter. Wilkins Investment Counsel Inc. now owns 77,781 shares of the network equipment provider’s stock worth $3,695,000 after acquiring an additional 2,135 shares during the period. Rock Point Advisors LLC increased its stake in shares of Cisco Systems by 66.1% during the second quarter. Rock Point Advisors LLC now owns 192,910 shares of the network equipment provider’s stock valued at $9,165,000 after acquiring an additional 76,784 shares during the period. Finally, Providence Wealth Advisors LLC raised its holdings in Cisco Systems by 1.4% during the second quarter. Providence Wealth Advisors LLC now owns 23,718 shares of the network equipment provider’s stock worth $1,128,000 after purchasing an additional 330 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Stock Up 0.2 %

CSCO stock traded up $0.11 during midday trading on Monday, reaching $58.85. The company had a trading volume of 9,223,857 shares, compared to its average volume of 15,829,207. The company has a 50 day moving average of $58.67 and a two-hundred day moving average of $53.18. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $60.23. The company has a market capitalization of $234.39 billion, a P/E ratio of 25.26, a PEG ratio of 4.37 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The firm had revenue of $13.84 billion during the quarter, compared to analysts’ expectations of $13.78 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities research analysts expect that Cisco Systems, Inc. will post 2.97 earnings per share 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. Investors of record on Friday, January 3rd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.72%. The ex-dividend date is Friday, January 3rd. Cisco Systems’s payout ratio is presently 68.67%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CSCO. StockNews.com upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Bank of America lifted their target price on Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Morgan Stanley upped their price target on shares of Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Wells Fargo & Company boosted their target price on shares of Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Finally, Tigress Financial raised their target price on shares of Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cisco Systems has a consensus rating of “Moderate Buy” and a consensus target price of $61.28.

Insiders Place Their Bets

In other news, EVP Thimaya K. Subaiya sold 21,230 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $57.07, for a total value of $1,211,596.10. Following the transaction, the executive vice president now owns 213,834 shares of the company’s stock, valued at $12,203,506.38. This trade represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 586 shares of Cisco Systems stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.69, for a total transaction of $34,392.34. Following the completion of the transaction, the senior vice president now owns 50,767 shares in the company, valued at $2,979,515.23. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 353,522 shares of company stock valued at $20,349,721 over the last ninety days. Corporate insiders own 0.01% 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.