2 weeks Ago By ABMN Staff
Granite Bay Wealth Management LLC bought a new position in Cisco Systems, Inc. ( NASDAQ:CSCO – Free Report ) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 70,800 shares of the network equipment provider’s stock, valued at approximately $3,358,000.
A number of other hedge funds have also added to or reduced their stakes in the business. Pathway Financial Advisers LLC grew its stake in Cisco Systems by 0.3% in the second quarter.
Pathway Financial Advisers LLC now owns 92,565 shares of the network equipment provider’s stock valued at $4,392,000 after acquiring an additional 321 shares during the period. EP Wealth Advisors LLC grew its stake in Cisco Systems by 8.3% in the second quarter.
EP Wealth Advisors LLC now owns 1,262,765 shares of the network equipment provider’s stock valued at $59,994,000 after acquiring an additional 97,087 shares during the period. Brandes Investment Partners LP grew its stake in Cisco Systems by 22.5% in the second quarter.
Brandes Investment Partners LP now owns 559,483 shares of the network equipment provider’s stock valued at $26,579,000 after acquiring an additional 102,659 shares during the period. Kimelman & Baird LLC acquired a new stake in Cisco Systems in the second quarter valued at approximately $1,131,000. Finally, Gateway Wealth Partners LLC grew its stake in Cisco Systems by 14.
3% in the second quarter. Gateway Wealth Partners LLC now owns 5,576 shares of the network equipment provider’s stock valued at $265,000 after acquiring an additional 698 shares during the period. 73.
33% of the stock is currently owned by institutional investors. Cisco Systems Stock Up 0.4 % CSCO stock opened at $53.
22 on Tuesday. The stock’s fifty day simple moving average is $49.14 and its two-hundred day simple moving average is $48.
16. The company has a current ratio of 0.91, a quick ratio of 0.
83 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 $54.58.
The stock has a market cap of $214.41 billion, a P/E ratio of 17.92, a P/E/G ratio of 4.
11 and a beta of 0.83. Cisco Systems Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd.
Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.40 per share. This represents a $1.
60 annualized dividend and a yield of 3.01%. The ex-dividend date is Wednesday, October 2nd.
Cisco Systems’s dividend payout ratio (DPR) is presently 53.87%. Wall Street Analyst Weigh In A number of equities research analysts have commented on the company.
Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research note on Thursday, August 15th. Jefferies Financial Group reduced their price objective on Cisco Systems from $56.00 to $53.
00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Barclays reduced their price objective on Cisco Systems from $50.00 to $49.
00 and set an “equal weight” rating for the company in a research note on Thursday, August 15th. Hsbc Global Res raised Cisco Systems to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Rosenblatt Securities lifted their target price on Cisco Systems from $56.
00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company.
According to MarketBeat.com, Cisco Systems currently has an average rating of “Hold” and an average price target of $55.00.
Get Our Latest Research Report on Cisco Systems Insiders Place Their Bets In other news, EVP Thimaya K. Subaiya sold 1,328 shares of the business’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 of the company’s stock, valued at $6,501,957.
20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website . In other news, EVP Thimaya K.
Subaiya sold 1,328 shares of Cisco Systems stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total value of $64,965.
76. Following the completion of the transaction, the executive vice president now directly owns 132,910 shares in the company, valued at $6,501,957.20.
The sale was disclosed in a document filed with the SEC, which is available through the SEC website . Also, SVP Maria Victoria Wong sold 3,379 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $50.
36, for a total value of $170,166.44. Following the sale, the senior vice president now directly owns 47,182 shares in the company, valued at approximately $2,376,085.
52. The disclosure for this sale can be found here . Insiders sold 70,529 shares of company stock worth $3,509,049 over the last quarter.
0.02% of the stock is currently owned by company insiders. About Cisco Systems ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc.
( NASDAQ:CSCO – Free Report ). Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter .
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