Cisco Systems, Inc. (CSCO) Position Boosted by Fiduciary Financial Services of The Southwest Inc. TX

Fiduciary Financial Services of The Southwest Inc. TX raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 34,409 shares of the network equipment provider’s stock after buying an additional 532 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Cisco Systems were worth $1,040,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Dubuque Bank & Trust Co. raised its position in Cisco Systems by 44.6% in the third quarter. Dubuque Bank & Trust Co. now owns 340,949 shares of the network equipment provider’s stock worth $10,815,000 after buying an additional 105,162 shares during the period. Franklin Street Advisors Inc. NC raised its position in Cisco Systems by 3.0% in the third quarter. Franklin Street Advisors Inc. NC now owns 359,679 shares of the network equipment provider’s stock worth $11,409,000 after buying an additional 10,602 shares during the period. Bailard Inc. raised its position in Cisco Systems by 40.4% in the third quarter. Bailard Inc. now owns 231,621 shares of the network equipment provider’s stock worth $7,347,000 after buying an additional 66,612 shares during the period. First Personal Financial Services raised its position in Cisco Systems by 9.8% in the third quarter. First Personal Financial Services now owns 121,998 shares of the network equipment provider’s stock worth $3,870,000 after buying an additional 10,896 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in Cisco Systems by 81.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 1,703,905 shares of the network equipment provider’s stock worth $54,048,000 after buying an additional 765,452 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at 34.08 on Friday. Cisco Systems, Inc. has a one year low of $25.81 and a one year high of $34.53. The stock’s 50 day moving average price is $33.51 and its 200-day moving average price is $31.35. The stock has a market cap of $170.67 billion, a PE ratio of 17.57 and a beta of 1.36.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 15th. The network equipment provider reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Cisco Systems had a return on equity of 17.50% and a net margin of 21.73%. The business earned $11.60 billion during the quarter, compared to analysts’ expectations of $11.55 billion. During the same quarter last year, the business posted $0.57 earnings per share. On average, equities analysts predict that Cisco Systems, Inc. will post $2.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Thursday, April 6th will be paid a dividend of $0.29 per share. The ex-dividend date is Tuesday, April 4th. This represents a $1.16 annualized dividend and a yield of 3.40%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.26. Cisco Systems’s dividend payout ratio (DPR) is currently 49.52%.

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A number of equities analysts recently weighed in on the stock. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of Cisco Systems in a research report on Friday, February 17th. Robert W. Baird reiterated a “buy” rating on shares of Cisco Systems in a research report on Wednesday, January 25th. Wells Fargo & Co reiterated an “overweight” rating on shares of Cisco Systems in a research report on Saturday, January 28th. Vetr lowered shares of Cisco Systems from a “hold” rating to a “sell” rating and set a $31.80 price objective on the stock. in a research report on Thursday, February 16th. Finally, OTR Global upgraded shares of Cisco Systems from a “mixed” rating to a “positive” rating in a research report on Thursday, February 2nd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $34.14.

In related news, Director Steven M. West purchased 3,027 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was acquired at an average price of $33.92 per share, for a total transaction of $102,675.84. Following the transaction, the director now directly owns 3,700 shares of the company’s stock, valued at approximately $125,504. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roderick C. Mcgeary sold 10,000 shares of the stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $34.07, for a total value of $340,700.00. Following the completion of the transaction, the director now owns 122,721 shares of the company’s stock, valued at approximately $4,181,104.47. The disclosure for this sale can be found here. Insiders have sold 371,807 shares of company stock valued at $12,668,893 in the last ninety days. Company insiders own 0.11% of the company’s stock.

About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

5 Day Chart for NASDAQ:CSCO

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