Pioneer Trust Bank N A OR Acquires 530 Shares of Cisco Systems, Inc. (CSCO)
Pioneer Trust Bank N A OR lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,435 shares of the network equipment provider’s stock after acquiring an additional 530 shares during the quarter. Cisco Systems comprises approximately 2.3% of Pioneer Trust Bank N A OR’s holdings, making the stock its 18th biggest holding. Pioneer Trust Bank N A OR’s holdings in Cisco Systems were worth $4,083,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Financial Management Professionals Inc. increased its stake in Cisco Systems by 17.7% during the 1st quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock worth $118,000 after buying an additional 635 shares during the period. Watermark Asset Management Inc. bought a new stake in shares of Cisco Systems in the 1st quarter worth about $122,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Cisco Systems by 15.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock worth $145,000 after purchasing an additional 560 shares during the last quarter. Baystate Wealth Management LLC increased its position in shares of Cisco Systems by 24.5% in the 1st quarter. Baystate Wealth Management LLC now owns 7,537 shares of the network equipment provider’s stock worth $146,000 after purchasing an additional 1,484 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. increased its position in shares of Cisco Systems by 23.1% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 4,393 shares of the network equipment provider’s stock worth $148,000 after purchasing an additional 823 shares during the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.
In other Cisco Systems news, CAO Prat Bhatt sold 25,638 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $821,954.28. Following the completion of the transaction, the chief accounting officer now owns 119,996 shares of the company’s stock, valued at $3,847,071.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 121,390 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $3,891,763.40. Following the transaction, the chief executive officer now directly owns 552,694 shares of the company’s stock, valued at approximately $17,719,369.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 420,138 shares of company stock valued at $13,239,624. 0.11% of the stock is owned by insiders.
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Several equities research analysts have recently weighed in on CSCO shares. Instinet reissued a “neutral” rating and issued a $29.00 target price on shares of Cisco Systems in a research report on Monday, July 3rd. J P Morgan Chase & Co reissued a “neutral” rating on shares of Cisco Systems in a research report on Monday, June 26th. Vetr raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $33.39 target price for the company in a research report on Monday, July 17th. Stifel Nicolaus set a $34.00 target price on shares of Cisco Systems and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Finally, William Blair reissued an “outperform” rating on shares of Cisco Systems in a research report on Sunday, May 21st. Fourteen investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $35.57.
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) traded up 0.78% during midday trading on Friday, hitting $32.44. 29,336,087 shares of the company were exchanged. The company has a 50-day moving average of $31.66 and a 200 day moving average of $32.46. Cisco Systems, Inc. has a one year low of $29.12 and a one year high of $34.60. The company has a market capitalization of $160.64 billion, a P/E ratio of 17.07 and a beta of 1.19.
Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.61. The business had revenue of $12.13 billion during the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. Cisco Systems’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share. On average, equities research analysts expect that Cisco Systems, Inc. will post $2.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Thursday, October 5th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Wednesday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is presently 60.73%.
Cisco Systems Profile
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).
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