Cisco Systems, Inc. (NASDAQ:CSCO) Holdings Raised by PYA Waltman Capital LLC

PYA Waltman Capital LLC grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 445.4% in the 1st quarter, HoldingsChannel reports. The firm owned 769 shares of the network equipment provider’s stock after acquiring an additional 628 shares during the quarter. PYA Waltman Capital LLC’s holdings in Cisco Systems were worth $43,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CSCO. Sandy Cove Advisors LLC acquired a new position in Cisco Systems during the fourth quarter valued at $33,000. Evolution Advisers Inc. acquired a new position in Cisco Systems during the fourth quarter valued at $33,000. Conrad Siegel Investment Advisors Inc. acquired a new position in Cisco Systems during the first quarter valued at $33,000. Regency Capital Management Inc. DE acquired a new position in Cisco Systems during the fourth quarter valued at $34,000. Finally, Steward Financial Group LLC acquired a new position in Cisco Systems during the fourth quarter valued at $36,000. 73.18% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Stock Performance

Shares of CSCO opened at $45.01 on Friday. The company has a market capitalization of $186.38 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 2.23 and a beta of 0.97. Cisco Systems, Inc. has a one year low of $40.82 and a one year high of $64.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.49 and a quick ratio of 1.40. The company’s fifty day moving average price is $43.96 and its 200 day moving average price is $49.96.

Cisco Systems (NASDAQ:CSCO – Get Rating) last announced its earnings results on Wednesday, May 18th. The network equipment provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. Cisco Systems had a net margin of 23.28% and a return on equity of 31.22%. The firm had revenue of $12.84 billion for the quarter, compared to the consensus estimate of $13.33 billion. During the same quarter last year, the firm posted $0.75 EPS. As a group, analysts expect that Cisco Systems, Inc. will post 3 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $1.52 annualized dividend and a dividend yield of 3.38%. Cisco Systems’s payout ratio is 53.33%.

Insider Transactions at Cisco Systems

In other news, SVP Prat Bhatt sold 3,700 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $43.34, for a total transaction of $160,358.00. Following the transaction, the senior vice president now owns 80,784 shares in the company, valued at approximately $3,501,178.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Charles Robbins sold 12,717 shares of Cisco Systems stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $43.79, for a total transaction of $556,877.43. Following the sale, the chief executive officer now directly owns 651,577 shares in the company, valued at approximately $28,532,556.83. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Prat Bhatt sold 3,700 shares of Cisco Systems stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $43.34, for a total transaction of $160,358.00. Following the sale, the senior vice president now owns 80,784 shares in the company, valued at $3,501,178.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,326 shares of company stock worth $1,103,159. 0.02% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on CSCO shares. Barclays dropped their price target on Cisco Systems from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, May 19th. KGI Securities lowered Cisco Systems from an “outperform” rating to a “neutral” rating in a research report on Friday, July 15th. UBS Group cut their price target on Cisco Systems from $59.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, May 19th. Rosenblatt Securities assumed coverage on Cisco Systems in a research note on Tuesday, July 12th. They issued a “neutral” rating and a $48.00 price target for the company. Finally, Bank of America reduced their target price on shares of Cisco Systems from $62.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $54.23.

Cisco Systems Company Profile

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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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.