Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Acquires 702 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 50,514 shares of the network equipment provider’s stock after acquiring an additional 702 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Cisco Systems were worth $3,117,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CSCO. Diversified Trust Co lifted its position in shares of Cisco Systems by 35.9% during the 1st quarter. Diversified Trust Co now owns 104,965 shares of the network equipment provider’s stock worth $6,477,000 after buying an additional 27,712 shares during the period. Board of the Pension Protection Fund grew its holdings in shares of Cisco Systems by 134.0% in the 1st quarter. Board of the Pension Protection Fund now owns 12,400 shares of the network equipment provider’s stock worth $765,000 after purchasing an additional 7,100 shares during the last quarter. Nadler Financial Group Inc. increased its position in shares of Cisco Systems by 2.8% during the 1st quarter. Nadler Financial Group Inc. now owns 9,697 shares of the network equipment provider’s stock worth $598,000 after purchasing an additional 260 shares in the last quarter. PDS Planning Inc lifted its holdings in Cisco Systems by 11.2% during the 1st quarter. PDS Planning Inc now owns 22,443 shares of the network equipment provider’s stock valued at $1,385,000 after purchasing an additional 2,256 shares during the last quarter. Finally, Investment Advisory Services Inc. TX ADV boosted its position in Cisco Systems by 2.9% in the first quarter. Investment Advisory Services Inc. TX ADV now owns 24,516 shares of the network equipment provider’s stock valued at $1,513,000 after buying an additional 694 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CSCO shares. Rosenblatt Securities raised their price objective on shares of Cisco Systems from $63.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Barclays reissued an “equal weight” rating on shares of Cisco Systems in a research note on Wednesday, May 21st. Wall Street Zen raised Cisco Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and upped their price target for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cisco Systems from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.53.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $68.95 on Friday. The stock’s fifty day simple moving average is $62.31 and its 200 day simple moving average is $61.02. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $273.04 billion, a PE ratio of 28.14, a PEG ratio of 4.08 and a beta of 0.88. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $69.25.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. The company had revenue of $14.15 billion for the quarter, compared to analyst estimates of $14.05 billion. During the same quarter last year, the firm posted $0.88 earnings per share. Cisco Systems’s revenue was up 11.4% compared to the same quarter last year. On average, research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 66.94%.

Insider Buying and Selling at Cisco Systems

In related news, CEO Charles Robbins sold 29,784 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $64.61, for a total value of $1,924,344.24. Following the completion of the transaction, the chief executive officer now owns 688,409 shares of the company’s stock, valued at approximately $44,478,105.49. This trade represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thimaya K. Subaiya sold 8,726 shares of Cisco Systems stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $65.54, for a total transaction of $571,902.04. Following the completion of the sale, the executive vice president now owns 174,669 shares in the company, valued at $11,447,806.26. The trade was a 4.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,335 shares of company stock valued at $6,271,054 in the last 90 days. 0.01% of the stock is currently owned by company insiders.

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.