Heartwood Wealth Advisors LLC Purchases 1,519 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Heartwood Wealth Advisors LLC increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 8.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,835 shares of the network equipment provider’s stock after purchasing an additional 1,519 shares during the quarter. Heartwood Wealth Advisors LLC’s holdings in Cisco Systems were worth $990,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSCO. Sargent Investment Group LLC grew its position in shares of Cisco Systems by 5.6% during the 3rd quarter. Sargent Investment Group LLC now owns 13,425 shares of the network equipment provider’s stock valued at $722,000 after purchasing an additional 713 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its position in shares of Cisco Systems by 37.2% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 42,571 shares of the network equipment provider’s stock valued at $2,289,000 after purchasing an additional 11,541 shares in the last quarter. Pearl River Capital LLC purchased a new position in shares of Cisco Systems during the 3rd quarter valued at $506,000. Columbia Asset Management grew its position in shares of Cisco Systems by 1.0% during the 3rd quarter. Columbia Asset Management now owns 115,110 shares of the network equipment provider’s stock valued at $6,188,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Stokes Family Office LLC grew its position in shares of Cisco Systems by 3.7% during the 3rd quarter. Stokes Family Office LLC now owns 76,292 shares of the network equipment provider’s stock valued at $4,101,000 after purchasing an additional 2,719 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO opened at $45.97 on Wednesday. The company has a market cap of $185.20 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 2.65 and a beta of 0.85. The company has a 50-day moving average price of $47.28 and a 200-day moving average price of $48.87. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. Cisco Systems, Inc. has a 12 month low of $44.95 and a 12 month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.70 by $0.18. The firm had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $12.53 billion. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 earnings per share. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Friday, July 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Friday, July 5th. Cisco Systems’s payout ratio is currently 53.87%.

Insider Buying and Selling

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,619 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $45.34, for a total value of $118,745.46. Following the sale, the executive vice president now owns 176,384 shares in the company, valued at $7,997,250.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Deborah L. Stahlkopf sold 2,619 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $45.34, for a total transaction of $118,745.46. Following the sale, the executive vice president now owns 176,384 shares in the company, valued at $7,997,250.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Maria Victoria Wong sold 762 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $45.42, for a total transaction of $34,610.04. Following the sale, the senior vice president now owns 51,788 shares in the company, valued at approximately $2,352,210.96. The disclosure for this sale can be found here. Insiders sold a total of 41,106 shares of company stock valued at $1,908,923 over the last three months. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CSCO. Deutsche Bank Aktiengesellschaft upped their target price on shares of Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 9th. Morgan Stanley began coverage on shares of Cisco Systems in a research report on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 target price for the company. Citigroup began coverage on shares of Cisco Systems in a research report on Friday, April 12th. They issued a “neutral” rating and a $52.00 target price for the company. StockNews.com lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, BNP Paribas upgraded shares of Cisco Systems from an “underperform” rating to a “neutral” rating and set a $50.00 target price for the company in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Cisco Systems has an average rating of “Hold” and an average target price of $56.47.

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.