Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Bogart Wealth LLC

Bogart Wealth LLC boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.1% in the third quarter, HoldingsChannel.com reports. The firm owned 201,891 shares of the network equipment provider’s stock after buying an additional 195 shares during the quarter. Bogart Wealth LLC’s holdings in Cisco Systems were worth $10,745,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Brookstone Capital Management grew its holdings in shares of Cisco Systems by 9.4% during the first quarter. Brookstone Capital Management now owns 55,083 shares of the network equipment provider’s stock worth $2,749,000 after purchasing an additional 4,712 shares during the last quarter. Sovereign Financial Group Inc. lifted its stake in Cisco Systems by 16.5% in the first quarter. Sovereign Financial Group Inc. now owns 10,966 shares of the network equipment provider’s stock valued at $547,000 after buying an additional 1,555 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of Cisco Systems by 28.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 53,871 shares of the network equipment provider’s stock valued at $2,689,000 after acquiring an additional 12,072 shares during the period. Shulman DeMeo Asset Management LLC grew its position in shares of Cisco Systems by 6.0% during the first quarter. Shulman DeMeo Asset Management LLC now owns 10,116 shares of the network equipment provider’s stock worth $505,000 after acquiring an additional 570 shares during the last quarter. Finally, Thrive Wealth Management LLC increased its holdings in shares of Cisco Systems by 5.5% in the 1st quarter. Thrive Wealth Management LLC now owns 19,168 shares of the network equipment provider’s stock valued at $957,000 after acquiring an additional 995 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CSCO. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research report on Thursday, August 15th. Citigroup upgraded Cisco Systems from a “neutral” rating to a “buy” rating and lifted their target price for the company from $52.00 to $62.00 in a research note on Wednesday, October 16th. Barclays lowered their price objective on shares of Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 15th. HSBC upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and raised their target price for the stock from $46.00 to $58.00 in a research note on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Cisco Systems from $52.00 to $53.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $56.74.

Cisco Systems Price Performance

Shares of CSCO stock traded down $0.24 during trading hours on Thursday, hitting $56.04. The company’s stock had a trading volume of 3,626,251 shares, compared to its average volume of 19,058,734. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $57.06. The stock has a market cap of $225.77 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 4.22 and a beta of 0.83. The business has a fifty day moving average of $51.85 and a 200-day moving average of $48.77.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.53 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Cisco Systems, Inc. will post 2.9 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.86%. Cisco Systems’s dividend payout ratio (DPR) is currently 53.87%.

Insiders Place Their Bets

In other news, EVP Thimaya K. Subaiya sold 1,328 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total transaction of $64,965.76. Following the sale, the executive vice president now owns 132,910 shares in the company, valued at $6,501,957.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Thimaya K. Subaiya sold 1,328 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $48.92, for a total value of $64,965.76. Following the completion of the sale, the executive vice president now directly owns 132,910 shares in the company, valued at approximately $6,501,957.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Maria Victoria Wong sold 638 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $49.09, for a total transaction of $31,319.42. Following the transaction, the senior vice president now directly owns 46,017 shares of the company’s stock, valued at $2,258,974.53. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 70,529 shares of company stock valued at $3,509,049. Company insiders own 0.02% of the company’s stock.

About Cisco Systems

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.