Good Life Advisors LLC Boosts Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Good Life Advisors LLC increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 24.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,373 shares of the network equipment provider’s stock after acquiring an additional 8,332 shares during the period. Good Life Advisors LLC’s holdings in Cisco Systems were worth $2,192,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp raised its stake in shares of Cisco Systems by 2.2% during the 1st quarter. State Street Corp now owns 184,879,450 shares of the network equipment provider’s stock worth $9,664,544,000 after buying an additional 4,061,022 shares during the period. Geode Capital Management LLC lifted its holdings in Cisco Systems by 2.1% during the first quarter. Geode Capital Management LLC now owns 78,378,278 shares of the network equipment provider’s stock valued at $4,088,864,000 after purchasing an additional 1,641,294 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Cisco Systems by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 70,960,104 shares of the network equipment provider’s stock valued at $3,674,524,000 after purchasing an additional 399,565 shares during the period. Morgan Stanley increased its stake in shares of Cisco Systems by 17.4% during the fourth quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock worth $2,943,593,000 after purchasing an additional 9,160,347 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its stake in Cisco Systems by 112,307.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 59,519,500 shares of the network equipment provider’s stock valued at $2,835,509,000 after buying an additional 59,466,550 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Deborah L. Stahlkopf sold 3,022 shares of Cisco Systems stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $56.22, for a total transaction of $169,896.84. Following the completion of the sale, the executive vice president now directly owns 169,396 shares of the company’s stock, valued at approximately $9,523,443.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Deborah L. Stahlkopf sold 3,022 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $56.22, for a total transaction of $169,896.84. Following the completion of the sale, the executive vice president now owns 169,396 shares in the company, valued at $9,523,443.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Richard Scott Herren sold 2,579 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $50.65, for a total value of $130,626.35. Following the completion of the transaction, the chief financial officer now directly owns 281,493 shares of the company’s stock, valued at $14,257,620.45. The disclosure for this sale can be found here. Insiders sold 54,438 shares of company stock worth $2,948,779 in the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CSCO. Morgan Stanley boosted their price objective on Cisco Systems from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 17th. Oppenheimer reissued an “outperform” rating and issued a $58.00 price objective on shares of Cisco Systems in a research note on Thursday, August 17th. Raymond James lifted their target price on shares of Cisco Systems from $64.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, August 17th. Evercore ISI raised their price target on shares of Cisco Systems from $60.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, August 17th. Finally, StockNews.com assumed coverage on shares of Cisco Systems in a research report on Thursday, August 17th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Cisco Systems presently has an average rating of “Hold” and an average target price of $59.43.

Cisco Systems Trading Down 0.6 %

Shares of CSCO stock opened at $56.04 on Monday. The company has a 50-day moving average of $54.20 and a two-hundred day moving average of $51.17. The firm has a market cap of $227.23 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 2.49 and a beta of 0.97. Cisco Systems, Inc. has a 1-year low of $38.60 and a 1-year high of $58.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.27.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 16th. The network equipment provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.08. The firm had revenue of $15.20 billion for the quarter, compared to analyst estimates of $15.05 billion. Cisco Systems had a return on equity of 33.42% and a net margin of 22.13%. Cisco Systems’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. On average, analysts predict that Cisco Systems, Inc. will post 3.58 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 2.78%. Cisco Systems’s dividend payout ratio is currently 50.81%.

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 that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.